Associate - Quant

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 formarket 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 ahands-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.