Market Risk

2 weeks ago


Singapore THREE FINS PTE. LTD. Full time

**About Us**

BitMEX stands as a globally leading exchange for crypto derivatives, offering traders a professional-grade trading platform. Since its inception in 2014, BitMEX has maintained an impeccable security record with “no coin lost, ever”.

Our platform caters to cryptocurrency derivatives traders by providing low latency, deep liquidity, and maximum availability. Currently, BitMEX offers more than 100 derivatives contracts, 11 pairs for spot trading, and an easy covert function between 30 different cryptocurrencies.

In 2015, BitMEX revolutionised the market by inventing the Perpetual Swap, which has since become the most widely traded crypto product. Demonstrating a commitment to transparency, since 2021, BitMEX has been among the first exchanges to regularly publish its on-chain Proof of Reserves and Proof of Liabilities, ensuring that the funds available exceed the total client balances."

**Overview**

The core responsibility of this role is to maintain and enhance a strong risk control infrastructure around the revenue-generating capabilities of the firm. You’ll be expected to challenge and partner with the business to optimise risk and financial returns. You’ll also be involved in various other functions, including treasury, product control, and management reporting.

**Key Responsibilities**
- To further enhance the existing Group Risk Management Framework, related policies and controls
- To maintain and further develop the existing risk management tools and provide regular risk reporting to senior management
- To enhance control infrastructure around the trading function of the firm by:

- Ensuring the accuracy of relevant P&L and Balance sheet positions reported in the management reporting tools and that the applicable reconciliations have been completed and all issues identified/resolved
- Performing Independent Price Verification (IPV) of traders marks against external pricing sources
- Providing commentary on P&L swings and variance investigation
- To participate in the design and launching of new products, and establish/refine risk control policy and procedures for such products
- To monitor potential non-financial risks and work with Legal and Compliance team within the Group to mitigate the risks

**Qualifications**
- Bachelor Degree or above in a quantitative discipline such as quantitative risk management or related disciplines
- Minimum of 3 years’ experience in market risk management and product control
- Sound knowledge of financial products and strong affinity towards data reconciliation, Excel and programming skills
- Strong interpersonal and communications skills
- FRM holder is preferable
- Experience in credit risk management is a plus
- Fluency in English, both written and verbal



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