OTC Quantitative Analyst

About Kraken

Our mission is to accelerate the adoption of cryptocurrency so that you and the rest of the world can achieve financial freedom and inclusion. In our first decade, Kraken has risen to become one of the largest, most successful and respected crypto exchanges on the planet.

We are changing the way the world thinks about finance and our range of successful products are playing a critical role in the mainstream adoption of crypto assets. We continue to trail-blaze into new territory with the introduction of Kraken Bank, providing a more seamless integration between crypto and the traditional financial system. This makes us the first crypto company (ever) to be awarded a U.S. state banking charter.

Our diverse group of 2,000+ Krakenites are distributed all over the world as part of our ‘remote first’ culture, united by a shared passion for delighting customers, upholding crypto values and achieving our meaningful mission. We attract people who push themselves to improve, are radically transparent and think differently in order to unlock their potential.

Crypto is a rapidly evolving industry and we’re just getting started. We’re growing fast and you’re invited to join the revolution!

About the role

Kraken’s OTC desk is a market leader in one of the most innovative and fast growing industries in the world. We are known for our white-glove service, making markets to clients around the world 24/7. We have established ourselves as a dominant OTC desk for spot trading, have recently launched options, and are now expanding our capabilities into quantitative analytics and signals! As the lead OTC quantitative analyst, you will establish and manage our quant models and signals for spot and vol trading. You’ll have at your disposal tools and resources to build out the operation, and will be granted the autonomy to design and implement strategies accordingly.

Responsibilities

Design, implement and manage quantitative strategies for the OTC desk

Implement models for options risk management, volatility surfaces and greeks

Assist in portfolio risk management across a range of underliers and asset classes

Manage quantitative signals-based trading for spot and options, including volatility forecasting, relative value, mean-reversion and momentum strategies

Oversee alpha generation, backtesting and strategy implementation for spot trading

Design markout infrastructure for trading strategies

Understand market microstructure and implement logic and parameters for trading into and out of positions

Manage prioritization of quantitative projects and resources for OTC, working with various stakeholders throughout the organization

Requirements

5+ years experience in quantitative trading, high-frequency trading, stat arb and/or electronic trading

Experience implementing vol surfaces and greeks for an options portfolio

Experience with alpha generation and managing development of trading signals, preferably in cryptocurrency markets

Understanding of both electronic markets and voice / OTC trading, preferably with an understanding of cryptocurrency dynamics and market structure

Proficient in Scala / Python / Golang

Strong communication skills and ability to thrive in a fast-paced environment

Extremely strong appreciation for risk management and system safeguards

We’re powered by people from around the world with their own unique backgrounds and experiences. We value all Krakenites and their talents, contributions, and perspectives.

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