Structured Products Trader

BIT Official; Hong Kong; On-site; HKD 1,200,000 - 2,000,000; Full time

Job summary

BIT is seeking a quantitative trader to own pricing, quoting, market-making and risk management for structured products across digital assets and tokenized equities. You will manage Greeks and dynamic hedging, while driving continuous improvement of pricing models and trading automation.

The role emphasizes volatility trading, inventory control and close collaboration with quant/dev teams to deliver steady P&L within strict risk limits.

Qualifications

• Master’s degree or higher in a quantitative field.
• 3+ years trading exotic options/structured products.
• Strong command of options pricing, Greeks and volatility surfaces.
• Proficiency in Python for pricing and data analysis; SQL literacy.
• Fluent in English and Chinese; crypto/US-equity knowledge a plus.

Responsibilities

• Pricing "Pricing & Quoting" for structured products and real-time quotes.
• Risk management and hedging including delta/gamma/vega exposures.
• Volatility trading and alpha generation from vol dynamics.
• Inventory and market-making with external vendors; hedging costs control.
• Work with quant/dev to automate pricing and hedging in the trading system.
• Contribute to design and launch of new tokenized/underlying products.
• Ensure compliance with risk limits and trade eligibility.

Skills

Fluent English

Fluent Chinese

Decisive under pressure

Collaborative

Education

Master’s degree in Mathematics/Physics/Financial Engineering/Computer Science

Tools

Python

SQL

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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