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Quantitative Analyst

Quantitative Analyst

VALRJohannesburg, Gauteng, South Africa
6 days ago
Job description

Join to apply for the Quantitative Analyst role at VALR .

About Us

VALR is Africa's largest crypto exchange by trade volume, founded in 2018 and headquartered in Johannesburg, South Africa. Serving over 1 million users globally, including 1,100 corporate and institutional clients, we’re licensed by the Financial Sector Conduct Authority (FSCA) in South Africa, with additional approvals to offer services in Europe and initial approval from Dubai's VARA. VALR distinguishes itself with a customer‑first philosophy, delivering secure, transparent, and innovative solutions for both professional and retail traders.

Job Description

Our vision is to create a world where finance unites rather than divides. Our name, derived from the word "valour", symbolises our commitment to universal values of courage, ethical integrity, and the intrinsic worth of every human being. At our core, we’re a values‑driven exchange, dedicated to building a financial ecosystem that serves all of humanity, simplifying the complex world of crypto and blockchain to make it accessible for everyone.

Job Requirements

  • Bachelor’s or Master's degree in finance, economics, financial risk management, or a related field.
  • Extensive experience (typically 6+ years) in financial risk management, preferably within the financial services or cryptocurrency industry.
  • Strong knowledge of cryptocurrency markets, trading platforms, and blockchain technology.
  • Proficiency in risk assessment methodologies, risk modelling techniques, and risk mitigation strategies.
  • Strong understanding of operational, financial, and compliance risk associated with cryptocurrency trading and investments.
  • Deep understanding of derivatives products (i.e., futures, spot margin trading, options) and the cryptocurrency industry.
  • Major in Mathematics, Financial Engineering, Finance, Physics, Data Sciences or other related STEM. Holder of FRM, CFA or other related certificates are preferred.
  • 3+ years of relevant experience in risk management, quantitative trading or research work within the crypto derivatives industry is highly preferred but not a requirement.
  • Good coding skills, familiarity with big data processing and analysis such as Hive(SQL), Python, and ability to build quantitative models from large, complex datasets and visualize data.
  • Strong quantitative, analytical and problem‑solving skills, with ability to work flexibly and remotely in a challenging and constantly changing environment.
  • Ability to deliver high quality work on tight deadlines and be comfortable working in the constantly evolving crypto industry.
  • Proactive, curious, self‑motivated, quick to learn, with effective communication, writing, and presentation skills, and capable of working well as part of a team.
  • Due to the dynamic nature of the cryptocurrency industry, you may be required to flexibly work after‑hours or on some weekends should the need arise.

Job Responsibilities

  • Understand the needs of a crypto exchange with respect to liquidity on central limit order books.
  • Provide direct input into trading strategies to add liquidity to VALR trading pairs in a manner that balances inventory while generating a return.
  • Iterate and refine trade strategies to ensure our trade operations remain competitive and profit‑generating.
  • Take learnings and apply strategies to other exchanges and decentralised venues.
  • Conduct comprehensive risk assessment to identify potential risks relating to trade operations.
  • Conduct scenario modelling for specific strategies as well as for macroeconomic and market stress situations.
  • Stay updated on industry trends, regulatory changes, and emerging risks that could impact the exchange specifically in relation to trading operations across spot and derivatives.
  • Develop and implement risk mitigation strategies and controls to minimise the exchange’s exposure to identified risks.
  • Establish and monitor key risk indicators (KRIs) and thresholds to detect early warning signs of potential risks.
  • Work closely with trade and operations teams to ensure the effectiveness of risk mitigation measures and control frameworks.
  • Prepare and present reports to senior management and the board of directors, highlighting key risks, trends, and recommendations for risk mitigation.
  • Foster effective communication and collaboration with stakeholders across the organisation.
  • Monitor risk exposures and perform regular risk assessments to ensure risk appetite and tolerance levels are maintained.
  • Conduct timely risk analysis on positions through quantitative models and other statistical methods, including scenario analysis and stress tests to identify and monitor risks.
  • Identify existing and potential risk events that may cause serious loss to the exchange and propose solutions to mitigate the risks.
  • Build and improve risk indicators for automated monitoring purposes including real‑time alerts, daily and weekly reports.
  • Job Benefits

  • Innovative Work Environment
  • Engage with the latest blockchain technologies and tools in a rapidly evolving industry.

  • Work from anywhere with secure, stable internet connectivity, allowing you to create your ideal workspace.
  • Career Development
  • Benefit from an annual professional development allowance alongside scheduled company training sessions to keep you at the forefront of the crypto industry.

  • Competitive Compensation
  • Competitive salaries that align with industry standards.

  • When you contribute to our success, you’ll be rewarded with discretionary bonuses, recognising your impact on VALR’s growth.
  • Receive preferential Tier 5 trading fees on VALR, with no monthly trading volume required.
  • Diversity and Inclusion
  • A commitment to fostering a diverse workforce with initiatives that promote equity and belonging.

  • Wellness
  • Employees are encouraged to strive for coherent and wholesome lives, fulfilling their work, personal, social, physical and spiritual goals to the best of their abilities.

  • Compliance with statutory leave required by individual countries, in addition to flexible leave options.
  • Impact and Contribution
  • At VALR, we believe in a financial system that recognises the oneness of humanity. Our mission is to break down financial barriers and promote universal values of courage, ethical integrity, and the intrinsic worth of every individual.

  • Engage in initiatives that promote education and awareness about cryptocurrencies, ensuring that everyone has the tools and knowledge to participate in the evolving financial landscape.
  • Dynamic Team Culture
  • Open communication and teamwork across departments, fostering innovation and creativity.

  • Enjoy social gatherings outside of work to strengthen team bonds and boost morale.
  • Global Exposure
  • Work with colleagues from around the world.

  • Exposure to diverse perspectives and practices in the crypto space.
  • Recognition and Rewards
  • Regular acknowledgement of employee accomplishments, fostering a culture of appreciation and motivation.

  • Join us for retreats that blend professional development with team bonding in inspiring locations.
  • Tools for Success
  • Receive a Mac laptop and a discretionary allowance to purchase all the extras needed for a productive home office—yours to keep after three years (terms and conditions apply).

    Seniority Level

    Mid‑Senior level

    Employment type

    Full‑time

    Job function

    Other

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