Are you ready to challenge your limits and make a significant impact in the world of finance?
At Coinbase, we are on a mission to enhance economic freedom globally, which involves pushing boundaries as we build the future financial system on blockchain technology. We are looking for candidates who are passionate about this mission and believe in the transformative potential of crypto and blockchain. If you're someone who thrives on high-pressure challenges and is eager to learn and grow, join us in this journey.
Our work environment is dynamic and demanding, designed for those who wish to collaborate with top-tier professionals and rise to the occasion. While many roles at Coinbase offer remote flexibility, we value in-person collaboration and host team retreats throughout the year to strengthen connections.
Role Overview:
As part of Coinbase's risk management organization, the Risk Quant team plays a vital role in developing quantitative models that assess and mitigate risks associated with our products. We seek a Senior Quantitative Researcher to spearhead the design of our next-generation Global Liquidation Engine.
In this pivotal position, you will not only manage risk but also build automated systems that protect our platform during extreme market conditions. You will create the algorithms that facilitate the liquidation of distressed portfolios across Spot and Derivatives globally, optimizing for overall risk reduction and market liquidity.
Key Responsibilities:
- Global Liquidation Engine Design:
- Optimal Liquidation Logic: Develop stochastic control models to find the best approach to unwinding distressed portfolios, balancing market risk and market impact.
- Global Optimization: Extend beyond individual liquidation to optimize risk at an aggregated level, managing multiple liquidations to reduce overall market impact.
- Execution Algorithms & Strategy:
- Crisis-Ready Algos: Create robust execution benchmarks for high-stress market conditions.
- Portfolio-Level Unwinds: Develop liquidation strategies based on risk sensitivities, ensuring effective management of various asset types.
- Default Waterfall Architecture:
- Design decision logic throughout the liquidation process, including open market liquidation and internal hedging strategies.
- Market Microstructure & Regulation:
- Liquidity Intelligence: Collaborate to monitor order market impact and order book dynamics.
- Regulatory Defense: Ensure compliance with regulatory standards by producing quantitative evidence to support execution decisions.
Qualifications:
- Education: Ph.D. or Master's in a quantitative field (Physics, Mathematics, Statistics, Financial Engineering, or Computer Science).
- Experience: 6+ years with a Ph.D., or 8+ years with a Master's in a relevant field, with industry experience in execution trading or risk management at leading financial institutions.
- Technical Expertise: In-depth knowledge of Almgren-Chriss frameworks, Order Book Dynamics, and Auction Theory.
- Coding & Engineering: Proficient in Python, with experience in deploying quantitative models in production.
- Soft Skills: Strong capability in leading cross-functional projects and conveying complex technical information effectively.
Preferred Qualifications:
- Hybrid Asset Class Experience: Experience with both Delta-One and Non-Linear products.
- Data Engineering: Familiarity with data pipeline technologies.
- Crypto Native: Understanding of crypto market structure nuances.
Salary Information: The target annual base salary for this position ranges from $207,485 to $244,100 USD, with additional bonuses, equity eligibility, and benefits included.
If you believe your background aligns with our needs, we encourage you to apply and join our mission to shape the future of finance.
Commitment to Equal Opportunity
Coinbase is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to any protected status.