Product Manager, Portfolio Margin and Risk
Galaxy Digital is a full-service digital asset firm offering institutional OTC trading, lending, derivatives, staking, tokenization, asset management, investment banking, and venture funding.
About Galaxy Digital
Galaxy Digital is a technology-driven financial services and investment management firm that offers institutions and direct clients a full suite of financial solutions spanning the digital assets ecosystem. The company operates three complementary businesses: Global Markets, Asset Management, and Digital Infrastructure Solutions.
Skills
Candidate Availability
Required and preferred rules are kept separate and reflect the wording in the original posting.
About the Role
Lead the end-to-end design and delivery of portfolio margin and risk capabilities, including margin methodologies, pre-trade buying power, real-time margin systems, instrument modeling, position netting, risk factor ingestion, liquidation workflows, and integrations with pricing, P&L, booking, and treasury systems.
Requirements
- 7+ years of experience in trading product, margin, derivatives, or risk systems across TradFi and crypto/fintech.
- Fluency in portfolio margin, VaR/ES, scenario analysis, correlations, stress testing, and Greeks.
- Experience with instrument modeling, position aggregation, and real-time margin or risk engines.
- Knowledge of Reg-T, portfolio margin, cross-margining, overlays, and capital efficiency.
- Experience using AI tools for research, prototyping, documentation, and solution design.
- Ability to operate effectively in ambiguous or greenfield fintech environments.
- Experience partnering with traders and optimizing for latency, determinism, and usability.
- Bonus: experience with SPAN, TIMS, FIX, WebSocket, REST APIs, market data normalization, ISDA/CSA, collateral mechanics, or crypto-native derivatives.
Responsibilities
- Design and evolve portfolio-based margin systems across spot, futures, options, swaps, and structured derivatives.
- Translate scenario, shock, and correlation-based methodologies into product requirements and operationalize VaR and Expected Shortfall.
- Implement portfolio offsets, concentration add-ons, liquidity haircuts, and regulatory overlays.
- Architect pre-trade incremental margin estimation systems, real-time risk views, APIs, and internal tools.
- Define canonical instrument representations, position netting logic, cross-margin eligibility, and capital efficiency checks.
- Partner with engineering on real-time risk factor ingestion, portfolio aggregation, and event-driven recalculation.
- Design margin call logic, risk thresholds, liquidation workflows, and predictable behavior under stress.
- Integrate margin engines with pricing, P&L, booking, treasury, funding, and capital systems.
- Own roadmap development, methodology evolution, delivery timelines, and cross-functional tradeoff discussions.
- Champion thoughtful adoption of AI for product development and prototyping.
Benefits
- Competitive base salary and discretionary bonus
- Hybrid/flexible working arrangements
- Flexible paid time off
- 3% 401(k) company contribution
- Company-paid health and protective benefits for employees, partners, and dependents
- Generous paid parental leave
- Competitive family planning benefits for US employees
- Opportunities to learn about the crypto industry
- Employee Resource Groups
- Free virtual coaching and counseling sessions through Headspace
- Free daily snacks and weekly breakfasts or lunches
