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Risk Management Associate

FalconX

FalconX

Operations
New York, USA
Posted on Wednesday, May 8, 2024

Who are we?

FalconX is the most advanced digital asset platform for institutions. We provide trade execution, credit & treasury management, prime offering and market making services. Given our global operations, industry-leading technology and deep liquidity, we have facilitated client transactions of $1 trillion in volume. Our products & services are regulated, compliant and trusted.

We are a team of engineers, product builders, institutional sales and trading leaders, operations experts, and business strategists. Our teammates have entrepreneurial experience and come from companies such as Google, Apple, Paypal, Citadel, Bridgewater, and Goldman Sachs. And, we embody our values: Think big; Drive bold outcomes; Be one team; Iterate with speed; and be an entrepreneur.

We prioritize learning. Outcomes are mission-critical, but we also believe that learning in success and in failure will drive our continued success. Our industry is emergent - there’s no shortage of experiments to get involved with and to continue growing and learning together.

Required Location: New York, USA

Impact

At FalconX, you’ll have a significant influence on the broader success of the digital asset landscape. Some of the largest financial institutions from Wall Street to Silicon Valley and around the world will turn to you for the best market prices and insights on the crypto industry. You will become an expert on crypto industry trends and market movements. With your experience, you will help shape our company’s trading strategies according to our core values - speed, transparency, and trust. You will be an ambassador of FalconX, constantly improving your knowledge of our offering and sharpening knowledge of best market practices.

FalconX is on a mission to redefine the world’s institutional brokerage for digital assets. As one of the fastest-growing startups in FinTech, we offer best-in-class pricing and execution capabilities for institutional traders and investors. We are fueled by our vision to expand the digital asset ecosystem with industry-leading prime brokerage solutions.

We believe in being data-driven, valuing diversity and debate, and moving fast. With us, you'll have a significant influence on the broader success of the digital asset landscape. You'll become an expert on crypto industry trends and market movements, shaping our risk management strategies guided by our core values - speed, transparency, and trust.

Responsibilities:

  • Risk Assessment and Analysis: Conduct thorough risk assessments of crypto assets and investment strategies to identify potential risks and vulnerabilities. Analyze market trends, price movements, and regulatory developments to assess their impact on the company's portfolio. Counterparty credit assessments and margin calls.
  • Risk Measurement and Monitoring: Develop risk metrics and monitoring tools to assess the exposure and performance of the crypto portfolio. Regularly review risk models and methodologies to ensure accuracy and relevance.
  • Portfolio Stress Testing: Conduct stress tests on the crypto portfolio to assess its resilience to adverse market conditions and evaluate potential worst-case scenarios.
  • Market Research and Intelligence: Stay up-to-date with the latest developments and trends in the crypto market, including regulatory changes, emerging technologies, and competitor activities. Provide actionable insights to inform risk management strategies.
  • Risk Reporting: Prepare regular risk reports for senior management, highlighting key risk exposures, trends, and performance metrics. Communicate complex risk-related concepts in a clear and concise manner.
  • Risk Mitigation Strategies: Collaborate with traders and portfolio managers to develop risk mitigation strategies, including hedging and diversification techniques. Evaluate and recommend risk-reducing trades and investment opportunities.
  • Compliance and Regulatory Oversight: Ensure compliance with relevant regulations and internal risk policies. Monitor regulatory changes and update risk management practices accordingly.
  • Internal Controls and Process Improvement: Identify opportunities to enhance risk management processes, including automation of risk assessment and reporting procedures. Implement internal controls to safeguard against operational risks.
  • Cross-Functional Collaboration: Work closely with other teams such as Trading, Research, Compliance, and Legal to ensure a holistic approach to risk management and maintain a cohesive risk management framework.
  • Continuous Learning: Stay informed about the latest developments in risk management practices, financial instruments, and technologies in the crypto space. Attend relevant conferences, workshops, and industry events.

Success:

  • As a Risk Management Associate, you will help build in-house Risk Management capabilities, streamline & consolidate processes, and ensure real-time & accurate risk information to all the stakeholders.
  • Passionate about working in a business function with enthusiasm to learn and grow in a challenging business environment of the Digital assets industry.
  • Work closely with all the teams to ensure the best financial outcomes for the organization.
  • Ability to multi-task, work effectively under pressure, prioritize, and manage workload to meet internal needs.

Required Qualifications:

  • Bachelor’s degree in Finance or related field with 3-5+ years of experience in Risk Management.
  • Experience of working in a Financial Institution or financial services start-up.
  • Self-motivated with great initiative and highly independent.
  • Maintain a high level of accuracy.
  • Strong verbal and written communication skills.

Preferred Qualifications:

  • Programming in Python, SQL, or R. Financial engineering
  • VBA coding in Excel or AppScript in Google sheets
  • Crypto experience nice to have but not required

Compensation

Base pay for this role is expected to be between $110,000 and $160,000 USD. This expected base pay range is based on information at the time this post was generated. This role will also be eligible for other forms of compensation such as a performance linked bonus, equity, and a competitive benefits package. Actual compensation for a successful candidate will be determined based on a number of factors such as skillset, experience, and qualifications.

Notice at Collection and Privacy Policy

Applicants located in California and/or applying to a role based in California, please refer to our Notice at Collection and Privacy Policy here.

Inclusivity Statement

FalconX is committed to building a diverse, inclusive, equitable, and safe workspace for all people. Our roles are intended for people from all walks of life. We encourage all those interested in applying to our organization to submit an application regardless if you are missing some of the listed background requirements, skills, or experiences!

As part of our commitment to inclusivity, FalconX would like to acknowledge that the EEOC survey has limited potential responses that you can select. For legal reasons, FalconX must use this language to align with federal requirements, however, we want to ensure that you are able to provide a response to our own voluntary survey questions about your identity that best aligns with your most true self.

FalconX is an equal opportunity employer and will not discriminate against an applicant or employee based on race, color, religion, national origin, ancestry, ethnicity, sex (including gender, pregnancy, sexual orientation, and gender identity), age, physical or mental disability, veteran or military status, genetic information, citizenship, or any other legally-recognized protected basis under federal, state, or local law.

Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and other applicable state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on FalconX. Please inform FalconX’s People team at [email protected], if you need assistance with participating in the application process.