Market Risk Strategist

Okex-posted about 2 months ago
$214,000 - $257,000/Yr
Full-time • Mid Level
New York, NY
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The OKX Central Risk function is responsible for overall risk management including market risk, counterparty credit risk, liquidity risk, enterprise risk, operational risk, model development, and model validation. We're deeply committed to the top risk standards of the crypto industry, protecting the company from financial, regulatory and reputational risks. Our team consists of seasoned risk professionals who are based across our global offices. We are looking for a versatile and intellectually curious Market Risk Strategist to join our team. The Market Risk Strategist will be responsible for quantifying, analyzing, and monitoring market risk exposures generated by OKX's exchange trading, lending, and treasury activities. This role requires expertise in quantitative risk techniques, experience with institutional market risk methodologies, and a passion for navigating the complexities and rapid evolution of the crypto market.

  • Drive continuous improvement to OKX's market & counterparty risk methodologies, tailoring traditional techniques to the unique risks of the crypto market (e.g., market fragmentation, token liquidity risks).
  • Propose, review, and rigorously backtest potential changes to margin and liquidation model parameters, covering derivatives (perpetuals, expiry futures) and spot margin trading activities.
  • Maintain model documentation and assist with periodic model performance review and revalidation in accordance with internal policies and evolving global regulatory expectations.
  • Evaluate margin methodologies for new and existing clients, considering various trading strategies (e.g., long/short, market making, funding arbitrage, etc) and portfolio complexity.
  • Design and execute stress testing and scenario analyses utilizing both historical scenarios (e.g., Oct 11 market stress) and hypothetical scenarios tailored to the unique risks of crypto.
  • Conduct analysis on new products prior to launch, ensuring market and liquidity risks are comprehensively identified, measured, and managed.
  • Develop tools for risk estimation, high-impact dashboards for visualization, and automated risk reports for internal stakeholders and management.
  • Work closely with Product and Engineering teams to transition quantitative prototypes into robust, production-quality risk measurement tools and models.
  • Education: Master's or Ph.D. in Quantitative Finance, Mathematics, Statistics, Computer Science, or other quantitative fields.
  • Experience: 8+ years of experience in a Market Risk, Quantitative Risk, or Front Office Quant role at a major investment bank, asset manager, hedge fund, or sophisticated financial technology firm.
  • Quantitative Skills: Strong knowledge of financial modeling and statistical techniques. Hands-on experience with stochastic calculus and numerical methods in pricing and risk models.
  • Technical Proficiency: Expert proficiency in one or more object-oriented programming languages for quantitative model building and data analysis (e.g., NumPy, Pandas, Scikit-learn, SQL).
  • Market Knowledge: Solid understanding of derivatives pricing, margining systems, and crypto assets and crypto market structure
  • Communication: Strong communication skills to present complex findings to both technical and non-technical stakeholders
  • Competitive total compensation package
  • L&D programs and Education subsidy for employees' growth and development
  • Various team building programs and company events
  • Wellness and meal allowances
  • Comprehensive healthcare schemes for employees and dependants
  • More that we love to tell you along the process!
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