Senior Risk Management Associate, Derivatives

P2P; New York (NY); On-site; USD 123,000 - 167,000; Full time

Job summary

An innovative firm is seeking a Sr. Risk Management Associate to join their Derivatives Team in New York City. This role is pivotal in managing risks associated with derivatives trading, ensuring the company remains competitive while safeguarding against market and operational risks. You will conduct comprehensive risk assessments, analyze market trends, and collaborate with various teams to implement effective risk mitigation strategies. If you are passionate about the digital assets industry and thrive in dynamic environments, this opportunity offers a chance to grow and make a significant impact in a rapidly evolving field.

Benefits

Performance linked bonus

Equity options

Competitive benefits package

Qualifications

• 3-5+ years of experience in risk management with derivatives exposure.
• Strong verbal and written communication skills are essential.

Responsibilities

• Conduct risk assessments for derivatives products and trading strategies.
• Develop risk metrics and monitoring tools for the derivatives portfolio.

Skills

Risk Management

Derivatives Trading

Analytical Skills

Communication Skills

Python

SQL

Financial Engineering

Education

Bachelor’s degree in Finance

Tools

VBA

Google Sheets

Job description

New York City, NY

Who are we?

FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and cutting-edge technology, FalconX addresses the industry's foremost challenges: Navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever-evolving cryptocurrency landscape.

Impact:

As a Sr. Risk Management Associate on the Derivatives Team, you will play a critical role in managing and mitigating risks associated with our derivatives trading activities. Your expertise will help ensure that FalconX maintains its competitive edge while safeguarding against potential market and operational risks.

Responsibilities:

• Conduct comprehensive risk assessments specifically for derivatives products, identifying potential risks and vulnerabilities in trading strategies and crypto assets.
• Analyze derivatives market trends, price movements, and regulatory developments to assess their impact on the company's portfolio and trading activities.
• Develop and implement risk metrics and monitoring tools tailored to the derivatives portfolio, ensuring accurate assessment of exposure and performance.
• Regularly review and refine risk models and methodologies to maintain their relevance and accuracy in the context of derivatives trading.
• Perform stress tests on the derivatives portfolio to evaluate its resilience under adverse market conditions and potential worst-case scenarios.
• Stay informed about the latest developments in the derivatives market, including regulatory changes, emerging technologies, and competitor activities, providing actionable insights to inform risk management strategies.
• Prepare detailed risk reports for senior management, highlighting key exposures, trends, and performance metrics related to derivatives trading.
• Collaborate closely with traders and portfolio managers to develop and implement risk mitigation strategies, such as hedging and diversification techniques specific to derivatives.
• Ensure compliance with relevant regulations and internal risk policies, particularly those affecting derivatives trading, and update practices accordingly.
• Identify opportunities to enhance risk management processes, including automation of risk assessment and reporting procedures, and implement internal controls to safeguard against operational risks.
• Work collaboratively with other teams, including Trading, Research, Compliance, and Legal, to ensure a holistic approach to risk management and maintain a cohesive framework for derivatives trading.
• Continuously update your knowledge of risk management practices, financial instruments, and technologies in the derivatives space by attending relevant conferences, workshops, and industry events.

Success:

• As a Sr. Risk Management Associate, you will contribute to building robust in-house risk management capabilities for derivatives trading, streamlining processes, and ensuring real-time, accurate risk information is available to all stakeholders.
• Demonstrate passion for working in a dynamic business environment, with enthusiasm to learn and grow within the digital assets industry.
• Collaborate effectively with all teams to achieve optimal financial outcomes for the organization.
• Exhibit strong multitasking abilities, work efficiently under pressure, prioritize tasks, and manage workload to meet internal needs.

Required Qualifications:

• Bachelor’s degree in Finance or a related field, with 3-5+ years of experience in risk management, preferably with exposure to derivatives trading.
• Experience working in a financial institution or financial services start-up.
• Self-motivated, with great initiative and the ability to work independently.
• Maintain a high level of accuracy in all tasks.
• Strong verbal and written communication skills.

Preferred Qualifications:

• Proficiency in programming languages such as Python, SQL, or R, with a focus on financial engineering.
• Experience with VBA coding in Excel or AppScript in Google Sheets.
• Prior experience in the cryptocurrency market is advantageous but not required.

Compensation:

Base pay for this role is expected to be between $123,000 - $167,000 USD for New York City and San Francisco Bay Area. This expected base pay range is based on information at the time this post was generated. This role will also be eligible for other forms of compensation such as a performance linked bonus, equity, and a competitive benefits package. Actual compensation for a successful candidate will be determined based on a number of factors such as location, skillset, experience, and qualifications.

Inclusivity Statement

FalconX is committed to building a diverse, inclusive, equitable, and safe workspace for all people. Our roles are intended for people from all walks of life. We encourage all those interested in applying to our organization to submit an application regardless of whether you are missing some of the listed background requirements, skills, or experiences!

FalconX is an equal opportunity employer and will not discriminate against an applicant or employee based on race, color, religion, national origin, ancestry, ethnicity, sex (including gender, pregnancy, sexual orientation, and gender identity), age, physical or mental disability, veteran or military status, genetic information, citizenship, or any other legally-recognized protected basis under federal, state, or local law.

Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and other applicable state or local laws.

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