Senior Associate, OTC Trading

PDAX; Pasig; On-site; PHP 420,000 - 680,000; Full time

Job summary

PDAX seeks a Junior Trader for Crypto and FX Trading to support OTC and foreign exchange operations, pricing client flows, and managing crypto-fiat and fiat-fiat risk. You will help maintain liquidity, monitor pricing, and ensure risk controls across multiple currencies in a fast-paced crypto markets desk.

The role emphasizes collaboration with Treasury and Compliance teams to optimize profitability while adhering to regulatory standards.

Qualifications

• Bachelor’s degree in Business, Economics, Mathematics, or related field.
• 1-2 years of experience in financial markets in sell-side sales and/or trading roles in OTC trading, treasury, or market-making, preferably in fintech, crypto, or banking.
• Familiarity with institutional market sales is an advantage.
• Familiarity with crypto markets, stablecoins, and fiat on/off ramps is a strong advantage.
• Excellent analytical, quantitative, and decision-making skills.
• Experience with Bloomberg, Refinitiv, or similar market tools.

Responsibilities

• Quote OTC trades to customers in various cryptocurrency cross pairs, ensuring market pricing competitiveness and profitability while managing risk appropriately.
• Monitor market-maker pricing and analyze market movements and trends to inform pricing strategies and hedging positions.
• Manage crypto inventory and liquidity across fiat accounts to support customer transactions and treasury operations.
• Analyze spreads, pricing, and arbitrage opportunities across exchanges.
• Ensure compliance with BSP and AML regulations related to FX operations.
• Collaborate with cross functional teams to ensure the success of the trading product.
• Prepare and present daily/weekly trade reports, P&L summaries, and risk analysis to senior management.

Skills

Pricing strategies

Market analysis

Risk management

Financial markets

Bloomberg/Refinitiv

Education

Bachelor’s degree in Business/Economics/Mathematics

Tools

Bloomberg

Refinitiv

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.

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.

About The Role

PDAX is looking for a Junior Trader for Crypto and FX Trading who will help manage OTC and foreign exchange trading operations to optimize profitability, ensure liquidity, and manage currency and crypto risk. This role is critical to PDAX’s crypto markets trading desk and specifically to the Treasury OTC product which includes servicing Prime customer trades via voice chat trading channels. This role's day-to-day objective is to price & service client trading flows and manage the residual risk arising from crypto-fiat, fiat-fiat, and crypto-crypto trades, playing a pivotal part in ensuring market, liquidity, and credit risk is managed appropriately.

General Responsibilities

• Quote OTC trades to customers in various cryptocurrency cross pairs, ensuring market pricing competitiveness and profitability while managing risk appropriately.
• Monitor PDAX market-maker pricing and analyze market movements and trends to inform pricing strategies and hedging positions.
• Manage crypto inventory and liquidity across fiat accounts (PHP, USD, etc.) to support customer transactions and treasury operations.
• Analyze spreads, pricing, and arbitrage opportunities across exchanges (e.g., local banks, OTC desks, crypto exchanges).
• Ensure compliance with BSP and AML regulations related to FX operations.
• Collaborate with cross functional teams within PDAX such as BD, Product and Compliance to ensure the success of the trading product.
• Prepare and present daily/weekly trade reports, P&L summaries, and risk analysis to senior management.

Qualifications

• Bachelor’s degree in Business, Economics, Mathematics, or related field.
• 1-2 years of experience in financial markets in sell-side sales and/or trading roles in OTC trading, treasury, or market-making, preferably in fintech, crypto, or banking.
• Familiarity with institutional market sales is an advantage.
• Familiarity with crypto markets, stablecoins, and fiat on/off ramps is a strong advantage.
• Excellent analytical, quantitative, and decision-making skills.
• Experience with Bloomberg, Refinitiv, or similar market tools.

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.