Bangalore1h ago
At CoinDCX, our mission is clear - to make crypto and blockchain accessible to every Indian and enable them to participate in the future of finance.
As India’s first crypto unicorn valued at $2.45B, we are reshaping the financial ecosystem by building safe, transparent, and scalable products that power adoption at scale.
We believe that change starts together. It begins with bold ideas, relentless execution and people who want to build what’s next.
If you’re driven by purpose and thrive in environments where your work defines the next chapter of an industry, you’ll feel right at home here.
This isn’t a typical Market Risk role.
You will operate at the core of risk for a leading crypto exchange, owning real-time risk measurement across margin, liquidation, liquidity, and derivatives exposure. You’ll translate complex market dynamics into actionable controls—spanning VaR, stress testing, limits, and governance. This is a hands-on, high-velocity role where you’ll ship dashboards and risk frameworks quickly, then scale them into robust processes. We’re looking for someone with strong ownership and market intuition—who actively tracks macro and crypto trends, anticipates risks early, and converts them into practical actions and playbooks.
* Own and improve controls around margining and liquidation outcomes: mark vs LTP behavior, index/mark integrity, liquidation waterfall performance, and tail-day outcomes. * Define and operationalize key metrics: Distance-to-Liquidation (DTL), effective leverage, margin utilization, liquidation heatmaps, and early-warning triggers. * Partner with Product/Ops to implement protective mechanisms (risk checks, throttles, reduce-only or cancel-only insertion, and state-based restrictions). Product and Portfolio Risk Modeling (Spot and Perps)
* Design and validate models across spot and perps including margining and liquidation safety buffers. * Build multi-collateral frameworks: haircuts, caps, eligibility rules, and concentration add-ons. * Design credit line models for institutional and market-maker style participants (where applicable). * Own portfolio VaR (1-day and 10-day), stress testing, tail scenarios, and regime indicators. * Set and maintain risk parameters and guardrails (threshold ladders, throttles, reduce-only gates, leverage caps) with clear governance and versioning.Risk Measurement, Monitoring, and BAU Risk Posture
* Build and maintain a live risk suite: VaR and stress dashboards, scenario loss views, drawdowns, and correlation/volatility spike monitors across exposures (spot, perps/futures, funding/basis). * Monitor tail-risk signals and convert them into clear posture changes (limits, controls, risk-on/off gating). * Own daily and weekly leadership reporting: risk snapshot, exceptions, decisions required, and recommended actions.Liquidity, Market Quality, and Slippage Risk
* Build liquidity risk views: depth, spread, impact/slippage, and exit capacity under stress across key books and tokens. * Maintain stress liquidation cost and time-to-exit estimates across multiple market regimes. * Anticipate and mitigate systemic liquidity risks: liquidity fragmentation, thin-book cascades, and disorderly price formation.Systemic Risk Anticipation and Strategic Mitigations
* Proactively identify and reduce structural risks including custody/counterparty concentration, venue dependencies, and FX/pricing integrity risks. * Drive strategic mitigations: hedging frameworks, limit structures, concentration caps, and resilience playbooks (detect, decide, act).
* 8-12 years in market risk, trading risk or derivatives risk (crypto exchange/broker, prop, market maker, or equivalent). * Deep understanding of derivatives mechanics: margining, liquidation, funding, basis, and mark/index construction and failure modes. * Strong market microstructure intuition: order books, spreads, thin liquidity behavior, manipulation risk, and mark vs LTP dynamics. * Strong risk toolkit: historical VaR, scenario/stress testing, drawdowns, and regime identification. * Derivatives intuition: tail days, funding/basis drift, liquidation outcomes, and mark/index integrity. * Strong execution mindset: translate risk into requirements, thresholds, tests, and production controls. * Strong Excel/Google Sheets; SQL preferred; automation mindset.
* Prior experience building controls with Product (PRDs, BRDs, and test plans). * Experience with multi-collateral risk frameworks (haircuts, caps, eligibility, concentration add-ons). * Familiarity with India operating constraints (INR/stablecoin flows, venue/custody dependencies).
* Your risk frameworks directly guide trading and product decisions, keeping the platform within strong risk boundaries. * You establish a trusted, real-time “source of truth” for risk across spot and derivatives. * You anticipate market risks early and convert them into clear actions, thresholds, and playbooks. * You elevate overall risk maturity, enabling teams to better understand and manage market volatility.
You gain the unique opportunity to establish the definitive "single source of truth" at scale, moving beyond mere reporting to drive high-stakes innovation in the Web3 space. This is a platform to exercise true ownership, where you will solve industry-defining challenges and elevate the organization's analytical maturity through visionary leadership and continuous analytical evolution.
* Application Review – We assess for skills, alignment, and intent * Recruiter Connect – A short conversation to understand you better * Functional Round(s) – Deep dive into your approach, craft, and problem-solving * Assignment / Simulation Round – * A take-home task or live problem-solving exercise to understand how you think and execute in real scenarios * Culture & Values Discussion – A conversation to understand our ways of working and how you thrive best * Founder Conversation (Optional) – For certain roles and senior levels, you may meet our founders to explore strategic alignment and long-term fit
We believe the best ideas emerge when people build together. Collaboration, speed and trust come alive when teams share the same space.
With this belief, we operate as a work-from-office organisation. This role is based out of our Bangalore office, where energy, alignment and innovation move in real time.
We believe great people deserve great experiences.
If you’re looking for a role that gives you direct access to high-stakes decisions, deep impact and a chance to build the future of finance, this is it.
Join CoinDCX and help us make crypto accessible to every Indian, together.
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