Head of EMEA Risk Management, Galaxy
Plus Bonus
Investment management firm
Job no longer available
Investment management firm
1001+ employees
Job no longer available
Plus Bonus
1001+ employees
Company mission
To engineer a new economic paradigm.
Role
Who you are
- 10+ years of experience in risk management, with significant expertise in digital assets and market risk, within a hedge fund, investment bank, or related financial institution
- Advanced degree in Finance, Economics, Mathematics, or a related field, with professional certifications such as FRM or CFA being highly desirable
- Proven leadership capabilities and the ability to manage a team focused on digital asset risk
- Demonstrated experience with the FCA's IFPR and the ICARA process, including a successful track record of engaging with regulators
- Demonstrated experience of managing ERM Frameworks and implementing ERM strategies
- Strong analytical, quantitative, and technical skills, with experience in risk modeling tools and techniques relevant to digital assets
- Exceptional communication skills, with the ability to articulate complex risk scenarios and strategies in digital assets to diverse stakeholders
- Comprehensive understanding of the digital asset ecosystem, including cryptocurrencies, tokenized assets, blockchain technology, and the associated regulatory landscape
- Strategic and proactive in risk management, with the foresight to anticipate and address risks in the fast-paced digital asset market
- Experience in Python, SQL, and Excel
What the job involves
- The Director of Risk Management will play a pivotal role in our organization, leading our market risk management efforts to identify, assess, and mitigate risks that could impact our portfolio
- The ideal candidate will bring a strategic perspective to risk management, ensuring that our fund navigates market volatilities with a proactive and prudent approach
- This role requires a combination of deep understanding of both traditional market risk principles and the unique challenges and opportunities presented by the digital asset markets
- Design and implement cutting-edge market risk management strategies and policies to identify, measure, and manage market-related risks, including interest rate, currency, equity, commodity risks, and the unique volatility, liquidity, and regulatory aspects of digital assets
- Lead the local market risk management team with a specific focus on digital assets, promoting a culture of risk awareness and disciplined risk-taking across digital and traditional asset classes
- Own and champion GDUK’s Enterprise Risk Management Framework. Work with 2nd/3rd LoD functions to ensure all Non-Market Enterprise Risks are identified and mitigated to within Risk Appetite
- Ensure adherence to the FCA's IFPR and actively participate in the ICARA process. The candidate must demonstrate a thorough understanding of the regulatory requirements specific to digital asset investments
- Work closely with the trading team to integrate risk management practices into the decision-making process, aligning with local risk appetite and investment objectives
- Perform rigorous risk assessments and scenario analysis tailored to digital asset markets, evaluating the potential impact of market, regulatory, and technological changes on the portfolio
- Develop and oversee advanced risk analytics and modeling techniques specific to digital assets to enhance risk measurement and reporting
- Serve as the primary advisor on market risk issues related to digital assets for senior management, recommending strategies to mitigate risks while seizing market opportunities
- Maintain up-to-date knowledge of the digital asset market trends, regulatory developments, and risk management best practices to continuously refine our risk management framework
- Leverage on-chain information to enable data driven decision making and risk management
- Assist in the development and maintenance of systems to calculate risk metrics
- Direct Regulator engagement when required
Salary benchmarks
Our take
Galaxy Digital Holdings was founded to bring institutions into the blockchain revolution, envisioning a society where values and ownership flow as freely as information. Galaxy has captured the massive growth in the space over the past few years, offering its clients a range of financial solutions spanning the digital assets ecosystem, operating five synergistic business lines: Trading, Asset Management, Principal Investments, Investment Banking, and Mining.
The company exists within a highly volatile industry but has emerged stronger following the recent crypto reset. While reports claim the company is planning to cut one-fifth of its workforce, Galaxy itself has stated that it is currently focused on considering optimal team structure and strategy.
In 2024, Galaxy announced that it had entered into an agreement with Canaccord Genuity Corp. for a bought deal offering, raising gross proceeds of approximately US$100 million. This move is aimed at bolstering the company’s financial position, with proceeds intended for working capital and general corporate purposes.
Freddie
Company Specialist at Welcome to the Jungle
Insights
16% employee growth in 12 months
Company
Funding (1 round)
Feb 2018
$18m
SERIES B
Total funding: $18m
Company benefits
- Equity Exposure for All Employees - Through broad and meaningful equity participation, we desire to have our employees work collaboratively and act as long-term shareholders
- 401(k) Contributions- Galaxy offers a 401(k) retirement savings plan with a 3% employer contribution and access to both Traditional and Roth options (US-only)
- Flexible Time Off and Parental Leave - You decide how many paid vacation and personal days off you want. Paid Parental Leave is available to give new parents the opportunity to care for and bond with their new child
- Full Paid Health Benefits - Company-paid health insurance for employees, partners, and other dependents, effective as of your start date
- Perks at Work - Galaxy provides various crypto education opportunities, a free Peloton membership with insurance, after-hours car service reimbursements, and more
- Employee Assistance Program - Confidential, 24/7 access to mental healthcare with a licensed therapist or psychiatrist. Benefits include 8 free video sessions per person, per year, for employees and any of their dependents age 18+
Company HQ
SoHo, New York, NY
Leadership
Mike Novogratz
(Investor)Previously acted as CIO for Fortress Investment Group and as a Partner of Goldman Sachs.
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