Senior Backend Engineer (Market Making)

Who are we?

FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and 
cutting-edge technology, FalconX addresses the industry's foremost challenges: Navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever-
evolving cryptocurrency landscape.

What is the team role within Falcon X?

The quant team at FalconX is divided into 3 verticals:

• Services: which consists on complex pricing and risk management methodologies, together with execution build for our OTC desks

• Options MM: consists mainly of Market Making derivatives, either as a service or for profit as business owners.

• D1 Team: consists of quantitative traders that provide Market Making services to the firm, and own discretionary risk specifically for linear products.

Impact

At FalconX, you’ll help make crypto assets a successful asset class. Some of the largest financial institutions from Wall Street to Silicon Valley and around the world will turn to you for the best market prices and insights on the crypto industry. You will become the expert on crypto industry trends and market movements. With your experience, you will shape our company’s trading strategies according to our core values - speed, transparency and trust.

As a Senior Backend Engineer on the Market Making team you’ll:

As a Senior Backend Engineer focused on our Market Making team, you will be at the heart of developing and enhancing systems that provide critical insights and tools for growing this rapidly scaling business. You will work closely with cross-functional teams to deliver robust, scalable, and user-friendly applications.

• Partner with the market making team to build the backend infrastructure for pricing and risk management methodologies for complex and new products

• Develop fundamental models in support of the three verticals of the team.

• Promote strong collaboration within a cross functional team, including design, product management, traders, quants and trade operations

• Solve technical problems of high scope and complexity

• Be involved in some of the most innovative products within the industry, like correlation exotics, missing data vol pricing, etc.

Job requirements

• An advanced degree in Computer Science, Mathematics or related field.

• Proficiency in Python and preferably a low level language and basics of a UI framework.

• Familiarity with distributed systems.

• Familiarity with Derivative Products and Risk management frameworks.

• Strong understanding of data structures, algorithms, and design patterns.

• Strong problem solving skills

• Strong communication skills and collaborative mindset with detail-oriented approach to operations

• Ability to move quickly and adapt to a fast moving environment

• Comfort working in a highly agile, intensively iterative software development process.

• Desire to work in an early stage product startups

Bonus Criteria

• Experience with exotic products

• Experience managing risk

• Experience with numerical methods and optimization

• Experience with React

Notice at Collection and Privacy Policy

Applicants located in California and/or applying to a role based in California, please refer to our Notice at Collection and Privacy Policy here.

Inclusivity Statement

FalconX is committed to building a diverse, inclusive, equitable, and safe workspace for all people. Our roles are intended for people from all walks of life. We encourage all those interested in applying to our organization to submit an application regardless if you are missing some of the listed background requirements, skills, or experiences!

As part of our commitment to inclusivity, FalconX would like to acknowledge that the EEOC survey has limited potential responses that you can select. For legal reasons, FalconX must use this language to align with federal requirements, however, we want to ensure that you are able to provide a response to our own voluntary survey questions about your identity that best aligns with your most true self.

FalconX is an equal opportunity employer and will not discriminate against an applicant or employee based on race, color, religion, national origin, ancestry, ethnicity, sex (including gender, pregnancy, sexual orientation, and gender identity), age, physical or mental disability, veteran or military status, genetic information, citizenship, or any other legally-recognized protected basis under federal, state, or local law.

Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and other applicable state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on FalconX. Please inform FalconX’s People team at [email protected], if you need assistance with participating in the application process.