Quant Risk Manager: Derivatives & Exchange Risk

Polymarket; New York (NY); On-site; USD 100,000 - 150,000; Full time

Benefits offered by this job

Competitive salary

Unlimited PTO

Health, Vision, Dental coverage

401k match

MacBook Pro setup

Job summary

Polymarket, a regulated US exchange, is hiring a Quant Risk Manager to build risk models and the monitoring framework for perpetuals and commodity derivatives. You will own margin design, stress testing, and default risk while collaborating with engineers, product, and compliance to translate quantitative risk into live trading policy.

You will design and implement models, participate in regulatory reporting, and shape the guarantee fund strategy in a fast-moving market.

Qualifications

• Hands-on experience managing derivatives or futures risk in an exchange, clearinghouse, or trading firm.
• Quantitative risk management with direct ownership of model development.
• Strong financial modeling skills in Python with production-quality code.
• Comfort using AI tools across the full development cycle to ship better work faster.
• Deep familiarity with exchange mechanics: order books, market making, margin, collateral, and liquidation.
• Working knowledge of CFTC regulations for designated contract markets, including reporting and capital rules.
• Ability to operate independently and defend assumptions with stakeholders.
• (Plus) Experience with guarantee fund design or default waterfall mechanics.
• (Plus) Background in prediction markets, crypto derivatives, or non-traditional assets.
• (Plus) Prior experience standing up a risk function or platform from scratch.

Responsibilities

• Build quantitative risk models for perpetuals and commodity derivatives, covering margin requirements, position limits, and tail risk in normal and stressed conditions.
• Design and maintain the exchange's stress testing framework with scenario construction and loss estimation.
• Develop default risk models to size and trigger the guarantee fund in a default event.
• Partner with engineers to build a real-time risk monitoring platform showing exposure, breaches, and anomalies.
• Translate risk outputs into policy: margin schedules, liquidation logic, and market maker requirements.
• Own CFTC-related risk reporting and capital obligations with legal/compliance.
• Identify gaps in risk architecture and prioritize what to build next.

Skills

Derivatives risk

Python

Production code

AI tools

Exchange mechanics

CFTC rules

Self-starter

Risk reporting

Default waterfall

Tools

Python

Job description

Polymarket, a regulated US exchange, is hiring a Quant Risk Manager to build risk models and the monitoring framework for perpetuals and commodity derivatives. You will own margin design, stress testing, and default risk while collaborating with engineers, product, and compliance to translate quantitative risk into live trading policy.

You will design and implement models, participate in regulatory reporting, and shape the guarantee fund strategy in a fast-moving market.