Risk Manager

Core Responsibilities

1. Margin Methodology & Oversight

• Own and optimize margin calculations across all supported modes, including Isolated, Cross, and Portfolio Margin.
• Develop and refine risk parameters (maintenance margin, initial margin, and haircut models) to ensure the exchange is robust against extreme market volatility.
• Conduct stress testing and back-testing on margin models to ensure they withstand "black swan" events.

2. Liquidation & Negative Equity Analysis

• Perform post-mortem analysis on trader liquidations to identify patterns of failure.
• Investigate cases of negative equity (socialized losses/ADL) to determine why margin was insufficient and recommend adjustments to the insurance fund or liquidation engine logic.

3. Product & Technical Collaboration

• Tech Liaison: Partner with the engineering team to design and build real-time Risk Dashboards that monitor exchange-wide health, leverage ratios, and margin utilization.
• Translate complex risk requirements into technical specifications for the development of automated risk-mitigation tools.

4. Trader Experience & Market Microstructure

• Collaborate with the Customer Experience (CX) team to investigate trader complaints regarding high slippage or liquidity constraints.
• Analyze order book depth and execution quality to understand how liquidity gaps contribute to liquidation cascades.

Qualifications & Skills

• Experience: 3–5 years in Risk Management, Quantitative Analysis, or Operations within a Crypto Exchange, FinTech, or Traditional Derivatives Clearinghouse (CCP).
• Deep Domain Knowledge: Strong grasp of perpetual swaps, futures, and the mechanics of auto-deleveraging (ADL).
• Technical Proficiency: Ability to work with SQL for data extraction and Python/R for quantitative modeling. Experience with BI tools (Tableau, Grafana, or Looker) is a plus.
• Problem Solving: A "detective" mindset—you enjoy digging into trade logs to find out exactly why a liquidation went wrong.
• Communication: Ability to explain complex margin mechanics to non-technical stakeholders and customers.

Benefits

• Collaborative remote work environment that allows you to have a work life balance.
• Growth framework that drives fast, continuous improvement
• Opportunity to learn and collaborate with the leadership team.
• Exciting team offsites and employee engagement activities.