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Operations
Associate – Quant Onsite, Full Time NEW
ID: 1493 | 1-3 yrs | Bangalore | careers
Role Summary
We are seeking a Quantitative Associate to join our Market Operations team at our crypto exchange.
This role is critical to maintaining efficient, competitive, and well-priced markets across spot and derivatives trading platforms. You will be responsible for market quality monitoring, derivatives pricing oversight, quantitative analysis of order books, and development of data-driven insights to improve spreads, depth, and pricing integrity. This is a hands-on quantitative role working closely with trading, market making, product, and engineering teams in a fast-paced, 24/7 market environment.
Key Responsibilities
1) Market Quality Management
Own and optimize spread and depth metrics across spot and futures order books
Monitor real-time order book dynamics to maintain target spread and liquidity levels across market conditions
Analyze historical spread and depth patterns to identify improvement opportunities
Develop systematic, data-driven approaches to enhance market quality
2) Derivatives Pricing Oversight
Monitor and manage price deviations between derivatives contracts and corresponding mark prices
Track and analyze price differentials between internal derivatives products and global benchmarks
(e.g., Binance, OKX, Bybit, Deribit, CME)
Investigate pricing anomalies and coordinate with trading, market making, and engineering teams to resolve issues
Minimize basis risk and ensure pricing integrity across derivatives books
3) Risk Monitoring & Quantitative Analysis
Build and maintain dashboards and alerting systems for market quality and pricing metrics
Conduct post-trade analysis to evaluate market making effectiveness
Perform statistical analysis on:
Order book dynamics
Pricing deviations
Market microstructure behavior
Support data-driven decision-making through quantitative insights
4) Cross-Functional Collaboration
Work closely with Trading, Product, and Engineering teams to understand market making strategies
Partner with Engineering to implement:
Monitoring tools
Automated alerts
Systematic pricing improvements
Communicate findings and recommendations clearly to senior stakeholders
You’ll Excel If You Have
Bachelor’s or Master’s degree in Mathematics, Statistics, Physics, Computer Science, Finance, Economics, or related quantitative field
1–3 years of experience in:
Quantitative trading
Market making
Market surveillance (crypto or traditional derivatives preferred)
Strong understanding of:
Market microstructure
Order book dynamics
Derivatives pricing principles
Proficiency in Python for analysis and automation (pandas, numpy, scipy)
Experience with SQL and large time-series datasets
Solid grounding in statistics and probability applied to financial markets
Preferred Qualifications
Prior experience at a crypto exchange, trading firm, or HFT environment
Familiarity with derivatives products:
Perpetual futures
Dated futures
Options
Experience with real-time data processing and monitoring systems
Knowledge of:
Market making algorithms
Liquidity provision strategies
Understanding of:
Funding rates
Index pricing
Mark price methodologies in crypto derivatives
Experience with data visualization tools (Tableau, Grafana, or similar)
Technical Skills
Programming: Python (required), SQL (required), APIs, real-time data streams
Tools: Jupyter notebooks, Git, Linux / command line
Mathematics: Statistics, probability, time-series analysis, optimization
Financial Knowledge: Derivatives pricing, market microstructure, risk metrics
Additional: Python / Rust coding capabilities
What We’re Looking For
Analytical Rigor: Ability to extract actionable insights from complex datasets
Attention to Detail: High vigilance on pricing accuracy and market quality metrics
Problem-Solving Mindset: Proactive, systematic approach to issue resolution
Communication Skills: Ability to explain technical concepts to diverse audiences
Adaptability: Comfort operating in fast-moving, 24/7 market environments
Collaboration: Strong team orientation across trading, quant, and engineering functions
You’ll Know You’re Winning When
Arbitrage strategies are developed and deployed based on funding and pricing inefficiencies in derivatives books
Market quality metrics (spreads, depth, pricing deviations) show consistent improvement
Pricing anomalies are detected early and resolved quickly
Quantitative insights directly influence trading and market making decisions
Hiring Process
Here’s what your journey with us looks like:
Application Review – We assess for skills, alignment, and intent
Recruiter Connect – A short conversation to understand you better
Functional Round(s) – Deep dive into your approach, craft, and problem-solving
Assignment / Simulation Round – Depends on Role
A take-home task or live problem-solving exercise to understand how you think and execute in real scenarios
Culture & Values Discussion – A conversation to understand our ways of working and how you thrive best
Founder Conversation (Optional) – For certain roles and senior levels, you may meet our founders to explore strategic alignment and long-term fit
Where We Work
We believe the best ideas emerge when people build together. Collaboration, speed and trust come alive when teams share the same space.
With this belief, we operate as a work-from-office organisation. This role is based out of our Bangalore office, where energy, alignment and innovation move in real time.
Perks That Empower You
We believe great people deserve great experiences.
Design Your Own Benefits: Flexible perks to match your lifestyle
Unlimited Wellness Leaves: Rest and recharge as you need
Mental Wellness Support: Access to therapy and wellness resources
Learning Sessions: Bi-weekly learning and growth opportunities
Ready to Build What’s Next?
If you’re looking for a role that gives you direct access to high-stakes decisions, deep impact and a chance to build the future of finance, this is it.
Join CoinDCX and help us make crypto accessible to every Indian, together.
