Market Risk Manager

QCP is Asia's leading digital asset partner, empowering clients to seamlessly integrate digital assets into their portfolios.
We offer a comprehensive range of solutions - from spot on/off ramping and fixed income strategies to vanilla options and bespoke exotics.
Driven by the vision to be the most trusted partner in digital asset markets, we provide innovative solutions that make digital assets a core component of every portfolio, balance sheet, and treasury.
Since our founding in 2017, we have witnessed the potential of digital assets to transform financial markets and the world at large. We exist at the centre of change, successfully navigating three market cycles and bridging institutional and crypto ecosystems.
We work to build trusted partnerships, putting client success and care at the heart of everything that we do.
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.
Market Risk Management
Ensure that the existing market risk framework for the management of market risks is appropriately and consistently applied.
Ensure that market risks are properly assessed and that risk/return decisions are made transparently on the basis of this proper assessment, and risks are controlled in accordance with the risk appetite and thresholds.
Ensure that traded risk measurement methodologies are fit-for-purpose, comprehensive and implemented with integrity.
Review, recommend, discuss, and analyse traded market risk data and other financial product information, pertaining to cryptocurrencies spot and derivative trading, with a view of formulating and developing strategies to reduce and mitigate risks.
Collaborate on the design and implementation of relevant stress tests and scenario analysis for the desks.
Understand the various positions taken by the firm and perform real-time monitoring of the VaR, CVaR, and stress tests for all trading desks.
Identify and report material risks to the Head of Risk and challenge the businesses with evidence that the material risks arising from their business activities have been identified, assessed, monitored, and reported.
Create transparency and escalate in a timely manner to relevant stakeholders regarding the key exposures in the various blockchain layers.
Identify and escalate new and emerging risks that could be material to the business. Recommend relevant controls to manage these emerging risks to avoid big losses.
Monitor internal and external events material to the firm and ensure appropriate management action is being taken to mitigate their impact.
Monitor client accounts and positions for breaches of any terms or margins offered.
Qualifications:
Experienced market risk manager with in-depth knowledge and understanding of options and FX/interest rate derivatives.
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.
The Environment We Offer
As a growing firm with a tightly-knit team, we respect and listen to all our employees. You will get the chance to make an impact by having your voice heard by everyone, including the management.
Our employees enjoy a high level of autonomy at work. We focus on substance, not just 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 also provide flexible working arrangements as required and a casual and fun environment to boot
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