Clearing Risk Analyst

Coinbase; Salt Lake City (UT); Híbrido; USD 95.000 - 112.000; Tempo integral

Resumo da vaga

Coinbase, Inc. is seeking a Clearing Risk Analyst to join our Clearing Risk team and help build Coinbase’s clearing business, including prediction markets.

The role focuses on identifying, measuring, and managing risk across clearing-member positions, margin methodologies, and settlement processes. You’ll own defined risk analysis projects from investigation through recommendation, working with the DCO risk lead and partnering with Product, Operations, and Finance to translate analysis into

Qualificações

• 1 to 3 years of experience in market risk, counterparty risk, derivatives clearing, or trading operations at a major financial institution, exchange, or clearinghouse.
• Working knowledge of derivatives products and margin models, including how trades create positions, funding needs, and settlement obligations, and how initial and variation margin protect against counterparty exposure.
• Familiarity with clearing risk concepts such as stress and backtesting, collateral management, or settlement exception analysis.
• Demonstrated ability to take an open-ended risk question, structure a work plan, source the right data, and deliver a considered recommendation with minimal direction.
• Sound judgment on escalation: you know when an issue requires deeper investigation versus immediate action, and you communicate your limitations clearly.
• Comfortable working with spreadsheets and data: you check calculations, investigate inconsistencies, and clearly communicate conclusions traceable to evidence.
• Utilizes generative AI responsibly, maintaining human oversight to validate, deliver business-ready outputs, and drive measurable improvements in workflow efficiency, cost, and quality.

Responsabilidades

• Analyze clearing-member positions, collateral, settlement obligations, and concentrations, investigating meaningful changes and exceptions and recommending follow-up actions.
• Contribute to margin methodology development and review by analyzing collateral coverage, stress scenarios, and backtesting results, and pressure-testing the assumptions behind them.
• Assess risks arising from new products, business changes, and market events by identifying potential failure scenarios and developing recommendations for the DCO risk lead and partner teams.
• Lead defined risk analysis projects from investigation through recommendation, collaborating with Product, Operations, and Finance to turn analysis into practical risk decisions.
• Build and refine risk reporting and recurring monitoring by validating figures against source records, defining clear metrics, and simplifying workflows to improve efficiency.
• Partner with Product, Operations, Finance, Legal, and Compliance to evaluate how funding, settlement, and processing failures create financial risk across the trade lifecycle, and help draft and maintain related risk procedures and control documentation.
• Prepare concise risk analyses, incident reviews, and management materials that clearly separate confirmed facts, assumptions, open questions, and recommendations.

Conhecimentos

Market risk

Counterparty risk

Derivatives clearing

Trading operations

Descrição da vaga

Ready to do the most impactful work of your career? At Coinbase, we are uncompromising on our mission to increase economic freedom. The bar is high, the environment is intense, and we like it that way. This isn't a place for complacency, it’s a place to be pushed past your perceived limits. If you're ready to build the future of finance alongside people who refuse to settle for "good enough," you belong here. Coinbase is a remote-first, but not remote-only company. Expect to get together quarterly for intense in-person working sessions called “surges.” learn more about working at Coinbase.

We're hiring a Clearing Risk Analyst to join our Clearing Risk team and help build Coinbase's clearing business, including prediction markets. This team is responsible for how the clearinghouse identifies, measures, and manages risk across clearing-member positions, margin methodologies, and settlement processes.

You’ll own defined risk analysis projects from investigation through recommendation, working closely with the DCO risk lead and partnering with Product, Operations, and Finance to turn analysis into practical risk decisions that shape a growing business.

What you'll do:

• Analyze clearing-member positions, collateral, settlement obligations, and concentrations, investigating meaningful changes and exceptions and recommending follow-up actions.

• Contribute to margin methodology development and review by analyzing collateral coverage, stress scenarios, and backtesting results, and pressure-testing the assumptions behind them.

• Assess risks arising from new products, business changes, and market events by identifying potential failure scenarios and developing recommendations for the DCO risk

• lead.

• Build and refine risk reporting and recurring monitoring by validating figures against source records, defining clear metrics, distinguishing missing or stale data from genuine absence of exposure, and simplifying workflows to improve efficiency.

• Partner with Product, Operations, Finance, Legal, and Compliance to evaluate how funding, settlement, and processing failures create financial risk across the trade lifecycle, and help draft and maintain related risk procedures and control documentation.

• Prepare concise risk analyses, incident reviews, and management materials that clearly separate confirmed facts, assumptions, open questions, and recommendations.

Required Skills and Experience:

• 1 to 3 years of experience in market risk, counterparty risk, derivatives clearing, or trading operations at a major financial institution, exchange, or clearinghouse.

• Working knowledge of derivatives products and margin models, including how trades create positions, funding needs, and settlement obligations, and how initial and variation margin protect against counterparty exposure.

• Familiarity with clearing risk concepts such as stress and backtesting, collateral management, or settlement exception analysis.

• Demonstrated ability to take an open-ended risk question, structure a work plan, source the right data, and deliver a considered recommendation with minimal direction.

• Sound judgment on escalation: You know when an issue requires deeper investigation versus immediate action, and you communicate your limitations clearly.

• Comfortable working with spreadsheets and data: you check calculations, investigate inconsistencies, and clearly communicate conclusions traceable to evidence.

• Utilizes generative AI responsibly, maintaining human oversight to validate, deliver business-ready outputs, and drive measurable improvements in workflow efficiency, cost, and quality.

*Pay Transparency Notice:** *Base salary varies by location (see range below). Total compensation may also include equity and bonus eligibility, and benefits (medical, dental, vision, 401(k)).

Annual base salary range (excluding equity and bonus):

$95,030—$111,800 USD

• *Application Limit: *Candidates may submit a maximum of 3 applications within a 6-month period.

• *Equal Opportunity Employer: *Coinbase is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or genetic information. Applicants with criminal histories will be considered consistent with applicable federal, state, and local laws.

• *US Applicants: *View Employee Rights, Know Your Rights, and E-Verify Notice of Participation.

• *Accommodations: *If you are an individual with a disability who needs a reasonable accommodation, email us your request and contact info at accommodations[at]coinbase.com. Need screen reading technology? Click here to download a free compatible screen reader and view the tutorial.

• *Data Privacy & Arbitration: *By submitting your application, you agree to our Candidate Privacy Notice. US applicants: By submitting your application, you agree to Arbitration of Disputes.