Quantitative Developer - Risk

About Ellipsis Labs

Ellipsis Labs is a profitable, venture-backed New York-based startup building sustainable and efficient DeFi protocols on high-throughput decentralized infrastructure. Our long-term goal is to build a better financial system.

Our flagship product, Phoenix Perpetuals, brings professional-grade perpetual futures to Solana. Building on our experience developing efficient markets, Ellipsis Labs also operates SolFi, a proprietary automated market maker that provides efficient liquidity for key trading pairs. Our foundational product, Phoenix Legacy, is a limit order book on the Solana blockchain that established our expertise in operating high-performance markets. Combined, these products have facilitated over $285B in trading volume across Solana markets.

What You'll Do

• Maintain and improve the core on-chain margin engine and offchain risk services.
• Own and maintain risk parameters across our supported assets, ensuring they reflect current market conditions and platform risk tolerance.
• Support the end-to-end process of listing new assets, including scoping and implementing the unique risk considerations each asset requires.
• Design and build the risk framework for emerging asset classes.
• Build tooling and infrastructure that make risk management scalable.
• Independently scope and drive large, ambiguous projects from specification through production, partnering closely with trading, engineering, and research.

Who You Are

Required:

• A strong quantitative foundation (degree or equivalent experience in math, statistics, physics, engineering, computer science, or a related field) with demonstrated quant interest and aptitude, e.g., economic or financial modeling.
• Experience building and shipping production software, not solely research or analysis.
• Ability to make informed decisions independently and drive projects to completion with minimal oversight.
• A demonstrated track record of high agency, willingness to dive into unfamiliar technical and non-technical areas, and a team-first attitude.
• Passion for decentralized finance.

Preferred:

• 3+ years of relevant experience (quant trading, quantitative research, risk management, or software engineering with a strong quant bend); exceptional new graduates from top-tier programs will also be considered.
• Experience working with blockchain technology, specifically Solana.
• Background in quantitative or prop trading, particularly with derivatives, perpetual futures, or options.
• Familiarity with pre-IPO or private market funding structures.
• Proficiency in Rust.

Compensation

Compensation Range: $180K - $250K