Senior Risk Management Associate, Derivatives

About the position

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. 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.

Requirements

• 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.

Nice-to-haves

• 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.

Benefits

• 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 role will also be eligible for other forms of compensation such as a performance linked bonus, equity, and a competitive benefits package.