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Market Risk Manager, Crypto Asset Trading

Morgan McKinley
Singapore
Posted 11 days ago Permanent Competitive
Market Risk Manager, Crypto Asset Trading
Job Summary
  • Singapore
  • Permanent
  • BBBH821667
  • Jul 07, 2022
  • Competitive
Job Description
Morgan McKinley is working in partnership with a Crypto Asset Trading firm which provide investors with bespoke access to new market opportunities.

The team is hiring a Market Risk Manager of which the role will be to manage the risk team, develop risk models and monitor risk limits for both internal and regulatory use.

Role and responsibilities
  • Propose a market risk framework for the management of market risks.
  • Develop risk models for quantifying the firm's overall risk exposure on the market making books, as well as the various quantitative and discretionary prop books.
  • Ensure relevant risk measures, controls and processes are in place, and to run a daily monitoring and reporting process to stakeholders.
  • Ensure that risk decisions are transparent and supporting rationales are explained in a professional courteous manner, especially when turning down proposals.
  • Responsible for regular or ad-hoc market risk activities reports / information / analysis to management.
  • Support new product approval process through market risk identification, risk measurement, limits setting and monitoring for breaches.
  • Full autonomy in controlling market risk within the firm and making recommendations to management on trading limits and stop losses for trading desks
  • Ensure that the market risk framework for the management of market risks is appropriately and consistently applied.
  • Ensure that market risks are properly assessed and that risk/return decisions are made transparently on the basis of this proper assessment, and risks are controlled in accordance with the risk appetite and thresholds.
  • Ensure that traded risk measurement methodologies are fit-for-purpose, comprehensive and implemented with integrity.
  • Review, recommend, discuss, and analyse traded market risk data and other financial product information, pertaining to cryptocurrencies spot and derivative trading, with a view of setting risk parameters to protect the firm from catastrophic losses.
  • Design and oversee the implementation of relevant stress tests and scenario analysis for the desks.
  • Understand the various positions taken the firm and do a real-time monitoring of the VaR, CVaR, and stress tests for all trading desks.
  • Identify and report material risks to the management and challenge the businesses with evidence that the material risks arising from their business activities have been identified, assessed, monitored, and reported.
  • Create transparency and escalate in a timely manner to relevant stakeholders regarding the key exposures in the various blockchain layers.
  • Identify and escalate new and emerging risks that could be material to the business. Recommend relevant controls to manage these emerging risks to avoid big losses.
  • Monitor internal and external events material to the firm and ensure appropriate management action is being taken to mitigate their impact.
  • Monitor client accounts and positions for breaches of any terms or margins offered
Key requirements
  • Experienced market risk manager with in-depth knowledge and understanding of options and FX/interest rate derivative.
  • Basic coding experience in Python/R for prototyping risk models.
  • Deep interest in crypto and basic understanding of protocols/mechanisms in the various DeFi sectors - including but not limited to option vaults, borrowing/lending, Automated Market Making, etc.
  • Understanding of the mechanics of the crypto derivatives market - including the perpetual futures market, term futures market and options markets
  • Keen to learn more about the various cryptocurrencies and their idiosyncrasies.
  • Comfortable working in a start-up culture with a flat structure and open working concept
Only shortlisted candidates will be responded to, therefore if you do not receive a response within 14 days please accept this as notification that you have not been shortlisted.

Morgan McKinley Pte Ltd, EA License No: 11C5502

Lee Boon Hou (Hagen), Registration No: R1870932

hlee@morganmckinley.com

Job ID  BBBH821667
ABOUT COMPANY
Singapore
61 Employees HR & Recruitment
As a global professional services recruitment consultancy, Morgan McKinley connects specialist talent with leading employers across multiple industrie...
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