Lead Quant Risk Engineer, Derivatives & Clearing

Polymarket; New York (NY); On-site; USD 210,000 - 260,000; Full time

Benefits offered by this job

Competitive salary & equity

Unlimited PTO

Health, Vision, & Dental coverage

Job summary

Polymarket is seeking a Quantitative Risk Analyst to design and implement enterprise-scale risk models at the heart of our clearing operation. You will own models for market risk, volatility and correlation of derivatives, stress testing, and automated liquidation.

Expect hands-on development in production code and extensive use of AI tools to accelerate research and development. You will collaborate with engineering, trading, and product teams to embed risk controls into platform architecture

Qualifications

• Deep expertise in risk modeling for enterprise systems.
• Experience with volatility, correlation, and option pricing for derivatives.
• Proficiency in Python with NumPy, Pandas, SciPy; solid software engineering practices.
• Hands-on experience with production risk systems, not just research prototypes.
• Familiarity with AI-assisted development and validation of AI outputs.

Responsibilities

• Design, implement, and maintain enterprise-scale risk models for market risk, margin, and counterparty exposure.
• Build volatility and correlation models for derivatives, with calibration and backtesting.
• Develop and run stress-testing frameworks: historical, hypothetical, and reverse stress tests.
• Design and tune auto-liquidation logic with safeguards against cascading liquidations.
• Use AI tools to accelerate model development and validate AI outputs against risk models before deployment.
• Monitor production model performance, investigate breaks, and iterate quickly.
• Collaborate with engineering, trading, and product teams to embed risk controls into architecture.
• Document model assumptions, limitations, and validation results for audit readiness.

Skills

Python

NumPy

Pandas

SciPy

C++

C#

Education

Advanced degree in quantitative field

Job description

Polymarket is seeking a Quantitative Risk Analyst to design and implement enterprise-scale risk models at the heart of our clearing operation. You will own models for market risk, volatility and correlation of derivatives, stress testing, and automated liquidation.

Expect hands-on development in production code and extensive use of AI tools to accelerate research and development. You will collaborate with engineering, trading, and product teams to embed risk controls into platform architecture