Senior Manager, Market Risk – Trading & Derivatives

Job Description:

• Help design the risk architecture supporting Kraken’s OTC desk, derivatives platform, and trading liquidity systems
• Design risk frameworks governing spot, derivatives, options, and OTC trading
• Define exposure limits, position controls, and escalation frameworks for trading activities
• Build analytics and controls for managing options and derivatives exposures
• Monitor risk factors including delta, gamma, vega, volatility regimes, and liquidity conditions
• Evaluate risk scenarios during periods of extreme crypto market volatility and design mitigations
• Assess risks associated with large trading flows, OTC activity, and cross-venue liquidity
• Monitor how liquidity fragmentation affects risk exposures
• Help design safeguards against market dislocations and liquidity shocks
• Build market risk analytics including VaR, stress testing, and scenario analysis

Requirements:

• 8+ years of experience in market risk, derivatives trading, or trading desk risk
• Strong understanding of options, derivatives, and trading risk management
• Experience working closely with trading desks or market-making businesses
• Deep familiarity with risk metrics such as VaR, stress testing, and options Greeks
• Former trader, structurer, or options market maker (nice to have)
• Python or quantitative modeling experience (nice to have)
• Experience working in 24/7 markets or crypto trading environments (nice to have)

Benefits:

• Offers Equity
• Offers Bonus
• Health insurance
• 401(k) matching
• Flexible work hours
• Paid time off