Risk Analytics - Atlas Axais

Sky is transforming from a crypto bank into a crypto central bank, lending to independent allocators called Prime Agents who deploy capital across DeFi and Real-World Assets. As Risk Lead within Atlas Axis (Sky's Core Council GovOps), you will design and iterate the risk engine that keeps Sky safe, protects the USDS peg, and enables Primes to move fast. This is a builder role where you invent robust models, codify them into capital and liquidity policy, pressure-test them in fast decision forums, and shape how billions move across the ecosystem.

What you'll do

• Build foundational risk and governance infrastructure that enables Sky to scale from a handful of allocators to hundreds.
• Work at the cutting edge of DeFi, rapidly learning novel crypto primitives with zero historical precedent and translating qualitative unknowns into quantitative risk parameters.
• Make discretionary decisions that don't yet fit within existing rule bodies, including whether novel opportunities should be allowed, how much capital they require, and how Sky-level risk considerations flow down to individual allocator limits.
• Build operational tooling for the lending markets capital model (Basel-inspired, adapted to DeFi), including calculators, worked validation examples, and sensitivity analyses.
• Introduce interim, liquidity-aware parameter templates (exposure tiers with rate add-ons that scale with market depth), guide their adoption, and develop validation criteria for systematic replacement frameworks.
• Propose peg-stability buffers distinguishing immediately-liquid versus convertible assets, stress-test them under adverse scenarios, and define clear triggers for intervention.
• Convert qualitative risks (governance privileges, bridge trust assumptions, protocol maturity) into quantitative capital requirements with clear reasoning.
• Design capital models per asset class: Lending markets; Bond-like instruments (PTs); Perpetual Strategies; Real-World Assets (RWAs); and Cash Stablecoins.
• Incorporate market, credit, and liquidity risk factors; account for smart-contract, administrative/governance, and operational risks with practical limits.
• Stress-test liquidity under adverse scenarios (bank runs, market panics, bridge failures); define gates for scaling liquidity requirements and rate adjustments.
• Codify decisions into governance proposals, monitoring dashboards, and automated enforcement where possible.
• Monitor live allocations, run post-mortems, and systematically update models when reality diverges from assumptions; refine parameters as data arrives and build feedback loops that turn operational experience into better frameworks.
• Collaborate in fast decision cadence with protocol engineers, risk partners, legal, and capital allocators, navigating high-stakes disagreement in real-time decision forums where stakeholders push back on your assumptions and data.

What you bring

• Deep quantitative toolkit: strong Excel and Python/SQL proficiency to build cohort analyses, simulations, and stress tests from raw chain and market data.
• DeFi native expertise: hands-on experience with lending markets, basis/perpetual structures, and stablecoin/liquidity mechanics across EVM and other chains including Solana.
• Risk modeling fluency: Basel-style capital frameworks, liquidity coverage ratios, drawdown/volatility surfaces, and portfolio aggregation.
• Blue-chip TradFi pedigree combined with crypto credentials (hedge fund, investment banking, asset management, or crypto asset-management experience with risk frameworks authored for capital allocators).
• Active trading/investing mindset and comfort setting imperfect numbers today while documenting the reasoning and committing to improve them as data arrives.
• Exceptional communicator with clear writing ability for Atlas edits and public communications, and clear speaking as the team's risk representative to develop shared context around complex concepts.
• High-bandwidth async collaboration capability.
• Daily use of AI in your workflows and demonstrated innovative application of AI to augment intelligence in data gathering, analysis, modeling, and coding.
• Comfort navigating organizational friction: allocators who resist limits, incomplete data, and pressure to approve deals faster than frameworks mature.
• Understanding that numbers are not everything; ability to incorporate qualitative factors and on-the-ground realities of situations.
• Thinking that extends beyond the right result in the immediate case to how that result contributes to achieving an end state of infinite scalability across hundreds or thousands of allocators.

Nice to have

• Experience authoring policy in on-chain governance systems.
• Prior central-bank or Asset-Liability Management (ALM) exposure.
• Deep integration into the Solana DeFi ecosystem.

About deCircle

Sky is reimagining crypto banking by shifting from direct collateral allocation to lending to independent Prime Agents who deploy capital across DeFi and Real-World Assets. Atlas Axis serves as Core Council GovOps, developing the Atlas governance framework and risk infrastructure that scales the Sky Ecosystem.