Decibel · 1 week ago
Head of Market Risk
United States
Full-time
Remote
Director/Executive
6+ years expDecibel is a high-performance, fully on-chain trading platform built in collaboration with Aptos Labs and the Decibel Foundation. The Head of Market Risk is a senior leadership role responsible for overseeing and enhancing the firm’s risk management framework across market, trading, and exchange operational risks, ensuring robust risk controls and real-time monitoring.
Financial Services
Responsibilities
Risk Engine & Framework: Continuously improve and manage the firm’s risk engine, ensuring accurate pricing, margin modeling, and liquidation mechanisms
Risk Modeling & Analysis: Develop and refine market risk models, including Value-at-Risk (VaR), stress testing, and scenario analysis
Risk Surface Assessment: Identify emerging risk exposures, assess business impact, and implement mitigation strategies
Stress & Sensitivity Testing: Collaborate with engineers to design and execute stress tests, scenario analyses, and sensitivity tests
Market Surveillance: Build and enhance real-time monitoring tools for liquidity risks, market manipulation, and abnormal liquidation events
Alerting & Emergency Protocols: Establish automated alerting systems and on-call response processes for risk-related emergencies
Documentation & Reporting: Maintain clear documentation of risk models, processes, and key risk vectors for internal and external stakeholders
Risk Controls & Interventions: Define and adjust max leverage, position limits, and maintenance margin ratios per market
Set open interest caps and evaluate collateral haircuts for multi-asset portfolios
Continuously validate model accuracy by comparing expected vs. actual outcomes
Evaluate and set collateral haircut ratios
Trader Collaboration: Work closely with traders to establish risk management policies, position limits, and margin requirements
Risk Dashboards & Alerts: Develop real-time risk dashboards and automated alerts for trading desk activities
Position & Margin Oversight: Monitor and manage the trading desk’s exposure, ensuring adherence to risk limits
Monitoring Tools: Partner with engineers to implement surveillance mechanisms for smart contract risks (e.g., large withdrawals, exploit detection)
DeFi Risk Assessment: Evaluate protocol-level risks in DeFi integrations and recommend safeguards
Emergency Protocols: Lead risk-related crisis management, including liquidation cascades, exchange outages, or market manipulation events
Post-Mortems & Prevention: Conduct thorough incident analyses and implement preventive measures to mitigate future risks
Qualification
Required
6+ years of experience in market risk roles at top-tier trading firms, exchanges, or investment banks
Experience in derivatives risk modeling, crypto markets, and financial engineering
Experience in options trading, index arbitrage, or volatility strategies
Strong foundation in statistics, probability, and financial modeling
Experience in derivatives pricing, risk modeling (VaR, Greeks, stress testing)
Programming skills (Python, or similar) for risk analytics and automation
Decisive under pressure with strong crisis management skills in high-stakes, volatile environments
Analytical and proactive in anticipating risks and implementing preemptive controls
Detail-oriented in risk assessment, documentation, and process improvement
Strong communicator who can clearly articulate risk strategies to technical and non-technical stakeholders
Collaborative and able to work effectively with traders, engineers, and executives
Resilient and able to maintain composure during extreme market conditions
Preferred
VP - MD level experience
Industry experience at crypto derivatives exchanges such as Binance, Bybit, OKX, dYdX, Deribit, BitMEX, Hyperliquid
Experience at traditional finance firms like Goldman Sachs, Morgan Stanley, JP Morgan, or prop trading firms like Jump Trading, Jane Street, DRW, Citadel
Experience at crypto hedge funds and market makers such as Wintermute, Cumberland, Amber Group, etc
Experience in fintech and DeFi risk roles at platforms like Robinhood, BlockFi, Aave, Compound, or similar
Company
Decibel
Decibel is the sound of trading, redefined.
0-1 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase