Derivatives Risk Oversight Lead

Skills

About the Role

You will lead oversight of derivatives risk for the trading platform, independently challenge front-line models and calculations, and validate margin, exposure, and collateral methodologies. You will design and run stress tests and scenario analyses, build or enhance capital and liquidity models, and complete required regulatory submissions. You will monitor and escalate limit breaches, define counterparty risk limits, and report findings to management and regulators. You will collaborate with product, operations, compliance, legal, and technology owners to integrate risk considerations into product approvals, controls, and scalable processes.

Requirements

• 5+ years of experience in financial risk management ideally in a second line of defense capacity
• Experience in a derivatives trading firm or brokerage strongly preferred and direct derivatives/market risk experience is essential
• Excellent analytical skills and attention to detail with the ability to independently test recalculate and challenge front-line risk metrics
• Good understanding of the MiFID regulatory framework particularly derivatives
• Good knowledge of balance sheet components and drivers of income including capital liquidity and P&L implications of leveraged derivatives activity
• Ability to operate independently and navigate ambiguity
• Effective communication and presentation skills including the ability to challenge senior stakeholders with credible quantitative analysis
• Knowledge of the blockchain and virtual currency environment preferred with understanding of crypto market structure spot trading derivatives products and perpetual swaps
• Excellent English language skills written and verbal

Responsibilities

• Implement and manage financial risk management programs for derivatives focusing on market product counterparty margin collateral and liquidity risks
• Monitor risk exposures and escalate breaches of approved limits
• Review and validate risk models and exposure metrics
• Define and periodically review margin methodologies and assess adequacy
• Define counterparty risk framework and monitor limit utilization and concentration
• Conduct stress testing and scenario analysis and develop contingency plans
• Complete quarterly regulatory submissions such as ICAAP and quantitative reporting
• Build or enhance internal capital and liquidity models for derivatives risks
• Develop key risk and early warning indicators and review risk appetites
• Establish regular risk assessment processes and formal escalation governance
• Collaborate with process owners and cross-functional teams to integrate risk management
• Facilitate regulatory-required risk training and promote risk-aware practices
• Report findings to management and regulatory authorities
• Conduct spot and derivative risk assessments including hedge effectiveness and basis risk
• Support scaling of risk methodologies controls reporting and governance as business grows

Benefits

• Performance driven compensation with multipliers and bonus programs
• Supplemental health insurance ancillary insurance and mental health support programs
• Lifestyle wallet employer-paid benefits spending account for wellness childcare learning and more
• Paid time off company holidays sick time paid volunteer time off and parental leave
• Exceptional office experience with catered meals and events
• Monthly commuter stipend