Structured Products Trader

Matrixport; Hong Kong; On-site; HKD 1,400,000 - 2,400,000; Full time

Job summary

BIT is seeking a senior quantitative trader to own pricing, quoting, market-making and risk management of structured products across digital assets and tokenized / US equities. You will manage exotic options exposures and drive continuous improvement of pricing models and trading systems.

You should have a strong background in Python and SQL, solid understanding of BS/local/stochastic vol, and fluency in English and Chinese, with at least 3 years in a high-intensity trading environment.

Qualifications

• Master’s or higher in a quantitative field.
• 3+ years trading exotic options/structured products.
• Strong pricing knowledge: BS, local vol, stochastic vol.
• Python for pricing, data analysis, backtesting; SQL reading.
• Fluent in English and Chinese.

Responsibilities

• Pricing & quoting real-time for structured products.
• Risk management & hedging of the book.
• Maintain implied-volatility surface and alpha generation.
• Inventory management and hedging with external vendors.
• Collaborate with quant/dev to automate pricing and risk.

Skills

Exotic options trading

Structured products

Market-making

Risk management

Python

SQL

Quantitative analysis

English and Chinese fluency

Education

Master’s or above in Mathematics/Physics/Financial Engineering/Computer Science

Tools

SQL

Job description

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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