Assistant Manager – Markets Onsite, Full Time NEW

ID: 1505 | 1-3 yrs | Bangalore | careers
Role Summary

We are seeking an Assistant Manager – Markets (Market Making) to join our Markets team at CoinDCX.

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 management, derivatives pricing oversight, market maker performance monitoring, and quantitative analysis of order books to improve spreads, depth, and pricing integrity.

This is a hands-on role working closely with trading, market makers, 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 liquidity and competitiveness across market conditions
Analyze historical spread and depth data to identify improvement opportunities
Develop systematic, data-driven approaches to enhance market quality
Manage market maker KPIs, onboarding, and ongoing performance
Operate and optimize the market maker program, including incentive structures

2) Derivatives Pricing Oversight

Monitor and manage price deviations between derivatives contracts and their mark / index prices
Track and analyze pricing differentials between CoinDCX derivatives and global benchmark exchanges
Investigate pricing anomalies and coordinate with trading, market making, and engineering teams for rapid resolution
Ensure pricing integrity and minimize basis and manipulation risk across derivatives markets

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 maker effectiveness
Perform statistical analysis on:
Order book dynamics
Pricing deviations
Market microstructure behavior
Support data-driven decision-making for liquidity, pricing, and market structure improvements

4) Cross-Functional Collaboration

Work closely with Trading, Product, Engineering, and Market Making teams
Partner with Engineering to implement:
Monitoring tools
Automated alerts
Systematic pricing and market quality improvements
Communicate insights 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 a related quantitative field
1–3 years of experience in:
Market making
Quantitative trading
Market surveillance (crypto or traditional derivatives preferred)
Strong understanding of:
Market microstructure
Order book dynamics
Derivatives pricing principles
Proficiency in Python (pandas, numpy, scipy) for analysis and automation
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 such as Tableau, Grafana, or similar

Technical Skills

Programming: Python (required), SQL (required)
Tools: Jupyter notebooks, Git, Linux / command line
Mathematics: Statistics, probability, time-series analysis
Financial Knowledge: Derivatives pricing, market microstructure, liquidity and risk metrics

What We’re Looking For

Analytical Rigor: Ability to derive actionable insights from complex market data
Attention to Detail: High vigilance on pricing accuracy and market quality metrics
Problem-Solving Mindset: Proactive, systematic approach to issue identification and resolution
Communication Skills: Ability to explain technical concepts to both technical and non-technical stakeholders
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

Market quality metrics (spreads, depth, pricing deviations) show consistent improvement
Pricing anomalies are detected early and resolved quickly
Market maker performance and liquidity contribution improve measurably
Data-driven insights directly influence trading and market structure decisions

Hiring Process

Here’s what your journey with us looks like:

Application Review – Skills, experience, and role alignment
Recruiter Connect – Introductory discussion
Functional Round(s) – Deep dive into markets knowledge and problem-solving
Assignment / Simulation (role dependent) – Practical market or data exercise
Culture & Values Discussion – Ways of working and team alignment

Where We Work

We believe the best ideas emerge when people build together. Collaboration, speed, and trust thrive when teams share the same space.

This role is based out of our Bangalore office, operating in a work-from-office setup.

Perks That Empower You

Competitive compensation with performance-linked incentives
Exposure to high-volume trading operations and professional market makers
Collaborative environment with traders, quants, and engineers
Continuous learning and professional development opportunities

Tagged as: assistant manager - markets, bangalore