Market Risk Associate

Galaxy•New York, NY

About The Position

Galaxy is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. We believe that blockchain and digital asset innovation will transform how value moves through the world – and we’re building the products and services to make that future a reality. Our institutional digital assets platform spans trading, investment banking, asset management, staking, self-custody, and tokenization technology. We also invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, addressing the growing demand for scalable energy and compute in the U.S. We work at the intersection of finance and technology, helping institutions, startups, and developers navigate a digitally native economy. Led by CEO and Founder Michael Novogratz, our team blends deep crypto expertise with institutional experience and a shared commitment to shaping the future of Web3 and AI. Galaxy is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. To learn more about our businesses and products, visit www.galaxy.com. The role of the Analyst of Risk Management will contribute significantly to our risk management efforts by identifying, quantifying, and mitigating potential risks that could impact our portfolio. We are seeking an ideal candidate who can positively influence our risk management practices and help navigate market volatilities through a proactive and prudent approach. This position requires a deep understanding of traditional market risk principles and the unique challenges and opportunities of digital asset markets, as well as the best way to implement and quantify each.

Requirements

1+ years of experience in risk management or a related field within the finance/crypto industry.
Knowledge of financial products and crypto products.
Bachelor's degree or higher in a technical or quantitative discipline, with an advanced degree is preferred.
Detail-oriented, strong analytical, interpersonal, and communication skills.
Proficiency in Python coding is required.

Responsibilities

Develop and implement a market/liquidity risk management system, and actively participate in the formulation of rules and processes related to market/liquidity risk.
Design and implement innovative quantitative strategies, models, and policies for market risk management, focusing on identifying, measuring, and managing market-related risks such as interest rate, currency, equity, and commodity risks, while considering the unique aspects of digital assets, including volatility, liquidity, and regulatory factors.
Collaborate closely with the trading team to integrate risk management practices into the decision-making process, aligning with the fund's risk appetite and investment objectives.
Conduct comprehensive risk assessments and scenario analyses tailored to digital asset markets, evaluating the potential impact of market, regulatory, and technological changes on the portfolio.
Develop and oversee advanced risk analytics and modeling techniques specific to digital assets, enhancing risk measurement and reporting capabilities.
Stay up to date with digital asset market trends, regulatory developments, and risk management best practices to continuously refine our risk management framework.
Utilize on-chain information to enable data-driven decision-making and enhance risk management practices.
Assist in the development and maintenance of systems to calculate risk metrics.

Benefits

Competitive base salary and bonus
Competitive paid time off
Company-paid health and protective benefits for employees and their eligible dependents
Free virtual coaching sessions through Headspace
Free daily snacks in-office
Opportunities to learn about the Crypto industry
Smart, entrepreneurial, and fun colleagues

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