About the Role
You will be the primary owner of the exchange's margin ecosystem, balancing capital efficiency for traders with systemic safety for the platform. You will develop and refine risk parameters, conduct stress testing on margin models, and perform post-mortem analysis on liquidations to identify failure patterns. You will investigate negative equity cases, recommend adjustments to the insurance fund or liquidation engine, and partner with engineering to design real-time risk dashboards. You will also collaborate with the Customer Experience team to investigate trader complaints and analyze order book depth and execution quality.
Requirements
- 3–5 years in Risk Management, Quantitative Analysis, or Operations within a Crypto Exchange, FinTech, or Traditional Derivatives Clearinghouse (CCP)
- Strong grasp of perpetual swaps, futures, and auto-deleveraging (ADL) mechanics
- Ability to work with SQL for data extraction and Python/R for quantitative modeling
- Experience with BI tools (Tableau, Grafana, or Looker) is a plus
- Ability to analyze trade logs to determine causes of liquidation failures
- Ability to explain complex margin mechanics to non-technical stakeholders and customers
Responsibilities
- Own and optimize margin calculations across Isolated, Cross, and Portfolio Margin modes
- Develop and refine risk parameters including maintenance margin, initial margin, and haircut models
- Conduct stress testing and back-testing on margin models against extreme market volatility
- Perform post-mortem analysis on trader liquidations to identify patterns of failure
- Investigate cases of negative equity to determine causes and recommend adjustments to the insurance fund or liquidation engine logic
- Partner with engineering to design and build real-time risk dashboards monitoring exchange-wide health, leverage ratios, and margin utilization
- Translate complex risk requirements into technical specifications for automated risk-mitigation tools
- Collaborate with the Customer Experience team to investigate trader complaints regarding slippage or liquidity constraints
- Analyze order book depth and execution quality to understand liquidity gaps contributing to liquidation cascades
Benefits
- Collaborative remote work environment allowing work life balance
- Growth framework that drives fast, continuous improvement
- Opportunity to learn and collaborate with the leadership team
- Team offsites and employee engagement activities