Job Application for Head of Financial Logic & Product Innovation at Bybit

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About Us

Established in 2018, Bybit is one of the world’s leading cryptocurrency exchanges and digital financial platforms, serving over 80 million users across more than 200 countries and regions. Powered by world-class technology and a user-first mindset, Bybit delivers a seamless ecosystem across trading, payments, wealth management, custody, institutional services, and Web3 — connecting users to the future of digital finance.

Our core values define how we build. We listen, care and improve to create products and experiences that put users first. Backed by a global team of ambitious builders, problem-solvers, and innovators, we foster a high-performance and fast-moving environment where talent is empowered to drive real impact at the global scale. Supported by 24/7 multilingual customer service and a strong commitment to innovation, we are shaping the future of finance through technology, collaboration, and bold execution.

Today, Bybit is recognized as one of the most trusted and transparent platforms in the digital asset industry, continuing to expand its global presence while building the infrastructure for the next generation of financial services.

About the Role

We are looking for a seasoned financial engineering and product innovation leader to build and lead our Financial Logic & Product Innovation (FL) team within DBU. This role sits at the intersection of quantitative finance, derivatives product design, and crypto-native innovation. You will own the financial models that power our trading platform and drive the creation of next-generation financial products.

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Key Responsibilities

Financial Logic Ownership

Own and optimize core financial formulas across the platform: funding rates, index prices, mark prices, liquidation engines, margin models (UTA/cross-margin), insurance fund mechanics, and settlement logic
Identify and resolve edge cases, parameter inefficiencies, and risk-reward imbalances in existing financial models
Collaborate with Risk to support risk index development and financial logic optimization projects

Product Innovation

Independently research and propose new financial products (derivatives, structured products, hybrid instruments) beyond the current roadmap
Conduct competitive analysis, market microstructure research, and user behavior analysis to identify product opportunities
Translate product concepts into rigorous financial specifications ready for engineering implementation

Team Leadership

Build, mentor, and manage a team of financial engineers and product researchers (currently 4, growing)
Set clear goals, delivery timelines, and quality standards for the team
Foster a culture of self-driven research, intellectual curiosity, and data-informed decision making

Cross-functional Collaboration

Work closely with Trading Products to translate market needs into financial models
Provide BTE (exchange engineering) with precise formula specs, test cases, and validation criteria
Partner with Trading Ops on real-time parameter tuning and anomaly investigation

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Requirements

Must-have:

8+ years in quantitative finance, financial engineering, derivatives product design, or related fields
Deep understanding of derivatives pricing, risk models, margin systems, and market microstructure
Solid experience in both crypto exchanges and traditional financial exchanges (TradFi)
Proven track record of designing and shipping financial products
Strong intrinsic motivation to create and launch innovative financial products that don't yet exist in the market
Strong mathematical and analytical skills; comfortable with stochastic calculus, numerical methods, and statistical modeling
Experience leading and growing a technical team (4+ direct reports)
Ability to independently produce research and proposals — not just execute on a given roadmap
Excellent communication skills; able to distill complex financial concepts for cross-functional stakeholders

Nice-to-have:

Bilingual (English + Mandarin) — team operates across English and Chinese-speaking contexts
Programming proficiency (Python, SQL, or similar) for data analysis, backtesting, and prototyping financial models
Hands-on trading experience (personal or professional)
Familiarity with exchange systems: order matching, liquidation, funding mechanisms
Background in quant trading, market making, or derivatives structuring at a top-tier firm
Advanced degree (MSc/PhD) in Financial Engineering, Mathematics, Physics, or related quantitative field

Why Join Us
At Bybit, we are committed to fostering a supportive and enriching work environment.
Our benefits include:
- Study Growth Fund: We support your professional development and continuous learning.
- Internal Events: Participate in regular team-building activities, workshops, and events designed to promote collaboration and innovation.
- Global Collaboration: Be part of a diverse, international team, working alongside colleagues from around the world.
- Career Advancement: Access opportunities for growth and advancement within a rapidly expanding global company.
- Internal Mobility: Grow with us- Your long-term development is important to us. We offer internal job opportunities to help build your career path.

Head of Financial Logic & Product Innovation

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