Risk Manager, Quantitative (United States)

Crypto.com; Chicago (IL); Hybrid; USD 160,000 - 260,000; Full time

Benefits offered by this job

Competitive salary

401(k) plan with employer match

Health insurance

Hybrid work setup

Career mobility program

Job summary

Crypto.com seeks a quantitative Risk Manager to join our global exchange team, owning the design, calibration, and validation of the margin, pricing, and liquidation frameworks that our FCM and clearing businesses run on.

You will build data pipelines in SQL and Python, monitor real-time risk, perform stress tests, and provide risk inputs for product onboarding and listings. This role blends TradFi insight with digital markets in a fast-growth environment.

Qualifications

• 5+ years of relevant experience in quantitative research, risk management, trading, or related field.
• Master or PhD in a quantitative discipline (e.g., math, physics, statistics, engineering, CS, financial engineering).
• Proficient in Python and SQL or noSQL data structures, data models, and database management.

Responsibilities

• Own margin methodology across the group, including SPAN, VaR, and portfolio-margining approaches.
• Develop, implement, and validate derivatives pricing models for multi-asset classes.
• Backtest margin coverage and document model performance for regulatory/audit review.
• Build data pipelines and automated reporting behind risk models using SQL, Python, and relational databases.
• Monitor real-time and historical portfolio risk, including exposure, leverage, and liquidation.
• Design automated liquidation logic and algorithms to balance market risk and impact.
• Perform scenario analysis and stress testing across market conditions.
• Provide risk input into product onboarding, listings reviews, and risk parameter reviews.
• Analyze market microstructure on multi-asset derivative markets and calibrate models accordingly.

Skills

Python

SQL

Risk management

Derivatives pricing

Portfolio margining

Education

Master's or PhD in quantitative discipline

Tools

SPAN

VaR

Backtesting

SQL/NoSQL

Job description

We are looking for a quantitative Risk Manager to join our global exchange team, with a primary focus on the models: you will own the design, calibration, and validation of the margin, pricing, and liquidation frameworks that our FCM and clearing businesses run on. Alongside that, you will take part in the daily risk monitoring, escalation, and reporting that the whole team carries. You will be contributing to the building of a fast-growth trading platform with innovative, multi-asset products bridging traditional finance (TradFi) and digital markets. For all roles, we look for people who are passionate about financial market innovation, equipped with energy, act as owners, and have exemplary work ethics.

Responsibilities

• Own margin methodology across the group, including SPAN, VaR, and portfolio-margining approaches, and benchmark our models against those used by the clearing houses and exchanges we face.
• Develop, implement, and validate derivatives pricing models for new and existing products across various asset classes (e.g., equities, commodities, futures, perpetuals, options)
• Backtest margin coverage and document model performance, assumptions, and limitations to a standard that withstands regulatory and audit review
• Build and maintain the data pipelines and automated reporting behind the risk models, working in SQL, Python, and relational databases
• Monitor and analyze real-time and historical portfolio risk, including exposure, leverage, margin utilization, concentration, and liquidation
• Design optimal automated liquidation logic and algorithms to balance market risk with market impact during extreme volatility
• Perform scenario analysis and stress testing across a range of market conditions
• Provide risk input into product onboarding, listing reviews, and regular risk parameter reviews: haircuts, margin levels, liquidation thresholds, index pricing, funding rates, and position limits
• Analyze market microstructure on multi-asset derivative markets, periodically review and calibrate risk models according to evolving market conditions
• Support the build and maintenance of internal risk dashboards and analytical tools

Requirements

• 5+ years of relevant working experience in quantitative research, risk management, trading, or a related field. Exposure to daily risk operations is expected alongside the modelling work; regulator-facing experience is welcome but not required
• Master or PhD in a quantitative discipline (e.g., math, physics, statistics, engineering, computer science, financial engineering, quantitative finance, etc.)
• Proficient in Python and SQL or noSQL data structures, data models, and database management
• Strong understanding of derivatives pricing theory across traditional and digital asset classes
• Deep understanding of Order Book Dynamics (L1-L3 data) and Cross/Portfolio-Margining methodologies (e.g., offsetting spot against futures)
• Deep knowledge of equities, commodity products, macro assets, and ongoing developments in these spaces; thoroughly familiar with futures, perpetuals, or other derivative types
• Direct trading experience (personal or professional) is highly ideal, with a deep familiarity with margin concepts and liquidation mechanisms
• Experience at a broker-dealer, exchange, or clearing organization, with familiarity on how brokers and CCPs operate is a strong plus
• Think critically and strive for continuous improvement

Life @ Crypto.com

Empowered to think big. Try new opportunities while working with a talented, ambitious and supportive team.

Transformational and proactive working environment. Empower employees to find thoughtful and innovative solutions.

Growth from within. We help to develop new skill-sets that would impact the shaping of your personal and professional growth.

Work Culture. Our colleagues are some of the best in the industry; we are all here to help and support one another.

One cohesive team. Engage stakeholders to achieve our ultimate goal - Cryptocurrency in every wallet.

Work Flexibility Adoption. Flexi-work hour and hybrid set-up

Aspire career alternatives through us - our internal mobility program offers employees a new scope.

Benefits

• Competitive salary
• Attractive annual leave entitlement including: birthday, work anniversary
• 401(k) plan with employer match
• Eligible for company-sponsored group health, dental, vision, and life/disability insurance
• Work Flexibility Adoption. Flexi-work hour and hybrid set-up
• Aspire career alternatives through us. Our internal mobility program can offer employees a diverse scope.

Our Crypto.com benefits packages vary depending on region requirements, you can learn more from our talent acquisition team.

About Crypto.com:

Founded in 2016, Crypto.com serves more than 150 million customers and is the world's fastest growing global cryptocurrency platform. Our vision is simple: Cryptocurrency in Every Wallet™. Built on a foundation of security, privacy, and compliance, Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem.

Learn more at https://crypto.com .

Crypto.comis an equal opportunities employer and we are committed to creating an environment where opportunities are presented to everyone in a fair and transparent way. Crypto.com values diversity and inclusion, seeking candidates with a variety of backgrounds, perspectives, and skills that complement and strengthen our team.

Personal data provided by applicants will be used for recruitment purposes only.

Please note that only shortlisted candidates will be contacted.

We may use artificial intelligence tools to analyze the content of your Resume/CV against the specific requirements for the position. The purpose is to support our recruitment team in reviewing applications more effectively. These tools assist our recruitment team in their evaluation of your application by providing recommendations, but they do not replace human judgment. Final hiring decisions are ultimately made by humans who consider the insights generated by the tools along with other relevant information. If you would like more details about how your personal information is processed, please contact us.