The opportunity
Our mission is to democratize finance for all. An estimated $124 trillion of assets will be inherited by younger generations in the next two decades.
What you'll do
Support the Director of Risk in implementing and managing the financial risk: management programs for the Bitstamp Financial Services (BFS) Entity and other parts of the Bitstamp group, with particular focus on market, product, counterparty, margin, collateral, and liquidity risks arising from spot and derivatives activities.
Provide independent monitoring of risk exposures across financial and: operational risks and escalate breaches of approved limits, with a primary emphasis on trading-related risks and scalable control design as the business grows.
Review and validate risk models and assess exposure metrics across: derivatives products and trading strategies, including independent challenge of product calculations, valuation logic, exposure metrics, and model assumptions.
Define and periodically review margin methodologies. Independently assess the: adequacy of margin and collateral practices implemented by 1LOD, including initial margin, maintenance margin, liquidation thresholds, collateral haircuts, concentration add-ons, and stressed close-out assumptions.
Define counterparty risk framework and limits; independently monitor: exposures and challenge limit utilization, concentration risk, and interconnected exposures across spot and derivatives books.
Conduct stress testing and scenario analysis to assess the impact of adverse: market conditions and extreme events on the derivatives portfolio and develop contingency plans accordingly, including the design of independent house stress scenarios and the ability to reproduce and challenge 1LOD stress calculations.
What they're looking for
- Complete quarterly regulatory submissions required under the MiFID license,: such as capital requirement calculation (ICAAP) and quantitative reporting, including prudential risk indicators.
- Build or enhance internal capital and liquidity models, taking into account: new risks arising from derivatives trading within the BFS entity,, including risks related to perpetual swaps, leverage, funding mechanics, basis dislocations, liquidation events, market gaps, and stressed liquidity.
- Participate in development of key risk and early warning indicators and: monitoring as well as reviews of risk appetites, including collaboration with 1LOD on defining KPI/KRI thresholds and escalation triggers (e.g., green/orange/red status).
- Establish a regular and repeatable risk assessment process covering daily: monitoring, weekly and monthly deep dives, periodic model and margin review, exception tracking, and formal escalation governance.
