Your mission

As a software engineer within Bitpanda’s Trade Hub, you will help design, build and scale the core systems that power our trading ecosystem end-to-end — from pricing, execution and portfolio lifecycle, to asset infrastructure, hedging and prime services. You will work on highly available, low-latency and financially critical back-end services that handle order flow, market data, risk, balances, assets and exposure management at scale. Your work will directly impact how customers trade, how liquidity is managed, how portfolios are valued, and how Bitpanda operates safely and efficiently across markets. You will collaborate closely with product, quantitative, risk and trading stakeholders to deliver resilient, high-performance systems that form the backbone of our trading platform.

As a bonus, you get work on new age tech projects, tackling architectural and conceptual challenges, integrating with 3rd party vendors and interface and collaborate with many other Engineers and teams within Bitpanda.

What you’ll do

• Design and develop scalable, resilient, message-driven services using Java
• Write clean and future proof code with 80% unit test test coverage, end to end and integration testing before deploying into event driven microservices architecture
• Optimise payment modules/services to ensure reliability, maintainability, performance and scalability using tools like 
• Drive innovation by researching and adopting the latest trends and technologies in backend development, ensuring our applications remain cutting-edge.

Who you are

• Knowledge and experience of software development using modern frameworks such as Spring Boot, with Java as your main programming language
• Understanding of relational and non-relational databases (bonus points for experience with Postgres and MongoDB)
• Experience creating and maintaining publicly available REST APIs with a keen understanding of performance optimisation and scalability
• Practical knowledge in using message-oriented middleware as we’re working with event driven microservices (ideally Apache Kafka or ZeroMQ)
• Understanding of CI/CD: familiarity with AWS and Kubernetes is ideal but any public cloud experience is fine

**We offer a comprehensive relocation package to support candidates who are moving to join our team. Our goal is to make your transition as smooth as possible, and we provide assistance throughout the whole process.

ABOUT THE ROLE

We are seeking a motivated and detail-oriented individual to join our Compliance team and contribute to our growth.  This is an exciting opportunity to join a fast-growing hedge fund with a highly collaborative culture.  This individual will work directly with the General Counsel to develop and implement compliance policies and procedures.

PRIMARY RESPONSIBILITIES – COMPLIANCE ANALYST

• Assist the General Counsel with the development, implementation and maintenance of global legal and compliance policies and procedures
• Manage compliance task deadlines
• Administer the firm’s Code of Ethics (gift/entertainment requests, conflict disclosures, political contributions, etc.), track certifications and maintain compliance logs
• Assist with employee and firm trade surveillance
• Review marketing materials
• Track investor subscriptions and redemptions
• Manage the counterparty and vendor diligence process
• Coordinate with various departments on regulatory filings (SEC, CFTC/NFA, etc.)
• Assist with NFA Self-Exam and SEC Annual Review

REQUIRED QUALIFICATIONS

• Bachelor’s degree
• 1-3 years of compliance experience at an SEC registered investment adviser
• General knowledge of CFTC and SEC regulatory framework
• Outstanding attention to detail
• Team player
• Ability to work in a fast-paced, dynamic environment

Benefits

• Minimum Base Salary: 55,000 EUR
• Benefits: Lunch vouchers, annual public transport subscription with Wiener Linien or the equivalent contribution toward the Klimaticket

CONTACT: careers@massarcapital.com

Your mission

Join our Group Risk Management Team as a Financial Risk Manager, focusing on the identification, assessment, and monitoring of credit, liquidity, and market risk. In this role, you will sit at the intersection of Traditional Finance (TradFi) and digital assets, acting as the primary risk owner for our Real Stocks and Commodities products, and leading the risk oversight for future securities-related launches.

Reporting to the FRM Lead, you will be responsible for operating and optimizing Bitpanda’s Financial Risk Management (FRM) models. You will use your quantitative background and traditional market expertise to provide data-driven risk assessments, acting as a key advisor to our business and trading operations.

What you'll do 

• Serve as the dedicated risk owner for TradFi asset classes, specifically Real Stocks, ETFs, and Commodities.
• Develop, maintain, and optimize FRM models to establish risk limits and monitor global exposure across our multi-asset platform.
• Analyze and mitigate complex cross-asset risks, including the management of liquidity drag between T+2 TradFi settlement cycles and 24/7 crypto operations.
• Advise product and business owners on risk identification and mitigation strategies, providing the quantitative analysis required for executive-level decision-making.
• Act as the main point of contact for Bitpanda’s operational teams and trading desk, ensuring risk frameworks are integrated efficiently alongside fast-paced product delivery.

Who you are

• Strong professional background in traditional financial markets (Stocks, ETFs, Commodities), with a clear understanding of market structures, settlement cycles, and traditional risk dynamics.
• Advanced Python programming skills for developing and maintaining risk models, paired with a working knowledge of SQL for data manipulation.
• Previous experience in risk management within a brokerage, investment bank, or scaling fintech, with a core focus on market, credit, or liquidity risk.
• Direct experience building or managing risk frameworks for Margin Trading or leveraged stock products is highly desirable.
• Ability to work autonomously in a fast-paced environment and take end-to-end ownership of complex quantitative tasks.

ROLE OVERVIEW

Quantitative Engineer

We are seeking a Quantitative Engineer to help build and enhance our research infrastructure and improve our existing suite of models. The ideal candidate is a mid-level engineer with extensive software development experience in a highly data-driven industry such as finance, technology, or machine learning. The ability to collaborate across teams and support multiple projects is essential.

RESPONSIBILITIES

• Design scalable systems to support Massar’s quantitative research program.
• Develop high-performance platforms for quantitative research.
• Write comprehensive documentation and conduct code reviews.
• Promote and uphold firm-wide best coding practices.

REQUIREMENTS

• Degree in computer science or a related field.
• Development experience with AWS or other cloud providers.
• 2+ years of Python experience, including proficiency with libraries such as NumPy, Pandas, PyTorch and TensorFlow.
• Excellent communication skills, self-starter, quick learner, positive attitude, and team player
• Experience in at least one of the following areas:
• Econometrics, factor analyses, or automated trading.
• Weather data modeling.
• Machine learning techniques, such as neural networks.
• Robotics and/or sensor networks.
• Other high-dimensional, computationally intensive data problems. 

COMPENSATION

The all-inclusive salary for this position STARTS at EUR 95.000,00. Competitive and performance-based compensation package, depending upon qualifications.

Your mission

As a senior engineer within Bitpanda’s Trade Hub, you will help design, build and scale the core systems that power our trading ecosystem end-to-end — from pricing, execution and portfolio lifecycle, to asset infrastructure, hedging and prime services. You will work on highly available, low-latency and financially critical back-end services that handle order flow, market data, risk, balances, assets and exposure management at scale. Your work will directly impact how customers trade, how liquidity is managed, how portfolios are valued, and how Bitpanda operates safely and efficiently across markets. You will collaborate closely with product, quantitative, risk and trading stakeholders to deliver resilient, high-performance systems that form the backbone of our trading platform.

What you’ll do

• Design and develop scalable, resilient, message-driven services using Java
• Write clean and future proof code with 80% unit test test coverage, end to end and integration testing before deploying into event driven microservices architecture
• Optimise payment modules/services to ensure reliability, maintainability, performance and scalability 
• Drive innovation by researching and adopting the latest trends and technologies in backend development, ensuring our applications remain cutting-edge
• Be a technical mentor for junior developers, providing guidance and support to help them grow and excel in their careers

Who you are

• Advanced knowledge and experience of software development using modern frameworks such as Spring Boot, with Java as your main programming language
• Good understanding of relational and non-relational databases (bonus points for experience with Postgres and MongoDB)
• Experience creating and maintaining publicly available REST APIs with a keen understanding of performance optimisation and scalability
• Practical knowledge in using message-oriented middleware as we’re working with event driven microservices (ideally Apache Kafka or ZeroMQ)
• Good understanding of CI/CD: familiarity with AWS and Kubernetes is ideal but any public cloud experience is fine

**We offer a comprehensive relocation package to support candidates who are moving to join our team. Our goal is to make your transition as smooth as possible, and we provide assistance throughout the whole process.

ROLE OVERVIEW

Quantitative Commodity Researcher | Vienna, Austria 

We are seeking an experienced Quantitative Commodity Researcher to research predictive models and improve our existing suite of models. The ideal candidate will be a mid-to-senior level professional with previous experience in quantitative modeling. Experience working with commodity markets is required. Prior experience leading a team of researchers is a plus.

RESPONSIBILITIES

• Research and analyze market data to identify patterns and opportunities.
• Develop, evaluate, and enhance existing quantitative models.
• Collaborate with traders and other researchers to refine the models.

REQUIREMENTS

• Graduate degree in computer science, mathematics, physics, engineering, or a related quantitative field from a top university.
• Proficiency in Python, MATLAB, or R.
• Strong understanding of commodity markets.
• Excellent communication skills, a self-starter mentality, and the ability to quickly learn and adapt.
• Strong analytical skills, a team-oriented mindset, and a positive attitude.
• Management experience is a plus.

COMPENSATION

The all-inclusive salary for this position STARTS at EUR 95.000,00. Competitive and performance-based compensation package, depending upon qualifications. 

ROLE OVERVIEW

Quantitative Volatility Researcher | Vienna, Austria 

We are seeking a Quantitative Researcher specializing in Volatility to research alphas and improve our existing suite of models. The role involves building and testing volatility strategies, creating analytical and risk management tools, conducting in-depth market analysis, and collaborating closely with team members on research and portfolio risk. The ideal candidate is a mid-level professional with 2+ years of experience in volatility research and quantitative modeling. While candidates with experience across all underlying asset classes will be considered, there is a particular interest in equity or commodity volatility. Strong communication skills are essential, as the role involves daily interaction with both team members and senior management.

RESPONSIBILITIES

• Research and analyze volatility data to identify trading opportunities.
• Develop, deploy, and monitor quantitative models used in financial markets.
• Evaluate and enhance the performance of existing quantitative models.
• Generate and explore new research ideas.
• Promote and uphold firm-wide best coding practices.

REQUIREMENTS

• Graduate degree in computer science, mathematics, physics, engineering, finance, economics or a related quantitative field from a top university.
• Proficiency in Python or another comparable programming language.
• Strong understanding of financial markets, with specific exposure to volatility strategies.
• Excellent communication skills, with a self-starter mindset, eagerness to learn, and a collaborative spirit.
• Strong analytical and problem-solving skills.

COMPENSATION

The all-inclusive salary for this position STARTS at EUR 95.000,00. Competitive and performance-based compensation package, depending upon qualifications. 

ROLE OVERVIEW

Student Analyst | Vienna, Austria 

The Student Analyst rotational program provides an excellent opportunity for an individual with strong quantitative and qualitative skills to gain experience working with various teams at a hedge fund. Student analysts will be able to participate in informal social events and have ample opportunity to ask questions and learn about trading and the financial markets. Full-time potential exists after graduation.

RESPONSIBILITIES

• Work with the Data Engineering team to design and implement scalable processes and tools to extract and clean datasets
• Work with the Risk team to build tools to visualize risk metrics
• Work with the Execution Trading team to create tools that improve trading efficiency and reduce costs
• Work with the Research Team to perform exploratory data analysis to understand relationships and opportunities in the global markets

REQUIREMENTS

• Currently pursuing or recently completed a Bachelor’s, Master’s or PhD degree with a top grade
• Strong general programming background with experience coding in Python, and/or C++
• Familiarity with the mechanics of securities markets and exchanges is a plus but not required
• Be able to succinctly present recommendations at an executive level
• Strong analytic and strategic thinking skills

COMPENSATION

Student (MSc/Phd) salary 20h/w (per month, 14 payments): 1,964€

ROLE OVERVIEW

Quantitative Researcher | Vienna, Austria

We are seeking an experienced Quantitative Researcher to research predictive models and improve our existing suite of models. The ideal candidate will be a mid-to-senior level professional with previous experience in quantitative modeling. Experience working with futures or equity markets is required. Prior experience leading a team of researchers is a plus.

RESPONSIBILITIES

• Research and analyze market data to identify patterns and opportunities.
• Develop, evaluate, and enhance existing quantitative models.
• Collaborate with traders and other researchers to refine the models.

REQUIREMENTS

• Graduate degree in computer science, mathematics, physics, engineering, or a related quantitative field from a top university.
• Proficiency in Python, MATLAB, or R.
• Strong understanding of futures markets.
• Excellent communication skills, a self-starter mentality, and the ability to quickly learn and adapt.
• Strong analytical skills, a team-oriented mindset, and a positive attitude.
• Management experience is a plus.

COMPENSATION

The all-inclusive salary for this position STARTS at EUR 95.000,00. Competitive and performance-based compensation package, depending upon qualifications. 

DESCRIPTION

Massar Capital Management (“Massar”) is an alternative investment management company founded in 2015, managing over $1.6bn in AUM as of May 2024. Massar employs a discretionary global macro trading strategy that seeks to capture investment opportunities across liquid commodity, foreign exchange, fixed income, and equity markets. Massar currently has offices in the United States and Europe.

ROLE OVERVIEW 

Corporate Accountant | Vienna, Austria

We are seeking an Accountant to join Massar’s Finance team in Vienna to support the finance and accounting operations of Massar's management company and its related entities across multiple jurisdictions. The successful candidate will be responsible for day-to-day accounting functions, month-end close, and reporting, while working with the Director of Finance, Controllers, Tax Advisors and multiple external vendors.

PRIMARY RESPONSIBILITIES

• Support the monthly close for the management company in the US and the affiliate entity in Austria, working closely with the Controller and the Director of Finance
• Prepare budgets and financial projections for the US and European entities and present them to management
• Supervise workflow in the corporate spend management platform
• Administer the firm’s credit card program, including review and categorization of credit card transactions
• Collaborate with the Fund Accounting team to track and allocate research and trading-related transactions
• Manage the accounts payable function and payment processing
• Reconcile intercompany activity
• Perform bank and credit card reconciliation
• Liaise with service providers and support tax filings and regulatory reviews
• Ad hoc projects to further optimize processes

DESIRED SKILLS AND EXPERIENCE

• Bachelor’s degree in Accounting, Finance, or related field
• 3-5 Years of experience
• Strong Excel skills required
• Strong understanding of both cash and accrual basis of accounting
• Understanding of expense allocation
• Strong communication skills
• Ability to manage multiple priorities in a fast-paced environment
• Experience with accounting systems (Quickbooks, QBO, NetSuite) a plus but not a requirement

The minimum salary for this position is 55,000 EUR annually. 

Role Overview

The successful Software Engineer will have a passion not only for developing quantitate applications but also have a passion for building out front-end applications and working with large, financial datasets. Frequent interaction with quants, and senior management will be required so communication and collaboration skills are essential. The ideal candidate will be a mid-level professional.

Requirements

• 3+ years development experience in enterprise class software solutions
• 2+ years working with C++
• Strong object-oriented design skills
• Hands-on experience with data-intensive applications that incorporate large datasets and multiple data sources
• Experience with test- driven development
• Experience working in Unix/Linux environments, practical experience in debugging
• Familiarity with mathematically intensive applications such as statistics, time series analysis, and optimization
• Practical exposure to python, in both system and application-level development
• Familiar with python data science modules
• Team player and able to work under pressure and tight schedule
• Strong communications and interpersonal skills

In addition, preference will be given to candidates with:

• 2+ years of software development experience in finance and/or investment management industry
• Advanced degree in a quantitative discipline (math, statistics, physics, computer science, financial engineering, etc.) or finance/economics
• Hands on experience with large, financial databases (Reuters, MarketQA, Capital IQ, etc.)
• Practical data modeling and database design experience
• Familiarity with concurrent systems optimizing response time
• Working knowledge of basic statistical and econometric methods
• Working experience analyzing large financial datasets using statistical tools (Python, Matlab, C++)

Additional Information

• Location : Vienna, Austria
• Start date : Flexible
• Wage : Competitive (Minimum annual gross salary : 95,000 EUR plus bonus)

ROLE OVERVIEW

Metals Analyst | Vienna, Austria

We are seeking a Metals Analyst to research fundamental supply and demand drivers in base and precious metals markets. The ideal candidate will be a junior to mid-level professional with previous experience in metals. Experience working with commodity markets is a plus but not a requirement. Prior exposure to coding and data analysis is a plus.

RESPONSIBILITIES

• Conduct in-depth fundamental analysis of metals markets (e.g., copper, aluminum, gold, etc.), including global supply/demand dynamics, mining/production trends, inventories, and trade flows.
• Build and maintain detailed supply/demand models, price forecasts, and scenario analyses to generate actionable trade ideas.
• Collaborate with traders and other researchers to refine the models.

REQUIREMENTS

• Graduate degree in metallurgy, materials sciences and engineering, production engineering or a related field from a top university.
• Strong understanding of commodity markets.
• Excellent quantitative and modeling skills (Excel advanced; Python/R/SQL a plus).
• Excellent communication skills, a self-starter mentality, and the ability to quickly learn and adapt.
• Ability to work in a fast-paced environment with strong attention to detail.

COMPENSATION

The all-inclusive salary for this position STARTS at EUR 95.000,00. Competitive and performance-based compensation package, depending upon qualifications.