Derivatives Operations

Full-time

Hong Kong

Exchange BG

Key Responsibilities

1. Build-Out of OTC Options Platform (Core Responsibility)

  • Act as the business owner for the OTC options business and drive the end-to-end launch of the OTC options RFQ platform from 0 to 1
  • Define options clearing, settlement workflows, and product matrix

2. Daily Operations for Options & Futures Business

  • Lead futures and options product evaluation, testing, and launch processes; define core contract parameters including leverage, funding rates, liquidation logic, and margin frameworks
  • Manage LP relationships and quotation quality by establishing LP onboarding standards and continuous evaluation mechanisms to optimize quote quality and LP composition
  • Maintain system parameters such as index price, mark price, and margin tiers to ensure futures order book stability
  • Monitor volatility, position concentration, funding rates, basis, OTC options open interest exposure, and counterparty credit exposure; execute contingency procedures when necessary
  • Continuously optimize operational workflows and collaborate closely with product, risk, and compliance teams

Requirements

  • Bachelor’s degree or above, preferably in Finance, Engineering, Mathematics, or related disciplines
  • Minimum 5 years of experience in derivatives trading, operations, or risk management, including at least 3 years in crypto or exchange derivatives operations
  • Hands-on experience in OTC derivatives businesses such as OTC options, block trading, or RFQ workflows is highly preferred
  • Strong understanding of futures and options contract structures, options pricing models, Greeks, and margin systems
  • Solid understanding of the full OTC RFQ lifecycle
  • Fluent in Mandarin and English
  • Location: Shenzhen / Hong Kong

Preferred Qualifications

  • Background in exchanges, market making firms, or derivatives product management
  • Familiarity with system logic and parameter structures of OKX, Bybit, Binance, or CME
  • Experience operating crypto OTC options RFQ platforms such as Paradigm or Deribit Block RFQ
  • Prior experience with OTC market makers / dealers such as GSR, B2C2, Wintermute, Galaxy Digital, Amber, or Matrixport
  • Experience in middle/back-office OTC derivatives operations within traditional investment banks is a plus

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