Senior Crypto Derivatives Risk Architect

Bybit; Kuala Lumpur; On-site; MYR 120,000 - 210,000; Full time

Benefits offered by this job

Study Growth Fund

Internal Events

Global Collaboration

Career Advancement

Internal Mobility

Job summary

Bybit, a leading cryptocurrency exchange, seeks a Derivatives Risk Specialist to design funding, pricing, and risk controls for perpetuals, futures, and options. You will backtest models, validate parameters, and monitor market integrity while collaborating with product and risk teams in a fast-paced, global environment.

Ideal candidates have 3+ years in derivatives, strong Python skills, and a solid grasp of risk metrics and pricing theory.

Qualifications

• Degree in finance, math, statistics, CS or related field.
• 3+ years in derivatives-related roles in finance or crypto.
• Strong knowledge of perpetual contracts, funding rate, and risk concepts.
• Proficient in Python with data analysis and backtesting experience.

Responsibilities

• Design perpetual contract funding rate mechanisms and pricing logic.
• Develop futures settlement price methodology and anti-manipulation measures.
• Create options pricing models and assess systemic risk.
• Set leverage and position limits by instrument with market depth.
• Build ADL triggers and ranking rules to optimize risk isolation.
• Define insurance fund rules and replenishment mechanisms.
• Plan circuit breakers and emergency responses for extreme events.
• Monitor Mark Price vs spot to prevent liquidations.
• Collaborate on risk control criteria for new derivatives listings.
• Assist Market Surveillance in identifying market abuses.

Skills

Python

Data analysis

Backtesting

Model validation

Probability theory

Statistics

Risk management

Education

Bachelor's degree or above in Finance/Math/CS

Tools

SQL

Spark

Job description

Bybit, a leading cryptocurrency exchange, seeks a Derivatives Risk Specialist to design funding, pricing, and risk controls for perpetuals, futures, and options. You will backtest models, validate parameters, and monitor market integrity while collaborating with product and risk teams in a fast-paced, global environment.

Ideal candidates have 3+ years in derivatives, strong Python skills, and a solid grasp of risk metrics and pricing theory.