Derivatives Quantitative Developer

Company: Bitwise Investments
Location: New York
Posted on: February 4, 2025

Job Description:

New York, NY/Onsite /HybridIt's rare that a new asset class is born. Nevertheless, we're witnessing exactly that with the rise of crypto. Over just the last few years, crypto has evolved from an embryonic $50B market to a growing $3T+ juggernaut. At Bitwise, we believe that crypto has reached a turning point, and is headed north of $10T over the next few years.This is an exciting moment for Bitwise as a firm. For seven years, we have established a track record of excellence managing a broad suite of index and active solutions across ETFs, separately managed accounts, private funds, staking solutions, and hedge fund strategies. This year, we crossed $12B in client assets and are growing quickly. Thousands of financial advisors, family offices, and institutional investors partner with Bitwise to understand and access the opportunities in crypto. We are known for providing unparalleled client support through expert research and commentary, a nationwide client team of crypto specialists, and deep access to the crypto ecosystem.Currently, Bitwise is a close-knit team of 90+ professionals. Think of us as a mix of an asset manager and a tech start-up. We're backed by some of the most accomplished investors in venture capital and veterans of the financial services world. We love working together, we love what we do, and we're excited about what's ahead.We're looking for an exceptional individual to join our team and take on important responsibilities to help Bitwise scale. You will report to the Head of Alpha Strategies and will be responsible for ongoing support on a wide range of projects. You will also collaborate closely with internal teams to optimize the client experience.What You Will Do

• Build, trade and optimize the portfolio management of derivatives-focused crypto and crypto-equities products through quantitative analysis that identifies various inefficiencies in global capital market activities.
• Develop and enhance analytical tools with a primary focus on crypto volatility trading, focusing on alpha generation, statistical analysis, model implementation, portfolio construction, execution, and trade analysis. (Past experience with portfolio construction and implementation research is a plus.)
• Analyze portfolio characteristics, attribute performance drivers, and design portfolio implementation analytics and risk management.
• Leverage various third-party vendors and partners to build robust internal systems for high-performance historical simulation/backtesting capabilities.
• Assist in writing and publishing content across relevant topics, including quantitative/systematic trading strategies.
• Contribute to Bitwise's product strategy growth in actively managed solutions and drive risk systems adoption across our engineering team.Who You Are
  • Excellent quantitative skills, as evidenced by formal training in statistics, applied mathematics, operations research, economics, computer science, physics, or related quantitative fields. Previous crypto experience is a plus.
  • Strong technical skills with expertise in Python (or another programming language) and SQL. You should be comfortable with modern data science tools (Jupyter, Pandas, Numpy, etc.) and with basic software development methodologies: version control systems, working on the command line, debugging, etc. Familiarity with BI tooling such as Tableau is helpful.
  • Strong experience with databases is required, as well as an understanding of the data available in the investment management industry and experience in managing and accessing such data to support research and trading efforts.
  • 3-5+ years of work experience with working knowledge of basic options math. Bloomberg API familiarity is a plus.
  • Effective communication skills, both written and verbal. Ability to build relationships with other teams to support investment and research processes.
  • Ability to manage uncertainty and exercise strong decision-making skills even with sometimes incomplete information.
  • Ability to work efficiently and multi-task effectively in a fast-paced and team-oriented environment. This will include end-to-end research project work from data gathering to hypothesis testing and model implementation.What We Offer
    • Compensation: $150,000 - $200,000 salary + bonus + equity
    • Equity compensation as a component of all offers
    • Health insurance, including dental and vision plans
    • Health, Dependent Care, and Commuter Flexible Spending Accounts
    • Paid Parental Leave
    • Life insurance; short- and long-term disability plans
    • Unlimited PTO
    • Company funded 401(k) plan, no matching required
    • 10 paid company-wide holidays
    • Office spaces in San Francisco and New York
    • Meals and snacks provided in the office
    • Paid company cell phone
    • Bitwise "Buddy" program (30-day new-hire success program)
    • Annual birthday and anniversary gifts
    • Company-wide events including the annual holiday party
    • Internal Women of Bitwise group with fun events$150,000 - $200,000 a yearBitwise is an equal opportunity employer. We are committed to building a team of people with a variety of backgrounds, perspectives, and skills. It is the policy of Bitwise to ensure equal opportunity. All candidates are considered without regard to race, color, religion, national origin, age, sex, sexual orientation, gender identity, marital status, ancestry, physical or mental disability, veteran status, or any other legally protected characteristics.
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Keywords: Bitwise Investments, Passaic , Derivatives Quantitative Developer, IT / Software / Systems , New York, New Jersey