About BIT：
BIT (formerly Matrixport) is a global digital asset financial services and infrastructure group. Headquartered in Singapore and founded in 2019, BIT bridges traditional finance and digital assets through governance-driven financial services and technology.
The firm manages over US$7 billion in assets and facilitates more than US$7 billion in monthly trading volume. BIT offers services including custody, trading, asset and wealth management, liquidity and financing solutions, and tokenised real-world assets (RWA), serving institutional and professional investors globally.
BIT Group entities maintain a licensed and regulated footprint across Singapore, Hong Kong, Switzerland, the United Kingdom, the United States and Bhutan.
For more information, visit www.bit.com
Role Overview
Own the pricing, quoting, market-making and risk management of structured products across digital assets and tokenized / US equities. Manage the Greek exposures of an exotic options book and, through dynamic hedging and volatility trading, deliver steady, sustainable P&L within strict risk limits — while driving continuous improvement of pricing models, hedging algorithms and the trading system.
Job Responsibilities
- Pricing & Quoting: Provide real-time pricing and quotes for structured products including Dual Currency (DCP), Sharkfin, FCN, Accumulator/AQ/ DQ, Snowball and Collar; partner closely with sales/channels to win trades.
- Risk Management & Hedging: Manage the book’s delta /gamma/vega/vanna/ theta exposures; run 24/7 dynamic delta hedging and vega/skew hedging; control vol-surface, correlation and tail risk.
- Volatility Trading: Maintain and calibrate the implied-volatility surface; assess vol dynamics (sticky-strike vs sticky-delta); generate alpha through vol-level, skew and term-structure trades.
- Inventory & Market-Making: Manage proprietary hedging inventory; run back-to-back or partial hedges with external vendors (exchanges/market makers); optimize hedging costs (slippage, chasing, funding, borrow).
- Systems & Automation: Collaborate with quant/dev to enhance pricing models, hedging algorithms and the trading platform; drive automation of execution and risk management.
- New Products & Underlyings: Contribute to the design, pricing and launch of new structures and underlyings (e.g. tokenized equities, US-equity structured products, RWA).
- Risk & Compliance: Strictly observe risk limits, trade-eligibility and compliance requirements; work with the risk team on stress testing, model validation and margin management.
Job Requirements
- Education: Master’s or above in Mathematics, Physics, Financial Engineering, Computer Science or a related quantitative field.
- Experience: 3+ years trading exotic options/structured products (TradFi or crypto); market-making or proprietary hedging experience preferred.
- Expertise: Strong command of options pricing (BS/local vol/stochastic vol), Greeks, volatility surfaces and hedging strategies; deep understanding of exotics (barriers, Asians, auto-callables, accumulators, etc.).
- Technical: Proficient in Python for pricing, data analysis and backtesting; able to read / write SQL; quant/automated-trading experience a plus.
- Market Knowledge: Familiar with crypto/US-equity/derivatives market structure, microstructure and liquidity.
- Soft Skills: Performs under pressure, decisive, risk-aware, collaborative; fluent in English and Chinese.
Preferred
- Familiarity with crypto options markets;
- Experience with tokenized assets/RWA or US-equity structured products;
- Familiarity with vol modeling (SVI/SSVI), minimum-variance delta, skew stickiness and related practices;
- Structured-products desk experience at a top-tier investment bank/broker-dealer.
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