Structured Products Trader

BIT Official; Hong Kong; On-site; HKD 1,000,000 - 1,600,000; Full time

Job summary

BIT is seeking a seasoned trader to own pricing, market-making and risk management for structured products across digital assets and tokenized equities. You will manage exotic options, hedging strategies and continuous improvement of pricing models and trading systems.

The role requires 3+ years in trading exotic options, strong Greek knowledge, and proficiency in Python for pricing and backtesting, with fluency in English and Chinese. Hong Kong base with international exposure.

Qualifications

• Master’s or above in Mathematics, Physics, Financial Engineering, Computer Science or a related quantitative field.
• 3+ years trading exotic options/structured products (TradFi or crypto).
• Strong command of options pricing (BS/local vol/stochastic vol), Greeks, volatility surfaces and hedging strategies.

Responsibilities

• Pricing & quoting real‑time prices for structured products across multiple instruments.
• Risk management & hedging including delta/gamma/vega/theta exposures and 24/7 hedging.
• Volatility trading: calibrate implied‑vol surfaces and exploit vol dynamics.
• Inventory & market‑making: manage hedging inventory and optimize costs.
• Systems & automation: collaborate to enhance pricing models and trading platform automation.
• New products & underlyings: contribute to design, pricing and launch of new structures.
• Risk & compliance: observe risk limits and assist in stress testing and validation.

Skills

Options pricing

Python

SQL

Crypto markets

Education

Masters in quantitative field

Tools

Backtesting

Pricing libraries

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;

By submitting a job application, you confirm that you have read and agree to our Candidate Privacy Policy.