Vice President/Director, Exotic Derivatives Trader

About the role

Galaxy is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. We believe that blockchain and digital asset innovation will transform how value moves through the world - and we're building the products and services to make that future a reality. Our institutional digital assets platform spans trading, investment banking, asset management, staking, self-custody, and tokenization technology. We also invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, addressing the growing demand for scalable energy and compute in the U.S. We work at the intersection of finance and technology, helping institutions, startups, and developers navigate a digitally native economy. Led by CEO and Founder Michael Novogratz, our team blends deep crypto expertise with institutional experience and a shared commitment to shaping the future of Web3 and AI. Galaxy is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. To learn more about our businesses and products, visit www.galaxy.com. What We Value: We are a diverse team of free thinkers, and fast movers united to help investors and creators energize the global economy. We are looking for individuals who thrive in a culture of builders and overachievers and embrace high performance, transparent feedback, and a mission-first approach. Our culture shapes our way of working and gets us where we want to be. Seek Excellence. Be Selective To Be Effective. Be Highly Aligned, Loosely Coupled. Disagree Transparently. Encourage Independent Decision-Making. Build Dream Teams.

Responsibilities

• Work on the OTC Derivatives Desk, pricing and executing complex structured crypto products
• Own end-to-end trade lifecycle: pricing, execution, hedging, and ongoing risk management of OTC flows
• Monitor and manage Greeks and volatility exposures across a live book, coordinating risk coverage with the global team
• Build and maintain pricing tools and models, ensuring consistency with market-observable volatility surfaces
• Conduct daily risk reporting and P&L attribution
• Partner with the Head of Franchise Trading and the Quant-Dev organization to expand the model library and broaden the firm's exotic product shelf
• Collaborate with the structuring and sales teams to design and deliver tailored solutions for institutional clients
• Stay current on crypto markets, macro developments, and evolving narratives across digital assets

Requirements

• We are looking for a trader to join our team in the Hong Kong office. The ideal candidate will work alongside the global team in managing firmwide risk and have a strong background and interest in crypto markets.
• 5+ years of experience on an exotic derivatives desk at a bank, hedge fund, or crypto-native trading firm
• Deep expertise quoting and risk-managing exotic options: European barriers, accumulators/decumulators, and autocallables
• Strong hands-on familiarity with mixed volatility models (e.g., local-stochastic vol, Heston, SABR) and their practical application to pricing and hedging
• Background in FX or equity exotic derivatives, with the ability to apply that experience to crypto underlyings
• Advanced degree (Master's or PhD) in Mathematics, Physics, Financial Engineering, or a related quantitative field
• Institutional-grade execution experience and a rigorous, process-driven approach to risk
• Business English required; native Mandarin or Cantonese is a plus
• Bonus Points:
• Structuring experience - ability to work directly with clients to design bespoke payoff structures
• Experience with crypto options markets or digital asset derivatives
• Prior OTC trading or crypto market-making background
• Interest in, or active participation in, the crypto ecosystem

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