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CoinDesk · 10 hours ago

Manager, Financial Risk

New York, United States

Full-time

Onsite

Mid, Senior Level

$180K/yr - $225K/yr

6+ years exp

CoinDesk is the most trusted media, events, indices and data company for the global crypto economy. They are seeking an experienced Financial Risk Manager to provide critical support for US and non-US Exchange activity, driving the risk program development for their new US risk derivatives intermediation business while ensuring compliance with regulatory requirements.

BitcoinBlockchainCryptocurrencyNews

Responsibilities

Stress Testing & Default Fund: Execute daily and intra-day stress tests (e.g., historical, hypothetical, and extreme but plausible scenarios) across the Bullish clearing business to ensure the pre-funded financial resources (Cover 2) are adequate

Margin Validation: Assist in the ongoing independent review and validation of the Bullish margin models for crypto referenced derivative products. Propose adjustments to risk parameters and haircuts as market conditions evolve

Model Implementation: Work with Technology teams to ensure the Bullish risk measurement and control systems are accurately implemented and continuously function in compliance with regulatory requirements, guidelines and principles

Regulatory Reporting: Prepare analytical sections of periodic risk reports for the Board Risk Committee and external regulators

Program Ownership: Assume ownership of the Bullish derivatives Risk Management Program (RMP), for the intermediation business, ensuring full compliance

Credit & Market Limit Setting: Oversee the methodology for calculating and setting pre-trade credit and capital thresholds for Bullish customers, managing segregated accounts appropriately

Segregation & Liquidity: Monitor and report on Segregation Risk, specifically on any residual interest buffer in customer funds, and develop robust liquidity contingency plans

Risk Identification & Assessment: Proactively identify and evaluate potential financial risks, including market risk, credit risk, liquidity risk, operational risk, legal risk, and inflation risk. Analyze new products, processes, and market developments to determine their impact on risk exposure

Risk Mitigation & Control: Develop and implement risk management strategies, policies, and procedures to limit risk exposure

Monitoring & Reporting: Continuously monitor key risk indicators and financial markets. Prepare and present clear, detailed reports and presentations to senior management and regulatory bodies, including the quarterly risk exposure reports, outlining risk exposures, strategies, and recommended changes. Ensure timely communication of critical threats

Regulatory Compliance: Stay informed of evolving industry trends, regulatory changes, and economic developments. Ensure adherence to all relevant laws, regulations, and industry standards

Collaboration: Partner with various departments, including trading, engineering, and legal, to ensure effective risk management practices are integrated across the organization. Promote a strong, risk-aware culture throughout the company

Qualification

Financial Risk ManagementRegulatory ComplianceRisk Program DevelopmentMargin MethodologiesDigital Assets KnowledgeAnalytical SkillsFinancial ModelingCommunication SkillsLeadership AbilityProblem-Solving Skills

Required

Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field

6+ years of experience in financial risk management or a related role within the financial services or FinTech industry

Direct experience with central counterparty or clearing member risk

Hands-on experience with margin methodologies (e.g., portfolio margining, backtesting, stress testing)

Strong familiarity with the regulatory requirements governing US derivatives intermediaries

Strong analytical, mathematical, and quantitative skills

Proficiency in financial modeling, statistical analysis, and risk management software

Excellent written and verbal communication skills, with the ability to convey complex technical information to a wide range of stakeholders

Proven leadership ability and experience in strategic planning and implementation

Exceptional problem-solving skills and a methodical approach to work

Ability to thrive and make informed decisions under pressure in a high-volatility environment

Preferred

A Master's degree

Professional certifications such as Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA)

Experience with digital assets, cryptocurrency, or blockchain technology

In-depth understanding of digital assets and the cryptocurrency market, including trading mechanisms, liquidity management, and related regulatory frameworks