Senior Manager - Market Making

5 - 7 years

0 Lacs

Posted:2 weeks ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

The CoinDCX journey: building tomorrow, today

At CoinDCX, we believe CHANGE STARTS TOGETHER. You are the driving force that will help us make Web3 accessible to all.In the last six years, we have skyrocketed from being India's first crypto unicorn to carrying a community of over 125 million with us. To continue maximising the adoption and acceleration of Web3, we are now focused on developing cutting-edge products, addressing accessibility and security challenges, and bridging the gap between people and Web3 technologies.While we go ahead and keep dominating the Web3 world, we would like to HODL you on our team! Join our team of passionate innovators who are breaking barriers and building the future of Web3. Together, we will make the complex simple, the inaccessible accessible, and the impossible possible.Boost your innovation to an ALL TIME HIGH with us!

Inside CoinDCX's Trade, Custody, and Business Operations Team

Our Operations team is an awesome group of collaborators, who love to solve first-of-its-kind problems with a lot of autonomy, creativity, and fun. We're on a journey of accelerating growth and establishing processes, with exciting opportunities to shape the future of VDA, Web3, and blockchain technology. At CoinDCX, you'll not only be at the forefront of innovation but also learn from the best while building the future of Web3. Coin your trust in us as we create magic together!

You need to be a HODLer of these

  • 5-7 years of experience in financial markets, with at least 3 years in crypto trading, exchange operations, or market making
  • Demonstrated experience in business development or relationship management with institutional trading firms
  • Strong understanding of order book mechanics, market microstructure, and liquidity dynamics
  • Experience working with derivatives products (futures, perpetuals, options) preferred
  • Prior exposure to crypto exchanges or trading platforms.

Technical Skills

  • Strong analytical skills with proficiency in Excel, SQL, or data analysis tools
  • Ability to interpret trading metrics and generate insights from market data
  • Basic understanding of trading APIs and exchange infrastructure
  • Familiarity with risk management concepts and frameworks

Knowledge and Competencies

  • Solid knowledge of crypto market structure and trading mechanisms
  • Understanding of Indian crypto regulatory environment
  • Strong negotiation and commercial skills
  • Excellent communication and stakeholder management abilities
  • Detail-oriented with ability to manage multiple priorities
  • Problem-solving mindset with proactive approach

Preferred Qualifications

  • MBA or relevant postgraduate degree from a recognized institution
  • Experience with Indian crypto exchanges or fintech platforms
  • Existing relationships within the crypto market making community
  • Background in traditional financial markets (equity, forex, derivatives)
  • Technical aptitude to collaborate effectively with engineering teams
  • Experience working in fast-paced, high-growth environments

You will be mining through these tasks

Market Maker Partnership Management

  • Source, evaluate, and onboard institutional market makers for derivatives and spot trading pairs
  • Execute incentive programs and pricing strategies to attract quality liquidity providers
  • Negotiate commercial agreements, fee structures, and performance-based incentives
  • Maintain an active pipeline of market making partners and evaluate new opportunities

Performance Monitoring and Analytics

  • Track and analyze key performance indicators (KPIs) for market makers including:
  • Bid-ask spreads and order book depth
  • Uptime and quote reliability
  • Execution quality and fill rates
  • Volume contributions and market presence
  • Implement performance dashboards and SLA monitoring systems
  • Conduct quarterly performance reviews and drive improvement plans with partners

Liquidity Cost Management

  • Analyze total liquidity costs across all trading pairs and identify optimization opportunities
  • Support the design of maker-taker fee structures that balance competitiveness with profitability
  • Monitor rebate programs and assess their impact on market quality
  • Generate reports on liquidity ROI and cost efficiency metrics

Order Book Development

  • Support the expansion strategy for adding new trading pairs to the proprietary order book
  • Coordinate with market makers to ensure adequate liquidity for new pair launches
  • Work with product and engineering teams on technical implementation of new pairs
  • Assist in developing launch plans that ensure smooth trading experiences

Stakeholder Engagement

  • Act as a key contact point for market making partners on operational matters
  • Build strong relationships with liquidity providers and maintain regular communication
  • Organize feedback sessions and address partner concerns promptly
  • Participate in industry events and networking opportunities with market makers

Are you the one Our missing block

  • You are knowledge-hungry when it comes to VDA and Web3, always eager to dive deeper and stay ahead in this evolving space.
  • The world of Web3 and VDA excites you, fueling your curiosity and driving you to explore new opportunities within this dynamic landscape.
  • You act like an owner, constantly striving for excellence, impact, and tangible results in everything you do.
  • You embrace a We over Me mindset, growing individually while fostering the growth of those around you.
  • Change is your catalyst, igniting your passion to build and innovate.
  • You think outside the box, unbound by limitations or doubt, always pushing the boundaries of what's possible.

Perks That Empower You

Our benefits are designed to make a lasting impact on your life, giving you the freedom to create a work-life balance that truly suits you.
  • Design Your Own Benefit: Tailor your perk package to fit your unique needs. Whether you're eyeing a new gadget or welcoming a furry friend into your life, our flexible benefits ensure that you can prioritize what matters most to you.
  • Unlimited Wellness Leaves: We believe in the power of well-being. Take the time you need to recharge, knowing that your health is our priority. With unlimited wellness leaves, you can return refreshed, ready to build and grow.
  • Mental Wellness Support: Your mental health is as important as your professional growth. Benefit from access to health experts, free counseling sessions, monthly wellness workshops, and regular team outings, all designed to help you stay balanced and connected.
  • Bi-Weekly Learning Sessions: These sessions are more than just updatesthey're opportunities to fuel your growth. Stay ahead with the latest industry knowledge, sharpen your skills, and accelerate your career in an ever-evolving landscape.

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