Market Risk Manager

XBTO is a leading institutional provider for digital assets. In 2015, XBTO was first to provide institutional-grade liquidity to major trading platforms. Since then, we have made significant efforts to create stability in the cryptocurrency markets.

XBTO offers a comprehensive regulated platform for digital assets and tailored investment solutions catered to sophisticated non-US investors and institutions. Our offering spans Asset Management, Trading, Custody, and Market Making.

With over nine years of experience in digital assets and more than twenty years in traditional finance, we offer expert insights and solutions to navigate the relatively new and dynamic field of digital assets. We combine deep technical and trading expertise with established industry-wide relationships to provide sophisticated solutions for our counterparties.

Description

We are seeking an experienced Market Risk Manager to develop and implement risk management strategies tailored to the cryptocurrency and digital asset industry. The ideal candidate will possess strong expertise in identifying financial risks, developing mitigation strategies, financial modeling review, and ensuring regulatory compliance. In addition, the role requires experience in model validation, particularly for risk models related to the volatility and complexity of the crypto market.

Responsibilities

1. Identify, assess, and monitor financial risks associated with cryptocurrency trading, market making, custody, investments, and decentralized finance (DeFi) activities.
2. Develop and validate financial risk models, scenario analyses, and stress testing tools to evaluate exposures such as volatility, liquidity, and market manipulation risks.
3. Conduct independent reviews of risk models related to price movements, derivatives, and counterparty risks in the crypto ecosystem.
4. Lead the validation of financial models, ensuring accuracy in pricing models, risk simulations, and stress testing frameworks for digital assets.
5. Assess model performance, assumptions, and data quality to ensure robust outputs.
6. Work closely with front end teams to review and challenge model design, input data, and results.
7. Provide feedback to the front office, product and engineering teams to enable update and recalibration of models based on market conditions and the emergence of new risk factors in the crypto market.

Reporting & Communication

1. Prepare and present risk reports, including insights from model validation processes, to senior management, the risk committee, and regulatory authorities.
2. Collaborate with product and engineering to ensure integration of risk management practices across business units.
3. Clearly communicate risk exposure and mitigation strategies to both technical and non-technical stakeholders.
4. Lead the adoption of new tools and technologies for model validation, blockchain analytics, and risk management.
5. Champion initiatives that improve internal processes, especially related to model governance and performance assessments.

Qualifications

• Up to 5 years of experience in a market risk position preferably from investment bank or multi-asset fund.
• Python and SQL experience (or coding experience in another language) is a requirement.
• Excellent communication and interpersonal skills, with the ability to interact effectively with stakeholders at all levels.
• STEM background preferable.
• Multidisciplinary approach.
• Strong understanding of financial risk models, model validation techniques, and regulatory requirements for risk models.

Working at XBTO

The dynamic team at XBTO is made up of some of the best talents in digital assets, traditional finance and technology. We work in a collegiate environment with relentless focus on our mission and team. We’re looking for individuals who share the same values and principles such as:

• Entrepreneurial spirit - Takes ownership showcasing a high degree of drive, perseverance and accountability to achieve our goals.
• Trust & integrity - Exemplifies the highest ethical and professional standards to serve our clients.
• Collaboration & care - Genuinely cares about other team members and champions working as one team.
• Humility & candor - Showcases openness to the diverse ideas and perspectives of co-workers and seeks to receive and give constructive feedback.
• Innovation & knowledge - Stays abreast of the dynamic industry, pursues opportunities to anticipate the evolving needs of our clients.
• Risk and compliance mindset - Demonstrates a commitment to compliance and appropriate sensitivity to risk and control related issues.

Our hiring process

In compliance with applicable law, all persons hired will be required to verify their identity and eligibility to work and to complete employment eligibility verification and background checks.

XBTO is an equal opportunity employer. We seek a diverse applicant pool and hire without regard to race, color, gender identity, religion, national origin, ancestry, citizenship, physical abilities (or disability), age, sexual orientation, veteran status, or any other characteristic protected by law.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance and Management