Officer OTC Trading

PDAX Access Channels. This limited; Pasig; On-site; PHP 1,200,000 - 1,800,000; Full time

Job summary

PDAX is seeking a skilled Treasury/Market Risk professional to manage the desk’s liquidity, hedging, and client flows in a fast-growing crypto trading environment. You will monitor risk, execute trades, and deliver market color to clients.

Ideal candidates hold a quantitative degree with 2–4 years in treasury or global markets, strong Excel, and familiarity with crypto derivatives and EMS/OMS systems. On-site role in Pasig, Philippines.

Qualifications

• Bachelor’s degree in Business, Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• 2 to 4 years of experience in Treasury, Global Markets, or FX Trading environment; crypto experience preferred.
• Deep understanding of digital assets, spot vs derivatives, stablecoins, and liquidity venues.
• Strong knowledge of crypto derivatives: Perpetuals, Futures, and Options; funding rates and leverage.
• Proficiency with crypto exchanges and institutional execution platforms; EMS/OMS a plus.
• Advanced Excel mandatory; Python or SQL preferred for data analysis and automation.

Responsibilities

• Book management of the desk’s proprietary inventory and hedging positions.
• Hedging and execution of trades to minimize slippage and market impact.
• Monitor intraday P&L, VaR, and position limits; alert senior treasury on breaches.
• Provide market updates, quotes, and insights to clients; ensure best execution.

Skills

Advanced Excel

Python

SQL

TradingView

Crypto knowledge

Risk management

Client management

Education

Bachelor’s degree in Business, Finance, Economics, Mathematics, or Statistics

Tools

EMS/OMS

Crypto exchanges

Pricing tools

Aggregators

Job description

Job Description:

About PDAX

At PDAX, we believe that the future of money is digital, and our mission is to empower all Filipinos to grow their wealth through blockchain technology.

As one of the first crypto firms in the Philippine market, we feel a sense of duty to our users and to the ecosystem to set the standard for safety, ease of access, and reliability. We expect our team to share in this responsibility and cherish our vision of a more open and equitable financial system.

We are looking for new team members that are passionate about cryptocurrency, want to work in a disruptive, fast-growing industry, and thrive in a start‑up environment.

If this sounds like you, then we’d love to talk.

General Responsibilities

Market Risk Management & Principal Trading

• Book Management: Actively manage the desk’s proprietary inventory and positions resulting from client flows. Ensure strict adherence to the principle that client buys are hedged via dealer sells (and vice versa).
• Hedging & Execution: Optimize LHS and RHS (buy and sell) commercial flows to ensure the desk is capital efficient. Execute timely hedging trades in the interbank/market to neutralize exposure from client transactions, minimizing slippage and market impact.
• Risk Monitoring: Monitor intraday P&L, inventory positions hedges, Value at Risk (VaR), and position limits. Proactively alert senior treasury personnel to potential breaches or volatile market conditions.
• Market Analysis: Keep abreast of macroeconomic news, currency/crypto flows (as applicable), and technical levels to inform trading decisions and risk positioning.

Client Sales & Trade Execution

• Quoting & Pricing: Provide accurate, competitive, and timely two-way quotes to internal and external clients across assigned asset classes.
• Order Handling: Manage client order flow from inquiry to execution, ensuring "Best Execution" standards are met while capturing appropriate spreads for the desk.
• Market Color: Disseminate daily market updates, commentary, and trading insights to clients to drive engagement and volume.
• Relationship Support: Act as the primary point of contact for the desk’s client base, ensuring seamless coverage during market hours.

Operational & Analytical Support

• Trade Lifecycle: Ensure all trades are booked accurately and in a timely manner in the operations management system. Resolve any settlement or booking discrepancies immediately.
• Reporting: Assist in the generation of End-of-Day (EOD) P&L reports, volume analysis, and regulatory reporting requirements.
• System Maintenance: Assist in the maintenance of trading tools, spreadsheets, and pricing models used by the desk.

Qualifications

• Bachelor’s degree in Business, Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• 2 to 4 years of experience in a Treasury, Global Markets, or FX Trading environment. Specific experience at a Crypto Exchange (CEX), OTC Desk, or Crypto Prop Firm is highly preferred.
• Deep understanding of the Digital Asset ecosystem, including market structure (Spot vs. Derivatives), stablecoin mechanics (USDT/USDC), and key liquidity venues.
• Strong working knowledge of Crypto Derivatives, specifically Perpetual Swaps (Perps), Futures, and Options.
• Understanding of critical crypto‑trading concepts such as Funding Rates, Basis Trading, Margin Management (Cross vs. Isolated), and Leverage.
• Ability to interpret risk parameters specific to derivatives and general portfolio risk (drawdown, liquidation levels).
• Proficiency with major crypto exchanges and institutional execution platforms. Experience with Aggregators or EMS/OMS is a plus.
• Advanced Excel is mandatory. Proficiency in Python or SQL is strongly preferred for analyzing on‑chain data or automating execution via APIs.
• Familiarity with TradingView, CoinGecko, Glassnode, or similar crypto‑analytics tools.
• Willingness to monitor positions and react to market‑moving news outside traditional banking hours when necessary.
• Ability to switch rapidly between "Sales Mode" (client‑first approach) and "Trader Mode" (hedging delta exposure and managing market and/or liquidity risk).
• High tolerance for the extreme volatility characteristic of crypto markets.

Our Culture

Communication

• We prioritize clear and transparent communication, ensuring that there is clarity among everyone we work with.
• We aim to have a collaborative environment, where innovative ideas in investment strategies are shared openly and constructively, driving the industry forward.

Customer‑focus

• We think about how our decisions impact our customers and ensure we provide the best experience that we can.
• We believe in building lasting relationships with our clients, constantly learning from and listening to them, and always striving to look out for what’s best for both sides.

Commitment

• We always aim to do the right thing and to do the right thing, excellently. We take accountability seriously and uphold ourselves to high standards, ensuring that we execute with attention to detail.
• We are dedicated to the long‑term success of our clients in the dynamic world of financial technology, maintaining integrity and professionalism in every aspect of our work.