Quant Desk Lead and Portfolio Manager

About the Role

Join EMCD as a Quant Desk Lead and Portfolio Manager, where you'll have the unique opportunity to spearhead our systematic quant desk across multiple funds. This role is pivotal in shaping our trading strategies and driving performance in the dynamic world of crypto derivatives. If you thrive in a fast-paced environment and are ready to take full ownership of a quant desk, this could be your chance to make a significant impact.

What You'll Do

• Lead and manage the quant desk, overseeing the book across both funds and ensuring alignment with risk policies
• Own the P&L, including position sizing, execution, hedging, leverage, and exposure management
• Research, build, test, and deploy systematic trading strategies, transitioning them from research to live trading in weeks rather than quarters
• Oversee the entire research platform: from data ingestion and backtesting to execution and live risk monitoring
• Set standards for realistic backtesting, taking into account trading fees, funding, slippage, fills, turnover, and capacity
• Determine the optimal strategies for statistical arbitrage, deciding which to bring live or replace
• Provide weekly performance, risk, and attribution reports to the CIO and Risk Manager

What We're Looking For

• Proven track record managing market-neutral, long-short, or statistical arbitrage strategies with real capital
• Extensive experience in systematic trading, with a focus on code-based strategies rather than discretionary or long-only approaches
• Strong understanding of crypto derivatives, including perpetual futures, funding dynamics, liquidation risks, and margin requirements
• Proficiency in Python for production-level applications, demonstrating a full-stack approach from data management to execution
• A rigorous validation discipline, including out-of-sample testing and the ability to assess trading edges against real-world constraints like turnover and fees
• Comfort in being the sole owner of the quant desk initially, capable of thriving without a dedicated research team

What we offer:

• Existing infrastructure: multi-exchange data pipelines, historical data, signal library, backtesting engine, execution and monitoring on Google Cloud
• Licensed fund structure with independent monthly NAV and independent Risk Manager
• Self-custody through an MPC wallet
• Short decision chain and a fast route from strategy production to live capital

Compensation:

The role combines a competitive fixed component with direct participation in the performance of the book:

• Fixed compensation
• The PM receives 20% of P&L above an 11% annual hurdle, after the desk's own costs
• The incentive is subject to a high-water mark and loss carry-forward, aligning compensation with sustained rather than one-period performance
• 50% of the performance award is paid on determination, with the remaining 50% deferred for twelve months and subject to clawback