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Quant Bookrunner - Analyst/Associate - Job Opportunity at Galaxy Digital Services

Hong Kong, HK
Full-time
Mid-level
Posted: June 29, 2025
On-site
USD 120,000 - 180,000 per year plus significant discretionary bonus potential ranging from 50-150% of base salary based on performance and market conditions

Benefits

Competitive base salary with performance-based discretionary bonus structure that aligns compensation with market performance and individual contribution
Comprehensive paid time off policy that exceeds industry standards for work-life balance in high-intensity trading environments
Full company-sponsored health and protective benefits coverage extending to employee dependents, providing financial security for families
Access to virtual wellness coaching through Headspace platform, addressing mental health needs critical in high-stress trading roles
Daily in-office meal provisions that facilitate networking and reduce operational overhead for employees
Professional development opportunities in cryptocurrency industry, positioning employees at the forefront of digital asset evolution
Collaborative work environment with entrepreneurial colleagues offering accelerated learning and career advancement

Key Responsibilities

Drive revenue generation through active management of cryptocurrency trading books across diverse digital asset markets, directly impacting company profitability through strategic pricing optimization and real-time inventory management
Implement comprehensive risk management strategies ensuring balanced exposure across multiple trading venues while maintaining optimal order flow to maximize market opportunities
Lead cross-functional collaboration with quantitative researchers and engineers to enhance execution algorithms and trading strategies, contributing to competitive advantage in algorithmic trading
Spearhead strategy development initiatives including post-trade analysis and model calibration processes that improve risk-adjusted returns and overall portfolio performance
Execute critical decision-making during volatile market conditions while maintaining systematic escalation protocols to protect company assets and capitalize on market opportunities

Requirements

Education

Bachelor's or Master's degree in a quantitative field such as Mathematics, Quantitative Finance, Computer Science, Engineering, or a related discipline

Experience

Prior experience with crypto trading platforms, APIs, or scripting tools is strongly preferred

Required Skills

High attention to detail with a disciplined, methodical approach to process and risk Strong mental arithmetic, superior analytical abilities, and an interest in digital assets and financial products Comfortable working in a fast-paced, high-performance trading environment Exceptional communication and interpersonal skills Experience in trading, market making, or bookrunning Knowledge of crypto assets and their microstructure
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Sauge AI Market Intelligence

Industry Trends

The cryptocurrency market is experiencing institutional adoption acceleration, with traditional financial institutions increasingly integrating digital assets into their portfolios, creating unprecedented demand for sophisticated trading infrastructure and experienced quantitative professionals who can navigate both traditional finance principles and crypto-native market dynamics. Regulatory clarity is emerging across major financial centers including Hong Kong, which has positioned itself as a crypto-friendly jurisdiction, leading to increased institutional trading activity and the need for compliant, sophisticated market-making operations that can operate within evolving regulatory frameworks. Algorithmic trading in cryptocurrency markets is becoming increasingly sophisticated, with firms investing heavily in quantitative talent and technology infrastructure to capture alpha in markets that operate 24/7 across global venues, requiring professionals who can manage complex, real-time trading operations.

Role Significance

Typically operates within a team of 8-15 trading professionals including quantitative researchers, engineers, and senior traders, with direct collaboration responsibilities across multiple functional areas
This is a mid-level position with significant autonomous decision-making authority and direct P&L responsibility, positioning the role as a critical contributor to the firm's trading operations with clear pathways to senior trader or portfolio manager responsibilities

Key Projects

Development and implementation of market-making algorithms for emerging cryptocurrency pairs and DeFi tokens Risk management system optimization for multi-venue cryptocurrency trading operations Post-trade analysis initiatives to improve execution quality and reduce market impact costs Integration of new trading venues and liquidity sources into existing algorithmic trading infrastructure

Success Factors

Ability to maintain composure and execute precise decision-making during extreme market volatility, as cryptocurrency markets can experience significant price movements within minutes, requiring split-second risk assessment and position management capabilities Deep understanding of market microstructure across both centralized and decentralized cryptocurrency exchanges, including order book dynamics, liquidity patterns, and cross-venue arbitrage opportunities that drive trading profitability Strong quantitative modeling skills combined with practical trading intuition, enabling the development of robust algorithms that can adapt to changing market conditions while maintaining consistent risk-adjusted returns Exceptional communication skills for cross-functional collaboration with technical teams, as successful algorithm development requires clear translation of trading concepts into technical specifications and ongoing refinement based on market feedback

Market Demand

Very high demand driven by rapid expansion of institutional cryptocurrency trading and limited supply of professionals with both quantitative finance expertise and crypto market experience

Important Skills

Critical Skills

Quantitative analysis and mathematical modeling capabilities are essential as cryptocurrency markets require sophisticated risk management and pricing models to navigate extreme volatility and complex market dynamics across multiple venues and asset types Real-time decision-making under pressure is crucial as cryptocurrency markets operate continuously without traditional market hours, requiring professionals who can maintain consistent performance during extended periods of high-stress trading conditions Programming and API integration skills are fundamental as cryptocurrency trading relies heavily on automated systems and direct exchange integration, requiring professionals who can understand and optimize algorithmic trading infrastructure

Beneficial Skills

Understanding of blockchain technology and cryptocurrency protocols provides competitive advantage in identifying new trading opportunities and assessing fundamental value drivers across different digital asset categories Experience with traditional derivatives and structured products translates well to cryptocurrency derivatives markets, which are experiencing rapid growth and increasing sophistication Knowledge of regulatory frameworks across multiple jurisdictions becomes increasingly valuable as institutional cryptocurrency trading requires compliance with evolving regulations in different markets

Unique Aspects

This role offers exposure to both traditional quantitative finance principles and cutting-edge cryptocurrency market dynamics, providing unique professional development opportunities in an emerging asset class with significant growth potential
The position involves managing trading operations across both centralized exchanges and decentralized finance protocols, requiring expertise in traditional order book mechanics as well as automated market maker systems and liquidity mining strategies
Galaxy Digital's institutional focus means exposure to sophisticated clients and complex trading strategies, offering accelerated learning opportunities and potential for significant compensation growth tied to the firm's expansion in the institutional cryptocurrency space

Career Growth

Progression to senior roles typically occurs within 2-4 years based on performance and market expertise development, with accelerated advancement possible due to rapid industry growth and talent scarcity

Potential Next Roles

Senior Quantitative Trader with expanded portfolio responsibility and team leadership duties Portfolio Manager overseeing multiple trading strategies and junior staff Head of Cryptocurrency Trading for regional operations Quantitative Researcher focusing on strategy development and risk modeling

Company Overview

Galaxy Digital Services

Galaxy Digital Services operates as a subsidiary of Galaxy Digital Holdings, one of the largest and most established cryptocurrency investment firms globally, providing comprehensive digital asset financial services including trading, asset management, and investment banking services to institutional clients

Positioned as a tier-one institutional cryptocurrency services provider with significant market presence and regulatory compliance across multiple jurisdictions, competing directly with traditional investment banks and specialized crypto trading firms
Hong Kong operations serve as the Asian headquarters for Galaxy Digital's institutional services, capitalizing on the region's favorable regulatory environment and proximity to major Asian cryptocurrency markets and institutional investors
Fast-paced, performance-driven environment that combines the entrepreneurial energy of a cryptocurrency-native firm with the professional standards and risk management practices of traditional institutional finance, emphasizing innovation and rapid adaptation to market changes
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