Risk Manager

We are looking for a hands-on, analytically sharp Risk Manager to build the foundational risk capabilities of our trading firm. This is a greenfield role designed for someone who can go deep into our trading strategies, construct risk metrics from first principles, and translate those into actionable insights that inform capital allocation, credit, and counterparty exposure.

The role will focus on risk observability: quantifying the firm's exposures at the team, token, and counterparty level using internal data, while designing the metrics and infrastructure to make these risks measurable and traceable. Over time, this role will evolve into a broader risk governance function, shaping risk guidelines and escalation processes across the firm. This is a high-impact role for someone who combines quantitative rigor, trading intuition, data fluency, and strong operational judgment.

Key Responsibilities
- Build and maintain real-time dashboards that track market, team-level, and counterparty risk exposures
- Design and implement custom risk metrics suited to crypto-native trading strategies, including:

- Token-level delta and leverage exposure
- Margin-to-equity and liquidation thresholds
- Concentration and systemic counterparty risks
- Run scenario analyses and stress tests to assess potential drawdowns and exposure risks under different market regimes
- Translate risk metrics into inputs for capital allocation, margin planning and decision-making
- Establish lightweight governance frameworks:

- Define thresholds and buffers
- Set up escalation paths for breach events
- Evolve guidelines based on trading behavior and firm growth
- Partner with Treasury, BD and Trading teams to socialize risk insights and inform day-to-day and capital allocation decisions

Required experience and skills
- 8-10 years of experience in a trading firm, structured product platform, or prime brokerage in a risk management role
- Demonstrated ability to construct and operationalize custom risk metrics relevant to trading strategies and book structure
- Strong knowledge of:

- Market risk principles
- Margin mechanics and collateral flows
- Token-specific and counterparty-specific risk factors in crypto
- Experience collaborating with capital, trading, and data teams on exposure management
- Track record of defining, implementing and enforcing risk governance policies, escalation rules, and thresholds

Technical skills
- Strong SQL and data dashboarding experience
- Ability to implement new risk views and metrics using internal data
- Bonus: Python experience or prior involvement in building/defining data pipelines for custom metrics
- Bonus: Familiarity with crypto specific trading infrastructure

Key attributes
- Ability to work autonomously and drive processes forward
- Independent problem-solver who can build scalability
- Ability to leverage analytical depth to inform decision making through a data driven approach
- Cross-functional operator, managing multiple internal stakeholders
- Ability to distill complex risk into actionable decisions and frameworks

**Compensation & Benefits**:

- Competitive salary based on experience
- Participation in company bonus pool
- Daily catered lunch
- Health insurance and wellness benefits
- Unlimited vacation policy

**About Caladan**:
Caladan makes digital asset markets more efficient and fair. We support exchanges, tokens, and institutional investors with on-exchange liquidity, DeFi expertise, treasury solutions, and investments. Since 2017 we've been a pioneer in crypto market-making, powering over $50B in annual transactions across 1000+ assets.