Risk Manager, Quantitative (United States)

As a Risk Manager, Quantitative at Crypto.com, you own the design, calibration, and validation of the margin, pricing, and liquidation frameworks that power the exchange's FCM and clearing businesses. You join the global exchange team working on a fast-growth trading platform with innovative, multi-asset products bridging traditional finance and digital markets, and you participate in daily risk monitoring, escalation, and reporting across the team.

What you'll do

• Own margin methodology across the group, including SPAN, VaR, and portfolio-margining approaches, and benchmark your models against those used by clearing houses and exchanges.
• Develop, implement, and validate derivatives pricing models for new and existing products across various asset classes such as equities, commodities, futures, perpetuals, and options.
• Backtest margin coverage and document model performance, assumptions, and limitations to a standard that withstands regulatory and audit review.
• Build and maintain the data pipelines and automated reporting behind the risk models, working in SQL, Python, and relational databases.
• Monitor and analyze real-time and historical portfolio risk, including exposure, leverage, margin utilization, concentration, and liquidation.
• Design optimal automated liquidation logic and algorithms to balance market risk with market impact during extreme volatility.
• Perform scenario analysis and stress testing across a range of market conditions.
• Provide risk input into product onboarding, listing reviews, and regular risk parameter reviews covering haircuts, margin levels, liquidation thresholds, index pricing, funding rates, and position limits.
• Analyze market microstructure on multi-asset derivative markets and periodically review and calibrate risk models according to evolving market conditions.
• Support the build and maintenance of internal risk dashboards and analytical tools.

What you bring

• 5+ years of relevant working experience in quantitative research, risk management, trading, or a related field, with exposure to daily risk operations expected alongside modelling work.
• A Master's or PhD in a quantitative discipline such as math, physics, statistics, engineering, computer science, financial engineering, or quantitative finance.
• Proficiency in Python and SQL or NoSQL data structures, data models, and database management.
• A strong understanding of derivatives pricing theory across traditional and digital asset classes.
• Deep understanding of Order Book Dynamics (L1-L3 data) and Cross/Portfolio-Margining methodologies such as offsetting spot against futures.
• Deep knowledge of equities, commodity products, and macro assets, with thorough familiarity with futures, perpetuals, or other derivative types.
• Direct trading experience (personal or professional) with deep familiarity of margin concepts and liquidation mechanisms.
• The ability to think critically and strive for continuous improvement.

Nice to have

• Regulator-facing experience in risk management or compliance.
• Experience at a broker-dealer, exchange, or clearing organization, with familiarity of how brokers and CCPs operate.

What we offer

• Competitive salary
• Attractive annual leave entitlement including birthday and work anniversary leave
• 401(k) plan with employer match
• Eligible for company-sponsored group health, dental, vision, and life/disability insurance
• Flexible work hours and hybrid work setup
• Internal mobility program offering diverse career alternatives

About Crypto.com

Founded in 2016, Crypto.com serves more than 150 million customers and is the world's fastest growing global cryptocurrency platform. Built on a foundation of security, privacy, and compliance, the company is committed to accelerating cryptocurrency adoption through innovation and empowering builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem.