Structured Products Trader

BIT Official; Hong Kong; On-site; HKD 1,800,000 - 3,200,000; Full time

Job summary

BIT is seeking a highly skilled quantitative trader to own pricing, quoting, market-making and risk management of structured products across digital assets and tokenized equities. You will manage exotic options, source alpha through hedging and volatility trading, and advance pricing models and trading systems.

The role requires mastery of options, strong Python and SQL proficiency, and fluent English and Chinese.

Qualifications

• Master’s or above in Mathematics, Physics, Financial Engineering, Computer Science or related quantitative field.
• 3+ years trading exotic options/structured products; market-making or hedging experience preferred.
• Strong command of options pricing models and Greeks; knowledge of volatility surfaces.
• Proficient in Python for pricing, data analysis and backtesting; SQL literacy.
• Fluent in English and Chinese; crypto/derivatives market knowledge.

Responsibilities

• Pricing & Quoting: Provide real-time pricing and quotes for structured products and related instruments, collaborate with sales to win trades.
• Risk Management & Hedging: Manage delta/gamma/vega exposures, perform 24/7 dynamic hedging, control vol-surface and tail risk.
• Volatility Trading: Calibrate implied-volatility surfaces, assess vol dynamics, generate alpha through vol-level and skew trades.
• Inventory & Market-Making: Manage hedging inventory, execute hedges with external vendors, optimize hedging costs.
• Systems & Automation: Improve pricing models and hedging algorithms, automate execution and risk management.
• New Products & Underlyings: Design, price and launch tokenized assets, US-equity products and RWA structures.

Skills

Python

Options pricing

SQL

Quantitative finance

English & Chinese

Education

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

Tools

Pricing models

Trading platform

Job description

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;

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