Backend Engineer

13 Minutes ago • All levels

Backend Development

Job Description

FalconX is a pioneering team revolutionizing institutional access to crypto markets, operating at the intersection of traditional finance and cutting-edge technology. The quant team, divided into Services, Options MM, and D1 Team, addresses market complexities. As a Backend Engineer on the Market Making team, you will develop and enhance systems for critical insights and tools, partnering to build backend infrastructure for pricing and risk management of complex products, and developing fundamental models.

Good To Have:

Experience with exotic products
Experience managing risk
Experience with numerical methods and optimization
Experience with React

Must Have:

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.
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

Add these skills to join the top 1% applicants for this job

cross-functional

communication

risk-management

design-patterns

data-structures

game-texts

agile-development

react

python

algorithms

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 Backend Engineer on the Market Making team you’ll:

As a 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