About the Role
The Kraken team is looking for a talented and experienced Market Risk professional to join our team as a Senior Manager for Market Risk. This pivotal role will be responsible for overseeing and enhancing our market risk management framework specifically for our trading and derivatives businesses. The ideal candidate will possess deep expertise in market risk methodologies, a strong understanding of financial products, and proven leadership skills to guide a team in a fast-paced and evolving environment.
What You’ll Do
- Lead the development, implementation and ongoing enhancement of our market risk framework, policies, and procedures for our trading and derivatives businesses.
- Oversee daily market risk exposure monitoring, analysis and reporting, ensuring adherence to risk limits and regulatory requirements.
- Develop and implement stress testing scenarios and back-testing methodologies to assess the resilience of the portfolio under extreme market conditions.
- Collaborate with trading desks, risk technology, product teams, and other stakeholders to ensure effective risk management practices are integrated into business processes.
- Provide expert advice and guidance on market risk issues to senior management and relevant committees.
- Stay abreast of industry best practices, regulatory developments, and emerging risks in the crypto market.
- Manage and mentor a team of risk analysts, fostering a culture of continuous learning and professional development.
- Contribute to the enhancement of the overall risk infrastructure, including risk systems and data capabilities.
Who You Are
- Bachelor’s or Master’s degree in Finance, Economics, Quantitative Finance, or a related field.
- 10+ years of experience in market risk management within financial services, with a focus on trading and derivatives (preferably within crypto or traditional finance with exposure to digital assets).
- Strong understanding of various financial products, including spot, futures, options, and other derivatives.
- Proven experience in developing and implementing market risk frameworks, policies, and procedures.
- Proficiency in risk measurement methodologies (e.g., VaR, SVaR, stress testing) and strong analytical skills.
- Experience with risk management systems and data analysis tools (e.g., SQL, Python, R).
- Excellent communication, interpersonal, and presentation skills, with the ability to articulate complex risk concepts to diverse audiences.
- Demonstrated ability to lead and mentor a team.
- CFA, FRM, or other relevant professional certifications are a plus.
