Market Risk Strategist, OKX
$214-257k
Cryptocurrency trading app
Open for applications
Cryptocurrency trading app
1001+ employees
Open for applications
$214-257k
1001+ employees
Company mission
To eliminate financial barriers, evolve the global economy, and change the world for better.
Role
Who you are
- We are looking for a versatile and intellectually curious Market Risk Strategist to join our team
- This role requires expertise in quantitative risk techniques, experience with institutional market risk methodologies, and a passion for navigating the complexities and rapid evolution of the crypto market
- Education: Master’s or Ph.D. in Quantitative Finance, Mathematics, Statistics, Computer Science, or other quantitative fields
- Experience: 8+ years of experience in a Market Risk, Quantitative Risk, or Front Office Quant role at a major investment bank, asset manager, hedge fund, or sophisticated financial technology firm
- Quantitative Skills: Strong knowledge of financial modeling and statistical techniques. Hands-on experience with stochastic calculus and numerical methods in pricing and risk models
- Technical Proficiency: Expert proficiency in one or more object-oriented programming languages for quantitative model building and data analysis (e.g., NumPy, Pandas, Scikit-learn, SQL)
- Market Knowledge: Solid understanding of derivatives pricing, margining systems, and crypto assets and crypto market structure
- Communication: Strong communication skills to present complex findings to both technical and non-technical stakeholders
What the job involves
- The OKX Central Risk function is responsible for overall risk management including market risk, counterparty credit risk, liquidity risk, enterprise risk, operational risk, model development, and model validation
- We’re deeply committed to the top risk standards of the crypto industry, protecting the company from financial, regulatory and reputational risks
- Our team consists of seasoned risk professionals who are based across our global offices
- The Market Risk Strategist will be responsible for quantifying, analyzing, and monitoring market risk exposures generated by OKX's exchange trading, lending, and treasury activities
- Drive continuous improvement to OKX's market & counterparty risk methodologies, tailoring traditional techniques to the unique risks of the crypto market (e.g., market fragmentation, token liquidity risks)
- Propose, review, and rigorously backtest potential changes to margin and liquidation model parameters, covering derivatives (perpetuals, expiry futures) and spot margin trading activities
- Maintain model documentation and assist with periodic model performance review and revalidation in accordance with internal policies and evolving global regulatory expectations
- Evaluate margin methodologies for new and existing clients, considering various trading strategies (e.g., long/short, market making, funding arbitrage, etc) and portfolio complexity
- Design and execute stress testing and scenario analyses utilizing both historical scenarios (e.g., Oct 11 market stress) and hypothetical scenarios tailored to the unique risks of crypto
- Conduct analysis on new products prior to launch, ensuring market and liquidity risks are comprehensively identified, measured, and managed
- Develop tools for risk estimation, high-impact dashboards for visualization, and automated risk reports for internal stakeholders and management
- Work closely with Product and Engineering teams to transition quantitative prototypes into robust, production-quality risk measurement tools and models
Our take
While cryptocurrency holds the promise of freedom in personal finances and the possibility of large financial rewards through trading, it can be intimidating to get started. OKX, a long-standing crypto currency exchange, exists to solve that problem, removing the knowledge barriers to cryptocurrency trading with an easy-to-use, all in one platform.
OKX is one of the larger cryptocurrency exchanges, though it is a bit smaller than the market leaders Binance and Coinbase Exchange. Where it shines is in the sheer range of its services, which are designed to be versatile enough for any user, ranging from a crypto exchange to NFT and decentralised finance investment products. With a reputation for security and reliability, it has a user base of over 50+ million active accounts in over 180 countries.
OKX is using its structural position in cryptomarkets to help support the entire sector, announcing a market recovery fund to protect crypto firms facing collapse following the FTX crisis. Additionally, it is expanding into Web3 gaming with a 2023 partnership with Thirdverse, further increasing the scope of its offering to its client base. As long as it can continue to weather the tough market conditions for cryptocurrency, it should maintain its excellent position to continue its growth.
Freddie
Company Specialist at Welcome to the Jungle
Insights
65% employee growth in 12 months
Company
Company benefits
- Comprehensive insurance package including medical, dental, vision, disability & life insurance.
- Paid Parental Leave
- Employee Referral Bonus Program paid in BTC
- More surprises when you join!
Leadership
Star Xu
(Founder & CEO)Previously an Engineer at Yahoo before becoming the Chief Technology Officer at DocIn. They later founded OKX and has recently reclaimed the title of CEO
Salary benchmarks
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