Delta Exchange
Quantitative Researcher - Pricing Model
Remote role where the employee must remain based in a particular country.
India only
Employer listed it 4 weeks ago · Added today
Been open since 4 weeks ago, still being checked, but it has been live a while.
Salary
Not stated
Location
India only
Timezone
APAC
Contract
Full-time
Experience
Mid
Category
Other
This employer didn't state pay. Jobs like this usually pay around $90k–$165k a year, a typical range taken from 262 mid-level other roles on Nomaders that do state pay. It's a guide, not an offer.
Remote flexibility
Work from home
This is a remote role, but the employee must be based in India. It is work from home rather than work from anywhere.
What the employer says
- Source listing states candidate location: "India, Remote"
What Nomaders makes of it
- Residency required in India
- Payroll and tax are likely handled in that country only
The quotes above are the employer's own words; the reading is ours. Always check the original listing and employment terms before working from another country.
About the role
Role Overview
We are looking for a Quantitative Analyst / Researcher to evaluate, test, and enhance our pricing models for plain vanilla perpetual swaps and options across crypto and equity tokens. You will stress-test model assumptions, evaluate risk under extreme market regimes, and build novel models from scratch. This role requires deep expertise in raw volatility pricing, proven model validation experience, and a first-principles approach to translating technical research into production-grade quantitative models.
Key Responsibilities
Model Development & Optimization
● Enhance Existing Models: Test, benchmark, and improve current pricing models for plain vanilla perps and options (crypto & equity tokens).
● Build from Scratch: Design and prototype novel mathematical models for new derivative instruments and tokenized structures.
● Test Core Assumptions: Deeply audit, challenge, and empirically test underlying model assumptions against live 24/7 market data.
Model Risk & Validation
● Validation & Governance: Perform end-to-end model validation, identifying edge cases, structural limitations, and failure points.
● Risk & Stress Testing: Evaluate model performance, greeks (delta, gamma, vega), and liquidity exposure under extreme market scenarios and tail-risk events.
Quantitative Research & Volatility
● Volatility Analytics: Calibrate and maintain raw volatility pricing, implied volatility surfaces, skew/smile dynamics, and funding rate models.
● Research Implementation: Read, critique, and implement cutting-edge technical/academic research papers to solve complex quantitative problems.
Requirements
● Derivatives & Volatility Expertise: Hands-on experience with derivatives pricing (options, perps), raw volatility modeling, and surface calibration. ● Model Validation Background: Strong track record in model risk, backtesting, and stress testing within quantitative finance or trading environments. ● First-Principles Mindset: Ability to deconstruct crypto market mechanics from first principles rather than relying strictly on legacy TradFi assumptions. ● Research Capability: Ability to quickly digest and code complex formulas from technical research papers. ● Technical Skills: Advanced proficiency in Python (NumPy, SciPy, Pandas) or C++ for quantitative prototyping and analysis. ● Education: Master’s or Ph.D. in Financial Engineering, Quantitative Finance, Mathematics, Physics, or a related field. ● Domain Knowledge: Strong understanding of crypto market microstructure, funding rates, and tokenized equity/RWA assets.
Benefits
What We Offer ● Collaborative remote work environment that allows you to have a work life balance. ● Growth framework that drives fast, continuous improvement ● Opportunity to learn and collaborate with the leadership team. ● Exciting team offsites and employee engagement activities. ● Competitive compensation and exposure to closely with teams.
Requirements
The employer hasn't listed requirements separately, they're described in the role summary above and on the original listing.
Benefits
No benefits package published with this listing. Ask about it at first interview.
How to apply
- 1Check the flexibility label above, work from home, matches where you plan to live and work.
- 2Tailor your CV to the role at Delta Exchange, mentioning your remote working experience and working hours (APAC).
- 3Apply directly on the employer's careers page using the button below. Nomaders never handles your application.
Found 15h ago. Last checked today. Always confirm the details on the original posting, salary and location can change after publication.
Listing sourced from Company boards.
Similar roles
Other open other roles with comparable remote rules.
Free to apply, no account needed.
Typically $90k to $165k per year · You'll be taken to the employer's careers page.