Senior Associate – Market Risk

CoinDCX; Bengaluru; On-site; INR 1,500,000 - 2,500,000; Full time

Benefits offered by this job

Design Your Own Benefits

Unlimited Wellness Leaves

Mental Wellness Support

Learning Sessions

Job summary

CoinDCX, India’s first crypto unicorn, is seeking a Market Risk professional in Bengaluru. This role entails building dashboards, executing monitoring, and analyzing market events to strengthen risk measurement and governance processes. Ideal candidates should have 3-6 years of market risk experience and strong analytical capabilities related to derivatives and liquidity management.

Join CoinDCX to drive high-impact innovation in the crypto landscape and help make crypto accessible to every Indian.

Qualifications

• 3–6 years of experience in market risk or similar roles in crypto.
• Good understanding of derivatives mechanics.
• Strong market microstructure intuition.
• Hands-on comfort with risk analytics.

Responsibilities

• Conduct risk measurement and monitoring.
• Build and maintain core risk views such as VaR.
• Monitor volatility and identify changes in risk posture.
• Support implementation of risk limits across exposures.

Skills

Experience in market risk

Understanding derivatives mechanics

Strong Excel skills

Ability to communicate risk observations

Tools

SQL

Google Sheets

Job description

The CoinDCX Journey: Building the Future of Finance

At CoinDCX, our mission is clear - to make crypto and blockchain accessible to every Indian and enable them to participate in the future of finance. As India's first crypto unicorn valued at $2.45B, we are reshaping the financial ecosystem by building safe, transparent, and scalable products that power adoption at scale. We believe that change starts together. It begins with bold ideas, relentless execution and people who want to build what's next. If you're driven by purpose and thrive in environments where your work defines the next chapter of an industry, you'll feel right at home here.

About the Role

This isn’t a typical Market Risk role. This role is suited for a hands‑on risk professional who can independently execute BAU monitoring, build practical dashboards and controls, analyse market events, and elevate issues with clarity across spot, derivatives, and custody‑linked exposures. You will work closely with the Manager and cross‑functional teams to strengthen risk measurement, liquidation and margin monitoring, liquidity and slippage views, governance processes, and day‑to‑day risk actions.

What You’ll Do

• Risk Measurement & Monitoring (BAU)


• Build, maintain, and run core risk views such as VaR (1‑day/10‑day), stress tests, scenario loss, and drawdown / regime indicators for key exposures including spot, perps / futures, and funding or basis‑linked positions.


• Monitor volatility, correlations, concentration, and tail‑risk indicators on a daily basis; identify changes in risk posture and elevate material observations in a timely manner.


• Prepare daily and periodic risk summaries with clear commentary, exceptions, and recommended follow‑ups.


• Limits, Appetite & Governance Support


• Support the implementation and ongoing monitoring of risk limits across notional, leverage, concentration, liquidity / slippage, and basis or funding exposures.


• Track breaches, exceptions, and threshold movements; maintain escalation logs, decision records, and supporting governance documentation.


• Assist in drafting and maintaining runbooks, SOPs, and risk dashboards so that BAU processes remain consistent, auditable, and scalable.


• Derivatives & Liquidation Risk Controls


• Monitor margin and liquidation risk across derivatives books, including mark vs LTP behaviour, index / mark quality, liquidation outcomes, and tail‑day stress performance.


• Build and track metrics such as distance‑to‑liquidation (DTL), effective leverage, margin utilisation, and early‑warning indicators at user, token, or portfolio level where relevant.


• Partner with Product, Operations, and Engineering teams to improve practical guardrails such as risk checks, throttles, alerting logic, and reduce‑only or similar protective actions.


• Liquidity & Slippage Risk


• Build and maintain liquidity risk views covering order book depth, spreads, market impact, slippage, and exit capacity under normal and stressed conditions.


• Support stress liquidation cost analysis and time‑to‑exit estimation across key tokens, books, and liquidity regimes.


• Highlight thin‑liquidity, concentration, and execution‑risk hotspots that may require tighter controls or closer monitoring.


• Risk Support & Cross‑Functional Analysis


• Support analysis of venue constraints, hedgeability, pricing frictions, and operational limitations that can affect market risk outcomes.


• Contribute to exposure monitoring across related areas such as stablecoin / INR conversion impacts, treasury‑linked positions, or exchange‑specific market structure issues where relevant.


• Work with stakeholders across Risk, Treasury, Product, Trade Ops, and Analytics to improve data quality, monitoring coverage, and response readiness.


• Controls, Incidents & Post‑Mortems


• Participate in incident reviews for market events, liquidation anomalies, pricing deviations, or control breakdowns; produce clear root‑cause and impact analysis.


• Maintain thresholds, control inventories, SOPs, and tracker‑based follow‑ups so that risk actions are implemented and closed out properly.


• Recommend practical process improvements that help move quick tactical monitoring into stronger BAU governance over time.

You’ll Excel in This Role If You

• 3–6 years of experience in market risk, trading risk, treasury risk, derivatives risk, or similar roles in a crypto exchange, broker, prop environment, market maker, or related trading business.


• Good understanding of derivatives mechanics, including margining, liquidation flows, funding rates, basis behaviour, and risk transmission during stressed markets.


• Strong market microstructure intuition, including order book behaviour, spreads, impact, mark vs LTP dynamics, manipulation or wick risk, and thin‑liquidity conditions.


• Hands‑on comfort with risk analytics such as historical VaR, stress / scenario testing, drawdowns, and regime‑based monitoring.


• Strong Excel / Google Sheets skills; working knowledge of SQL preferred; familiarity with dashboarding, data handling, or light automation is desirable.


• Ability to communicate risk observations clearly, maintain structured documentation, and work effectively in a fast‑moving operating environment.

You’ll Know You’re Winning When

• Your risk frameworks directly guide trading and product decisions, keeping the platform within strong risk boundaries.


• You establish a trusted, real‑time 'source of truth' for risk across spot and derivatives.


• You anticipate market risks early and convert them into clear actions, thresholds, and playbooks.


• You elevate overall risk maturity, enabling teams to better understand and manage market volatility.

Why This Role Matters & What’s In It For You

You gain the unique opportunity to establish the definitive 'single source of truth' at scale, moving beyond mere reporting to drive high‑stakes innovation in the Web3 space. This is a platform to exercise true ownership, where you will solve industry‑defining challenges and elevate the organization’s analytical maturity through visionary leadership and continuous analytical evolution.

Hiring Process

• Application Review – We assess for skills, alignment, and intent


• Recruiter Connect – A short conversation to understand you better


• Functional Round(s) – Deep dive into your approach, craft, and problem‑solving


• Assignment / Simulation Round – A take‑home task or live problem‑solving exercise to understand how you think and execute in real scenarios


• Culture & Values Discussion – A conversation to understand our ways of working and how you thrive best


• Founder Conversation (Optional) – For certain roles and senior levels, you may meet our founders to explore strategic alignment and long‑term fit

Where We Work

We believe the best ideas emerge when people build together. Collaboration, speed and trust come alive when teams share the same space. With this belief, we operate as a work‑from‑office organisation. This role is based out of our Bangalore office, where energy, alignment and innovation move in real time.

Perks That Empower You

• Design Your Own Benefits: Flexible perks to match your lifestyle


• Unlimited Wellness Leaves: Rest and recharge as you need


• Mental Wellness Support: Access to therapy and wellness resources


• Learning Sessions: Bi‑weekly learning and growth opportunities

Ready to Build What’s Next?

If you’re looking for a role that gives you direct access to high‑stakes decisions, deep impact and a chance to build the future of finance, this is it. Join CoinDCX and help us make crypto accessible to every Indian, together.