Cryptocurrency Risk Management Specialist
2 days ago
Established in 2017, QCP is a pioneering digital asset trading firm based in Singapore. Our mission is to empower the next generation of investors by unlocking institutional opportunities in digital assets.
We offer a comprehensive range of tailored derivatives and spot trading solutions, as well as structured products for institutional, professional, and accredited investors. Our 24/7 liquidity services are designed to provide seamless access to various markets through partnerships with leading exchanges and platforms.
Headquartered in Singapore, we boast a strong team of professionals across trading, business development, operations, risk, and compliance departments. Our in-house publications offer valuable insights into the rapidly evolving digital asset landscape, accessible on our Telegram channel, website, Twitter handle, and LinkedIn page.
Job DescriptionThis role will join our risk management team in developing and implementing cutting-edge risk models, monitoring risk limits, and ensuring regulatory compliance. The successful candidate will work closely with our Head of Risk to:
- Develop, document, prototype, and test risk models to quantify our overall risk exposure on market making books and proprietary trading desks.
- Roll out and monitor market risk frameworks to effectively manage market risks.
- Evaluate and implement relevant risk measures, controls, and processes to ensure accurate and timely reporting to stakeholders.
- Communicate risk decisions transparently and professionally, especially when declining proposals.
- Provide regular or ad-hoc market risk activity reports to senior management.
- Support new product approvals by identifying, measuring, setting, and monitoring risk limits.
- Collaborate with the Head of Risk to manage our risk profile and maintain regulatory relationships, ensuring compliance with evolving regulations.
As a Cryptocurrency Risk Management Specialist, you will be responsible for:
- Ensuring consistent application of our market risk framework.
- Assessing market risks and making informed risk-return decisions.
- Reviewing and implementing traded risk measurement methodologies.
- Analyzing market risk data and formulating strategies to reduce and mitigate risks.
- Designing and implementing stress tests and scenario analysis for our trading desks.
- Maintaining real-time monitoring of Value-at-Risk (VaR), Conditional VaR (CVaR), and stress tests for all trading desks.
You will identify and report material risks to the Head of Risk, challenge business teams with evidence, and recommend relevant controls to manage emerging risks. Additionally, you will:
- Create transparency and escalate key exposures in blockchain layers to relevant stakeholders.
- Monitor internal and external events that could impact our business and recommend mitigation strategies.
- Track client accounts and positions for breaches of terms or margins offered.
We seek an experienced market risk manager with:
- In-depth knowledge of options and FX/interest rate derivatives.
- Basic coding experience in Python/R for prototyping risk models.
- A deep interest in cryptocurrency and basic understanding of DeFi protocols/mechanisms.
- Understanding of the crypto derivatives market, including perpetual futures, term futures, and options markets.
- Comfortable working in a dynamic start-up environment with a flat structure and open communication.
We offer a unique opportunity to make an impact in a fast-paced and innovative environment. As a member of our team, you can expect:
- A competitive salary range: $120,000 - $180,000 per annum, depending on experience.
- A high level of autonomy and recognition for your contributions.
- Ongoing support for your professional growth and development.
- A casual and fun work environment with flexible working arrangements.
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