Head of Market Risk Polymarket
Overview
Lead the market risk framework for the Futures Commission Merchant and Derivatives Clearing Organization. Own end-to-end risk governance ensuring compliance and safety.
What You'll Do11
- 1Own the end-to-end market risk framework for the FCM and DCO including risk appetite limit structures and escalation triggers
- 2Serve as the primary market-risk voice to the Risk Committee and Board presenting exposures limit utilization and stress results
- 3Ensure the framework meets CFTC requirements and DCO Core Principles withstand regulatory scrutiny
- 4Partner with CRO/CEO on risk appetite calibration aligning FCM proprietary and client-facing risk sets monitors and tunes margin and concentration charges
- 5Work closely with quants and developers to build an end-to-end risk platform implementing the DCO risk methodology
- 6React decisively to changing market dynamics by adjusting parameters ahead of risk
- 7Design and run stress tests reverse stress tests and scenario analysis sizing the guaranty and default fund
- 8Contribute market-risk expertise to default management including auction and liquidation of a defaulting member's portfolio
- 9Monitor macro and market events assessing impact on cleared portfolios and the FCM
- 10Build and lead the market risk team setting standards for analytics monitoring and reporting
- 11Engage directly with clearing members and large clients on their risk profile margin requirements and exposure concentrations
Requirements10
- 1Direct trading experience managing risk on a desk derivatives futures options fixed income commodities or equities
- 2Expertise in managing risk at a DCO FCM or trading desk
- 3Hands-on experience calibrating market-risk methodologies such as VaR Expected Shortfall stress testing scenario analysis SPAN or portfolio margining
- 4Working knowledge of regulatory landscape for FCMs and DCOs including CFTC regulations DCO Core Principles customer fund segregation
- 5Exceptional communication skills presenting exposures model results and risk trade-offs to a Risk Committee Board and regulators
- 610+ years in market or clearing risk trading or a closely related discipline including leadership or senior individual contributor capacity
- 7Bachelor's degree in a quantitative field finance economics mathematics engineering or similar
- 8Experience at a clearinghouse FCM or IB or similar environment
- 9Advanced degree MBA MFE or graduate degree in a quantitative discipline and/or FRM CFA PRM
- 10Direct participation in a default-management event or industry default simulation
Salary Insight
Salary not disclosed in listing
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