Risk Management Associate, Technical Projects
$102k - $128k USD
Who are we?
FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and cutting-edge technology, FalconX addresses the industry's foremost challenges: Navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever- evolving cryptocurrency landscape.
Impact
As a Risk Management Associate, you will play a critical role in managing risks associated with our trading activities while ensuring the timely delivery of strategic risk initiatives. You will bridge the gap between risk strategy and technical execution, coordinating projects that align with FalconX’s global objectives. Your expertise will help build robust in-house risk capabilities, ensuring FalconX maintains its competitive edge while safeguarding against market and operational risks.
Responsibilities
Core Risk Management:
- Risk Assessment & Analysis: Conduct comprehensive risk assessments specifically for derivatives products and crypto assets, proactively identifying potential vulnerabilities in trading strategies. You will analyze derivatives market trends, price movements, and regulatory developments to accurately assess their impact on the company's portfolio.
- Monitoring & Reporting: Develop and implement bespoke risk metrics and monitoring tools tailored to the derivatives portfolio to ensure accurate assessment of exposure. You will prepare detailed risk reports for senior management that highlight key exposures, trends, and performance metrics, ensuring complex concepts are communicated clearly.
- Stress Testing & Modeling: Perform rigorous stress tests on the portfolio to evaluate resilience under adverse market conditions and potential worst-case scenarios. You will also regularly review and refine risk models and methodologies to maintain their relevance and accuracy in a fast-changing market.
- Mitigation Strategies: Collaborate closely with traders and portfolio managers to develop and implement risk mitigation strategies, such as hedging and diversification techniques specific to derivatives. You will evaluate and recommend risk-reducing trades to ensure optimal financial outcomes.
Technical Project Management:
- End-to-End Project Execution: Plan, execute, and oversee strategic risk management projects from inception to completion, ensuring they align with global risk strategies. You will define project scope, gather requirements, and establish strict timelines to ensure timely delivery of risk-related initiatives.
- Cross-Functional Coordination: Act as the primary bridge between the Risk team and other departments—specifically Product, Engineering, Trading, and Compliance. You will facilitate communication to ensure cohesive project execution and ensure that technical builds meet the specific needs of the Risk function.
- Process Automation & Technology: Identify opportunities to enhance efficiency by automating manual risk assessment and reporting procedures. You will evaluate and implement new technologies and tools that improve the effectiveness of the risk framework.
- Oversight & Delivery: Monitor project progress continuously, identifying potential execution risks early and implementing mitigation strategies to ensure success. You will provide technical oversight to project teams, ensuring adherence to best practices and industry standards.
Success in This Role
- Builder Mindset: You will help build in-house Risk Management capabilities, streamlining and consolidating processes to ensure real-time, accurate risk information is available to all stakeholders.
- Adaptability: You demonstrate passion for working in a dynamic business environment with the enthusiasm to learn and grow within the digital assets industry.
- Collaboration: You work effectively with all teams (Trading, Research, Compliance, Legal) to ensure a holistic approach to risk management and achieve optimal financial outcomes for the organization.
- Execution: You exhibit strong multitasking abilities, working efficiently under pressure to prioritize tasks and manage workloads to meet internal needs.
Required Qualifications
- Education: Bachelor’s degree in Finance, Computer Science, Engineering, or a related field.
- Experience: 3–5+ years of experience in risk management or technical project management, preferably within financial services, fintech, or a financial services start-up.
- Technical Knowledge: Strong understanding of digital asset trading (spot & derivatives) and relevant risk management practices.
- Project Skills: Excellent organizational and multitasking skills, with the ability to manage multiple projects simultaneously and prioritize tasks.
- Communication: Strong verbal and written communication skills, with the ability to facilitate coordination between diverse departments.
- Attributes: Self-motivated, highly independent, and capable of maintaining a high level of accuracy in a dynamic environment.
Preferred Qualifications
- Technical Skills: Proficiency in programming languages such as Python, SQL, or R, with a focus on financial engineering. Experience with VBA or AppScript is a plus.
- Certifications: PMP certification or similar project management credentials.
Industry Context: Prior experience in the cryptocurrency market is advantageous.
Compensation
Base pay for this role is expected to be between $102,000 - $128,000 USD for New York City. This expected base pay range is based on information at the time this post was generated. This role will also be eligible for other forms of compensation such as a performance-linked bonus, equity, and a competitive benefits package. Actual compensation for a successful candidate will be determined based on a number of factors such as location, skillset, experience, and qualifications.
Notice at Collection and Privacy Policy
Applicants located in California and/or applying to a role based in California, please refer to our Notice at Collection and Privacy Policy here.
Inclusivity Statement
FalconX is committed to building a diverse, inclusive, equitable, and safe workspace for all people. Our roles are intended for people from all walks of life. We encourage all those interested in applying to our organization to submit an application regardless if you are missing some of the listed background requirements, skills, or experiences!
As part of our commitment to inclusivity, FalconX would like to acknowledge that the EEOC survey has limited potential responses that you can select. For legal reasons, FalconX must use this language to align with federal requirements, however, we want to ensure that you are able to provide a response to our own voluntary survey questions about your identity that best aligns with your most true self.
FalconX is an equal opportunity employer and will not discriminate against an applicant or employee based on race, color, religion, national origin, ancestry, ethnicity, sex (including gender, pregnancy, sexual orientation, and gender identity), age, physical or mental disability, veteran or military status, genetic information, citizenship, or any other legally-recognized protected basis under federal, state, or local law.
Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and other applicable state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on FalconX. Please inform FalconX’s People team at recruiting@falconx.io, if you need assistance with participating in the application process.