Member of Global Risk Management, Market Risk

Anchorage Digital

About The Position

Anchorage Digital is hiring a Market Risk Manager to own the market risk framework and day-to-day oversight for its Global Markets business, including its swap dealer. The role measures, limits, and reports risk across derivatives, financing, spot trading with delayed settlement, and collateral rehypothecation, while developing tools and systems to measure risk. This is an independent, second-line role separate from trading and sales, combining risk judgment with hands-on engineering. The Market Risk Manager will challenge desk decisions, size stress scenarios, explain exposures to management, write production code, manage risk data, and replace spreadsheets with automated controls. The role works closely with Trading, Treasury, Accounting, Operations, and Engineering, and helps represent the risk function to regulators and auditors. The position supports a 24/7 business with volatile assets, fast-changing positions and collateral values, and limited historical data. It involves balancing business growth with protection of the firm's capital, liquidity, and regulatory standing; addressing emerging products and venues; and driving improvements to risk coverage, data, and systems through production. The successful candidate will contribute to a culture of risk management, continuous improvement, and strategic innovation.

Responsibilities

Run daily market risk oversight across spot, lending, and derivatives books, including VaR, stress tests, sensitivities, concentration, and liquidity-adjusted exposure.
Design, revise, and implement risk limits; escalate breaches and track remediation through closure.
Set and review collateral haircuts, initial and variation margin, concentration add-ons, and liquidation thresholds.
Build historical and hypothetical stress scenarios and translate results into limits and capital and liquidity impacts.
Contribute to the swap dealer risk management program, including limit documentation.
Work with platform, trading, and data teams on system design, access controls, and change management for risk-critical systems.
Produce risk reports for senior management, risk committees, and regulators.
Challenge business leaders with sound rationale, maintain limits, and foster constructive working relationships.
Explain quantitative risk concepts as clear, actionable insights for senior management, risk committees, and regulators.
Build cross-functional relationships to drive adoption of risk frameworks and influence organizational risk practices.
Identify gaps in risk coverage, data, or systems and drive fixes through to production.
Represent the risk function to regulators and auditors.