# Quantitative Researcher - Pricing Model

**Company:** [Delta Exchange](http://jobs.workable.com/companies/jKC28Cknr2vYKDeDjCDCA4.md)
**Location:** Remote
**Workplace:** remote
**Employment type:** Full-time

[Apply for this job](http://jobs.workable.com/view/7d3a8dee-19e8-47fe-8546-9a189eeed865)

## Description

**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.