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Bullish · 6 days ago

Manager, Financial Risk

New York, United States

Full-time

Onsite

Mid, Senior Level

$180K/yr - $225K/yr

6+ years exp

Bullish is an institutionally focused global digital asset platform seeking an experienced Financial Risk Manager. This role will support the Director of Financial Risk in managing risk for both US and non-US Exchange activity while ensuring compliance with regulatory requirements.

BlockchainCryptocurrencyFinancial Services

Responsibilities

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

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

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

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

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

Oversee the methodology for calculating and setting pre-trade credit and capital thresholds for Bullish customers, managing segregated accounts appropriately

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

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

Develop and implement risk management strategies, policies, and procedures to limit risk exposure

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

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

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 ComplianceMargin MethodologiesDigital Assets KnowledgeFinancial ModelingAnalytical SkillsQuantitative SkillsCommunication SkillsLeadership SkillsProblem-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 is strongly preferred

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

Experience with digital assets, cryptocurrency, or blockchain technology is preferred

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