Head of Risk Quant
London
Recruiting Services /
Remote
Role Overview
The Head of Risk Quant is responsible for managing the overall liquidation, margin and market risk of this exciting Crypto Derivatives Hybrid Exchange startup while overseeing the development and enhancement of critical trading algorithms, margin models, and structured product designs. This role requires a strategic leader with deep expertise in crypto options trading, risk management.
Key Responsibilities
- Risk Management and Monitoring:
- Oversee and manage the overall risk of the exchange.
- Continuously monitor risky positions across the exchange and execute liquidations via RFQ trading with market makers or back-to-back hedging on external exchanges.
- Enhance and maintain risk monitoring tools.
- Manage the risk of the insurance fund at the exchange.
- Margin and Liquidation Logic Enhancement:
- Enhance and manage the liquidation algorithms.
- Improve margin models to support crypto options and perpetual swaps.
- Risk Management System and Engine Optimization:
- Enhance the existing risk management system and liquidation engine to better address market risks.
- Collaborate with engineers to optimize the product suite and risk management system.
- New Product Development:
- Design new product lines (e.g., option combos, structured products).
- Develop corresponding market making strategies for new products.
- Market Making Strategies:
- Create and implement systematic market making and hedging strategies for structured products (such as binary options).
- Product and System Collaboration:
- Cooperate with engineers to optimize the existing product suite and risk management system.
- Create PRDs (Product Requirement Documents) for new trading and risk management products.
Qualifications
- Master's degree in Finance, Economics, Mathematics, or a related field.
- Extensive experience in risk management, especially in the crypto options space.
- Deep understanding of derivatives, including perpetual swaps and options.
- Strong knowledge of margin and liquidation logic.
- Experience designing and implementing trading and risk management strategies.
- Excellent analytical and problem-solving skills.
- Ability to work collaboratively with engineering teams.
- Ability to code systematic trading algorithms and back testing
Skills & Competencies
- Strategic mindset with strong leadership abilities.
- Advanced quantitative and analytical skills.
- Exceptional knowledge of trading algorithms and market structure.
- Familiarity with crypto exchanges' risk management practices and regulatory environments.
