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Head of Liquidity Management
Job Location:
Salary:
Experience Required:
Posted:
28 July 2026 (30+ days ago)
Posted:
Application Deadline:
25 October 2026
Application Deadline:
Vacancies:
1 Vacancy
Vacancies:
Job Summary
ACG3716JOB
Our client a leading company in financial services sector in Vietnam is looking for a qualified candidate to join their firm.
Liquidity Architecture and Capital Flow Management
- Design and operate the Companys end-to-end liquidity framework covering internal market-making activities external liquidity sourcing and capital flow coordination.
- Define and optimize the allocation of liquidity activities between the internal desk and external market makers across different trading pairs and market conditions.
- Work closely with the Treasury function to plan and manage capital flows particularly USD flows used to support liquidity operations.
- Develop operating mechanisms that address constraints affecting cryptocurrency transfers and foreign exchange flows ensuring stable and resilient liquidity provision.
- Monitor and continuously improve capital efficiency throughout the liquidity ecosystem.
External Market Making and Liquidity Partnerships
- Establish and manage relationships with external market makers and liquidity providers covering partner sourcing onboarding and ongoing performance monitoring.
- Negotiate and structure partnership arrangements including fee structures rebates volume commitments and service-level agreements relating to spreads market depth and uptime.
- Define and monitor market-quality KPIs for each trading pair including bid-ask spreads order-book depth at 1% and 2% slippage for standard transaction sizes such as USD 10000 and USD 100000 and fill ratios.
- Develop coordination mechanisms with external market makers under foreign exchange flow constraints particularly those involving USD to support effective position balancing.
- Coordinate with the Listing team to ensure that adequate liquidity is available before new tokens are listed.
- Determine when the internal desk should supplement external liquidity where external market makers fail to meet the required performance standards.
Internal Liquidity Desk
- Establish and lead the Internal Liquidity Desk including recruitment team structure development and oversight of daily operations.
- Take full responsibility for inventory management including capital allocation capital efficiency optimization cross-venue hedging and portfolio rebalancing.
- Implement delta-neutral and spread-capture strategies while maintaining directional exposure within approved limits and monitor and optimize profit and loss generated from market-making activities.
- Establish and maintain robust operational risk controls including position limits inventory-based exposure limits daily loss thresholds and risk mitigation measures for volatile market conditions.
- Develop and maintain stress-testing scenarios including flash crashes liquidity withdrawals and counterparty defaults and ensure that the desk is adequately prepared to respond effectively.
Market Quality Strategy and Standards
- Define liquidity standards for different asset tiers including Tier 1 assets such as BTC and ETH mid-cap assets and newly listed tokens covering minimum market depth maximum spreads and slippage targets.
- Analyze order flows user trading behavior and market microstructure to continuously improve execution quality.
- Develop and maintain real-time dashboards to monitor market-quality indicators across all trading pairs.
- Drive the Companys market-quality-led competitive strategy by positioning market quality as a core strategic consideration rather than solely an operational function.
Risk Management and Regulatory Compliance
- Establish and operate robust risk-control frameworks including inventory limits exposure limits and loss thresholds.
- Manage key risk exposures including inventory imbalances dependence on foreign exchange flows and risks associated with external market makers.
- Ensure that operations are conducted within Vietnams regulatory sandbox for digital assets and work closely with the Risk and Compliance functions to maintain full compliance with all applicable regulations.
- Ensure that the activities of the internal desk do not create concerns relating to market manipulation and work with the Compliance function to develop and implement market-surveillance policies.
- Contribute to the development of internal policies and procedures within a continuously evolving regulatory environment.
- Serve as the subject-matter expert in engagements with regulators and auditors particularly on matters relating to the Companys liquidity management and market quality.
Cross-Functional Collaboration
- Work with the Product and Matching Engine teams on decisions relating to order types latency requirements and execution logic that directly affect market quality.
- Collaborate with the Technology and Engineering teams to develop market-making tools and optimize latency and order routing.
- Coordinate with the Treasury function on the allocation of capital for the Internal Liquidity Desks inventory.
- Work with the Risk Security and Compliance functions on market surveillance wash-trading detection and regulatory reporting.
- Coordinate with the Listing team to ensure liquidity readiness before each new token listing.
Key Performance Indicators
- Average bid-ask spread across all active trading pairs.
- Order-book depth at 1% and 2% levels.
- Slippage for standard transaction sizes including USD 10000 and USD 100000 in notional value.
- Liquidity coverage ratio measured as the proportion of listed trading pairs that meet the defined market-quality standards.
- Capital efficiency of the Internal Liquidity Desk measured by profit and loss relative to the inventory capital deployed.
- Uptime and compliance with service-level agreements by external market makers.
Requirements
Experience
- At least 7 years of experience in market making liquidity provision or proprietary trading across cryptocurrency foreign exchange equities or derivatives.
- Proven experience establishing and leading a trading desk with full responsibility for people management profit and loss and operational risk.
- Candidates who have demonstrated the ability to build and scale a team from an early stage are strongly preferred.
- Hands-on experience working with external liquidity providers under partnership or contractual arrangements together with a strong understanding of how such relationships operate from both the provider and client perspectives.
- Experience working in regulated environments with a clear understanding of senior-level accountability within a compliance-driven setting.
Technical Expertise
- In-depth understanding of order book dynamics market microstructure and matching engine mechanisms.
- Practical experience in API-based trading and algorithmic execution.
- Strong expertise in delta-neutral strategies inventory management and cross-venue hedging.
- Ability to design interpret and clearly explain market quality metrics without relying solely on preconfigured dashboards.
- Leadership and Behavioral Competencies
- Demonstrated end-to-end ownership of results with direct accountability for market quality or trading desk performance and the resulting business impact.
- Strong ability to make prompt and well-informed decisions under uncertainty in line with the demands of real-time market environments.
- Proven ability to operate effectively in ambiguous and continuously evolving environments particularly within emerging regulatory frameworks where established precedents and standard operating models remain limited.
- Ability to influence and align cross-functional stakeholders without direct reporting authority working effectively with teams such as Listing Product and Compliance to achieve shared market quality objectives.
- Clear and effective communication skills across diverse stakeholder groups including senior management regulators and other non-trading audiences with the ability to explain objectives execution approaches and supporting rationale transparently.
Preferred Qualifications
- Experience building a liquidity framework from the ground up for a newly established exchange rather than taking over an existing operating model.
- An established network of leading market makers operating in Southeast Asia or international markets.
- Experience working within a regulated exchange or regulatory sandbox environment.
- Academic or professional background in a quantitative discipline or engineering.
Contact: Thao Phan
Due to the immense number of applicants only shortlisted candidates will be contacted.
