Associate/Sr. Associate - Quant

CoinDCX - Associate/Sr. Associate - Quant

ROLE SUMMARY

We are seeking a Quantitative Associate to join our Market Operations team at our crypto exchange.

This role is critical to maintaining efficient, competitive, and well-priced markets across spot and derivatives trading platforms. You will be responsible for market quality monitoring, derivatives pricing oversight, quantitative analysis of order books, and development of data-driven insights to improve spreads, depth, and pricing integrity.

This is a hands-on quantitative role working closely with trading, market making, product, and engineering teams in a fast-paced, 24/7 market environment.

KEY RESPONSIBILITIES

MARKET QUALITY MANAGEMENT

• Own and optimize spread and depth metrics across spot and futures order books

• Monitor real-time order book dynamics to maintain target spread and liquidity levels across market conditions

• Analyze historical spread and depth patterns to identify improvement opportunities

• Develop systematic, data-driven approaches to enhance market quality

DERIVATIVES PRICING OVERSIGHT

• Monitor and manage price deviations between derivatives contracts and corresponding mark prices

• Track and analyze price differentials between internal derivatives products and global benchmarks (Binance, OKX, Bybit, Deribit, CME)

• Investigate pricing anomalies and coordinate with trading, market making, and engineering teams to resolve issues

• Minimize basis risk and ensure pricing integrity across derivatives books

RISK MONITORING & QUANTITATIVE ANALYSIS

• Build and maintain dashboards and alerting systems for market quality and pricing metrics

• Conduct post-trade analysis to evaluate market making effectiveness

• Perform statistical analysis on:

Order book dynamics

Pricing deviations

Market microstructure behavior

• Support data-driven decision-making through quantitative insights

CROSS-FUNCTIONAL COLLABORATION

• Work closely with Trading, Product, and Engineering teams to understand market making strategies

• Partner with Engineering to implement:

Monitoring tools

Automated alerts

Systematic pricing improvements

• Communicate findings and recommendations clearly to senior stakeholders

YOU’LL EXCEL IF YOU HAVE

• Bachelor’s or Master’s degree in Mathematics, Statistics, Physics, Computer Science, Finance, Economics, or related quantitative field

• 1–3 years of experience in:

* Quantitative trading * Market making * Market surveillance (crypto or traditional derivatives preferred)Strong understanding of:

• Market microstructure

• Order book dynamics

• Derivatives pricing principles

Technical proficiency in

• Python (pandas, numpy, scipy)

• SQL

• Large time-series datasets

• Statistics and probability applied to financial markets

PREFERRED QUALIFICATIONS

• Prior experience at a crypto exchange, trading firm, or HFT environment

• Familiarity with:

• Perpetual futures
• Dated futures
• Options

• Experience with:

• Real-time data processing and monitoring systems
• Market making algorithms
• Liquidity provision strategies
• Funding rates
• Index pricing
• Mark price methodologies in crypto derivatives

• Experience with Tableau, Grafana, or similar visualization tools

TECHNICAL SKILLS

Programming

• Python

• SQL

• APIs

• Real-time data streams

Tools

• Jupyter notebooks

• Git

• Linux / command line

Mathematics

• Statistics

• Probability

• Time-series analysis

• Optimization

Financial Knowledge

• Derivatives pricing

• Market microstructure

• Risk metrics

Additional

• Python / Rust coding capabilities

WHAT WE’RE LOOKING FOR

• Analytical rigor: Ability to extract actionable insights from complex datasets

• Attention to detail: High vigilance on pricing accuracy and market quality metrics

• Problem-solving mindset: Proactive, systematic approach to issue resolution

• Communication skills: Ability to explain technical concepts to diverse audiences

• Adaptability: Comfort operating in fast-moving, 24/7 market environments

• Collaboration: Strong team orientation across trading, quant, and engineering functions

YOU’LL KNOW YOU’RE WINNING WHEN

• Arbitrage strategies are developed and deployed based on funding and pricing inefficiencies in derivatives books

• Market quality metrics (spreads, depth, pricing deviations) show consistent improvement

• Pricing anomalies are detected early and resolved quickly

• Quantitative insights directly influence trading and market making decisions

HIRING PROCESS

• Application Review
• Recruiter Connect
• Functional Round(s)
• Assignment / Simulation Round
• Culture & Values Discussion
• Founder Conversation (Optional)

WHERE WE WORK

We operate as a work-from-office organisation based out of Bangalore, where collaboration, speed, and innovation happen in real time.

PERKS & BENEFITS

• Flexible benefits structure

• Unlimited wellness leaves

• Mental wellness support

• Bi-weekly learning and growth sessions

READY TO BUILD WHAT’S NEXT?

If you’re looking for a role that gives you direct access to high-stakes decisions, deep impact, and a chance to build the future of finance, this is it.

Join CoinDCX and help make crypto accessible to every Indian, together.