Head of Market Making & Hedging — Prediction Markets

Employment Type: Full-time

Workplace Type: Remote

Location: Global Remote; meaningful overlap with Asia working hours required

About OmenX

OmenX is building a trading-first prediction market focused on short-duration opportunities across crypto, global financial assets, live sports and esports.

We are hiring a hands-on Head of Market Making & Hedging to own our internal liquidity operation across pricing, quoting, inventory, external hedging, capital allocation and risk management.

This is not a research-only or coordination-only position. The successful candidate will personally drive live trading decisions, production systems and PnL while building the function and team around them.

Responsibilities

• Own market-making strategy and PnL across OmenX markets

• Develop probability-pricing models for binary and event-based contracts

• Convert fair value into executable bid/ask prices, spread, depth and order size

• Design inventory skew, position limits, capital allocation and terminal-loss controls

• Build and operate external hedging strategies across spot, perpetuals, options and related markets

• Manage short-duration risks, including nonlinear exposure near settlement

• Establish market onboarding, liquidity-tiering, degradation, close-only and kill-switch rules

• Automate liquidity management across a growing number of markets and asset classes

• Monitor quote quality, fill behavior, post-trade markout, hedge execution and unexplained PnL

• Own daily reconciliation across internal trades, external hedges, fees and settlement

• Lead production incident response and define safe restart and capital-expansion conditions

• Work directly with product and engineering to turn trading requirements into production systems

• Build and lead a small quantitative trading and market-making team while remaining hands-on

Required Qualifications

• 5+ years of professional experience in quantitative trading, market making or systematic derivatives trading

• Hands-on experience operating live strategies with direct responsibility for capital, risk and PnL

• Strong knowledge of crypto market structure, CEX/DEX liquidity and derivatives

• Experience with prediction markets, binary contracts, event contracts or closely related payoff structures

• Practical understanding of pricing, quoting, inventory management and external hedging

• Experience designing or operating production trading systems, not only research or backtesting environments

• Ability to distinguish model risk, execution risk, hedge risk and settlement risk

• Proficiency in Python, C++, Rust or another production trading language

• Professional Mandarin communication skills for direct collaboration with our product and engineering teams

• Working proficiency in English AND Chinese

• Ability to operate effectively in a remote environment and respond during material market or system incidents

Preferred Qualifications

• Experience operating liquidity across a large number of markets or trading pairs

• Experience with options pricing, volatility modelling or intraday equity products

• Experience building internal market-making systems for an exchange or trading platform

• Experience with high-frequency data, order management systems and real-time risk infrastructure

• Experience launching and managing liquidity for new or thinly traded assets

• Experience managing quantitative traders and trading-system engineers

• Familiarity with sports, election or other event-driven markets

What Success Looks Like

• Reliable and competitive liquidity across OmenX’s core markets

• Clearly attributable market-making and hedging PnL

• Controlled inventory and worst-case settlement exposure

• Measurable quote quality, hedge execution and capital efficiency

• Safe expansion from a limited number of markets to a scalable multi-asset operation

• Clear operating procedures for market stress, data failure, hedge failure and system recovery

What We Offer

• Full ownership of a core trading function

• Direct influence over product, market structure and risk architecture

• The opportunity to build a new category of short-duration prediction trading

• Competitive cash compensation with potential equity and token incentives

• A remote and globally distributed working environment

How to Apply

Please apply with your résumé and a brief note covering:

1. The live markets and strategies you have personally operated
2. The approximate capital, PnL or liquidity metrics you directly owned
3. One production pricing, quoting, hedging or risk system you personally designed or built
4. Your Mandarin proficiency, location and available working hours