Codex is a stablecoin infrastructure company. Our mission is to fulfill the oldest and most ambitious dream in crypto: a universal electronic cash system.
THE ROLE
We’re looking for a Single-Threaded Leader to build and lead our OTC desk from the ground up. You’ll own the full lifecycle: quoting trades, managing counterparty relationships, designing risk frameworks, and bringing liquidity to the venue. This is a rare opportunity to shape the FX layer of the stablecoin economy at an early stage. You will:
- Execute trades in stablecoin and fiat across venues, internal order book, OTC, and client flows
- Manage inventory, hedging, and risk exposure to maintain balanced books and capital efficiency
- Design, propose, and refine quoting / pricing strategies, spreads, and slippage controls
- Monitor liquidity, order flow, and market depth across exchanges, counterparties, and OTC markets
- Build and maintain dashboards, real-time analytics, metrics (e.g. P&L, inventory drift, slippage, fees)
- Perform backtesting, scenario analyses, stress tests, and “what if” simulations to validate strategy robustness
- Work with engineering / quant / devops to automate trading, risk monitoring, alerting, and fail-safe mechanisms
- Participate in client‑facing interventions (especially for institutional / OTC flows) — interpret client requests, offer quotes, and provide market commentary
- Support operations / settlement / reconciliation: ensuring trades are settled, funds are reconciled, edge cases are handled
- Keep abreast of macro / regulatory / on‑chain / stablecoin developments that may affect execution or risk
WHAT YOU SHOULD HAVE
- 5+ years of trading experience (crypto, FX, stablecoin) — prior execution, market making, or OTC trading experience is a plus
- Demonstrable track record of managing P&L or contributing to trading desk performance
- Strong understanding of market microstructure, order book dynamics, liquidity, slippage, spreads, and exchange mechanics
- Experience in trade operations, including settlement, reconciliation, and post-trade processes.
- Highly analytical mindset, attention to detail, ability to work under pressure and make decisions quickly
- Good communication skills (to liaise with engineers, clients, operations)
- Strong risk awareness and orientation, disciplined about limits, drawdown control, and stress scenarios
WHY YOU SHOULD BE EXCITED
- The trad FX market is massive. The stablecoin FX market is poised to redefine global finance by moving trillions in currency flows on-chain, with instant, borderless, programmable settlement.
- The space is nascent and there is no clear winner.
- We have unique partnerships and affiliations that give us a right to win.
WHAT WE OFFER
- Ability to work remotely
- Interesting and challenging work
- Competitive salary and equity with token upside
- Health, dental, and vision insurance (US)
- Regular team events and off-sites
APPLY
Send your resume and other info to [email protected].