Risk Manager, Market and Credit

FalconX • New York, NY

100d • $153,000 - $207,000

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. As a Risk Manager, Market and Credit on the Risk Team, you will play a crucial role in managing and mitigating market and credit 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.

Requirements

• Bachelor’s degree in Finance, Economics, or a related field.
• 5-7+ years of experience in risk management, focusing on market and credit risk.
• Experience working in a financial institution or financial services start-up.
• 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

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

Responsibilities

• Create, develop, and execute strategies to manage firm-wide market and credit risks effectively by collaborating with trading, finance, and other relevant teams.
• Conduct comprehensive assessments of firm-wide market and credit risks, identifying potential vulnerabilities and developing strategies to mitigate these risks.
• Monitor and analyze market trends, price movements, and credit metrics to ensure adequate risk management under various market conditions.
• Develop and implement risk metrics and monitoring tools to assess the firm's market and credit exposure, ensuring accurate and timely reporting.
• Perform stress testing and scenario analysis to evaluate the firm's resilience to adverse market conditions and potential worst-case scenarios related to market and credit.
• Stay informed about industry trends, regulatory changes, and emerging risks in market and credit management, providing actionable insights to inform risk management strategies.
• Prepare detailed risk reports for senior management, highlighting key market and credit exposures, trends, and performance metrics.
• Ensure compliance with relevant regulations and internal risk policies, particularly those affecting market and credit risk management, 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 operational risks.
• Continuously update your knowledge of risk management practices, financial instruments, and technologies related to market and credit.

Benefits

• Base pay for this role is expected to be between $153,000 - $207,000 USD for New York City.
• This role will also be eligible for other forms of compensation such as a performance-linked bonus, equity, and a competitive benefits package.

What This Job Offers

• Education Level: Bachelor's degree