Market Risk Manager

1 day ago


Singapore QCP Full time
Job Title:

Market Risk Manager

Description:

QCP is a leading digital asset trading firm in Singapore, established in 2017. The company aims to partner with the next generation of investors to unlock institutional opportunities in digital assets. As a global market maker in digital asset derivatives, QCP brings expertise gained from thriving through multiple market cycles.

The company offers a range of tailored derivatives and spot trading as well as structured solutions to institutional, professional and accredited investors. QCP provides 24/7 liquidity across various markets in partnership with various exchanges and platforms. The firm is headquartered in Singapore and is supported by a strong team of professionals in trading, business development, operations, risk and compliance teams.

Key Responsibilities:

This role will join the risk team in developing and rolling out risk models and monitoring risk limits for both internal and regulatory use. The team comprises of two Risk Analysts and a Risk Quant.

  • Assist Head of Risk to develop, document, prototype and test risk models for quantifying the firm's overall risk exposure on the market making books, as well as the various quantitative and discretionary prop books.
  • Rolling out and monitoring agreed market risk frameworks for the management of market risks
  • Ensure relevant risk measures, controls and processes are in place, and to run a daily monitoring and reporting process to stakeholders in an accurate and timely fashion.
  • Ensure that risk decisions are transparent and supporting rationales are explained in a professional courteous manner, especially when turning down proposals.
  • Responsible for regular or ad-hoc market risk activities reports / information / analysis to management.
  • Support new product approval process through market risk identification, risk measurement, limits setting and monitoring for breaches.
  • Assist Head of Risk in managing QCP's risk profile and managing regulatory relationships to ensure compliance with regulatory requirements and alignment with regulatory developments.
  • Reports to the Head of Risk.
Requirements:
  • Experienced market risk manager with in-depth knowledge and understanding of options and FX/interest rate derivative.
  • Basic coding experience in Python/R for prototyping risk models.
  • Deep interest in crypto and basic understanding of protocols/mechanisms in the various DeFi sectors - including but not limited to option vaults, borrowing/lending, Automated Market Making, etc.
  • Understanding of the mechanics of the crypto derivatives market - including the perpetual futures market, term futures market and options markets
  • Keen to learn more about the various cryptocurrencies and their idiosyncrasies.
  • Comfortable working in a start-up culture with a flat structure and open working concept
Benefits:

We offer a high level of autonomy at work. We focus on substance, not form - as long as you can perform, you will be recognized and rewarded. We are also dedicated to supporting our staff and ensuring they develop holistically to maximize their potential in the long-term.

We provide flexible working arrangement as required and a casual and fun environment to boot


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