Head of Market and Credit Risk

FalconX•New York, NY

27d•$187,000 - $253,000

About The Position

FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and cutting-edge technology, FalconX addresses the industry's foremost challenges: Navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever- evolving cryptocurrency landscape. Impact: As the Head of Market and Credit Risk Management within the Risk Management group, you will play a crucial role in managing and mitigating market and credit risk risks across FalconX. Your expertise will help ensure the firm's financial stability and operational resilience by safeguarding against potential market fluctuations and credit exposures. The role requires an individual with deep risk expertise, operational leadership skills, and the ability to partner effectively with technology, trading, legal, and operational teams in a rapidly evolving financial environment. Success: As the Head of Market and Credit Risk, you will contribute to building robust in-house capabilities for risk management, streamlining processes, and ensuring real-time, accurate risk information is available to all stakeholders. Demonstrate passion for working in a dynamic business environment, with enthusiasm to learn and grow within the digital assets industry. Collaborate effectively with all teams to achieve optimal financial outcomes for the organization. Exhibit strong multitasking abilities, work efficiently under pressure, prioritize tasks, and manage workload to meet internal needs.

Requirements

Master’s degree in Finance, Economics, or a related field, with 10-15+ years of experience in risk management.
Experience working in a financial institution or financial services start-up in market and credit risk management roles.
Strong analytical skills and attention to detail, with the ability to interpret complex financial data.
Self-motivated, with great initiative and the ability to work independently.
Maintain a high level of accuracy in all tasks.
Strong verbal and written communication skills, with the ability to present complex concepts clearly.

Nice To Haves

Experience with market and credit risk management tools and software.
Prior experience in the cryptocurrency market is advantageous but not required.
Proficiency in programming languages such as Python, SQL, or R, with a focus on financial modeling and analysis.

Responsibilities

Create, develop, and execute strategies to manage firm-wide risks effectively by collaborating with trading, credit, finance, and other relevant teams.
Conduct comprehensive assessments of market and credit risks, identifying potential vulnerabilities and developing strategies to mitigate these risks.
Oversee day-to-day operations of the market and credit risk function, ensuring effective coordination, workflows, and performance of risk team.
Monitor and analyze market trends, price movements, and metrics to ensure adequate risk management under various market conditions.
Develop and implement risk metrics and monitoring tools to assess the firm's exposures, ensuring accurate and timely reporting.
Drive automation and infrastructure for risk monitoring, integrating real-time analytics into risk governance processes.
Perform stress testing and scenario analysis to evaluate the firm's resilience to adverse market conditions and potential worst-case scenarios.
Stay informed about industry trends, regulatory changes, and emerging risks, providing actionable insights to inform risk management strategies.
Prepare detailed risk reports for senior management, highlighting key exposures, trends, and performance metrics.
Oversee market and credit risk policy management, internal controls, and procedures.
Ensure compliance with relevant regulations and internal risk policies, and update practices accordingly.
Identify opportunities to enhance risk management processes, including automation of risk assessment and reporting procedures, and implement internal controls to safeguard against risks.
Continuously update your knowledge of risk management practices, financial instruments, and technologies related market and credit risk management.