Senior Market Risk Manager

## Who We Are At OKX, we believe that the future will be reshaped by crypto, and ultimately contribute to every individual's freedom. OKX is a leading crypto exchange and the developer of OKX Wallet, giving millions access to crypto trading and decentralised crypto applications (dApps). OKX is also a trusted brand by hundreds of large institutions seeking access to crypto markets. Across our multiple offices globally, we are united by our core principles: **We Before Me**, **Do the Right Thing**, and **Get Things Done**. These shared values drive our culture, shape our processes, and foster a friendly, rewarding, and diverse environment for every OK-er. OKX is part of OKG, a group that brings the value of Blockchain to users around the world, through our leading products OKX, OKX Wallet, OKLink and more.

## What You'll Be Doing ### Risk Monitoring & Limits Management - Monitor real-time and end-of-day market risk exposures across liquidity management activities, spanning spot, perpetual swaps, dated futures, vanilla options, exotic payoffs with KI/KO features - Track and manage Greeks (delta, gamma, vega, theta, rho) across various trading desks; ensure hedging activity keeps net Greeks within approved limits - Maintain and enforce stop-loss limits at the desk, strategy, and individual trader level; identify breaches promptly and coordinate effective escalation and resolution - Monitor margin utilisation and collateral efficiency across venues; flag concentration or margin call risk before it materialises - Oversee liquidation risk and auto-deleveraging (ADL) exposure for leveraged positions; work with traders to manage positions ahead of critical margin thresholds ### Risk Framework & Methodology - Continuously develop and enhance the market risk framework for the market making desk, including VaR models, Expected Shortfall, stress testing, and scenario analysis calibrated to crypto market dynamics - Own PnL attribution and reconciliation — decompose daily trading PnL into Greeks, carry, and residual components to validate model accuracy and identify unexplained P&L - Define and maintain a comprehensive suite of risk limits including notional limits, Greeks limits, stop-loss thresholds, concentration limits, and venue-level position limits; perform periodic data-driven reviews - Evaluate market risk for new products, strategies, and client structures prior to launch, including bespoke structured products and barrier option payoffs - Develop and refine margin parametrisation models to support efficient capital usage while maintaining robust risk controls ### Stakeholder Engagement & Reporting - Understand the market, discuss risk exposures and concerns with senior risk managers and traders - Produce and review high-quality daily, weekly, and monthly risk reports for the desk head and senior leadership, presenting complex exposures and risk metrics clearly to both technical and non-technical audiences - Lead post-mortem reviews on market risk incidents, stop-loss breaches, or significant mark-to-market events; ensure root causes are identified and controls updated - Partner with Trading, Structuring, Technology, and Finance teams to design and implement risk system improvements, automate monitoring workflows, and improve data quality - Engage with regulators and external auditors on market risk matters related to the liquidity management business as required

## What We Look For In You ### Qualifications & Experience - Bachelor's Degree required, preferably in Finance, Mathematics, Statistics, Engineering, or a related quantitative field; advanced degree (MSc, PhD) is a plus - 7–10+ years of experience in market risk management at a crypto market making firm, proprietary trading house, Tier-1 crypto exchange, or major financial institution with a significant market making business - Direct, hands-on experience managing market risk for market making or principal trading desks — not solely exchange-level or client risk management - Experience in risk management in gambling/betting industry is a plus ### Technical & Product Knowledge - Deep knowledge of crypto and traditional financial products including spot, perpetual swaps, dated futures, structured products, barrier options (knock-in/knock-out), and vanilla options - Proficiency in risk metrics including VaR, Expected Shortfall, and stress testing, as well as Greeks management (delta, gamma, vega, theta) for options-heavy books - Strong understanding of PnL attribution methodologies: ability to decompose and explain daily trading PnL across Greeks, carry, vol carry, and unexplained residuals - Working knowledge of crypto-native risk mechanisms including margin systems, liquidation engines, and auto-deleveraging (ADL) protocols on centralised exchanges - Experience with stop-loss framework design and management: defining appropriate thresholds, monitoring intraday, and escalating breaches effectively - Familiarity with margin optimisation across multiple trading venues and understanding of cross-margining and portfolio margining concepts ### Analytical & Communication Skills - Strong quantitative skills with the ability to build and validate risk models; proficiency in Python or similar for data analysis and risk metric calculation - Comfortable leveraging AI tools and automation to streamline risk monitoring and reporting workflows - Excellent communication skills; able to present complex risk findings clearly to traders, desk heads, and senior non-technical stakeholders - Collaborative, execution-focused mindset with a track record of operating effectively in fast-paced, high-pressure trading environments ### Professional Qualifications - CFA, FRM, PRM, or equivalent professional qualification preferred

## Why Join Us - Work at the cutting edge of crypto market making — one of the most technically demanding risk disciplines in financial markets - Collaborate daily with world-class traders and quants on structuring and hedging complex payoffs - Shape the risk framework of a high-growth business with real autonomy and impact - Competitive compensation, flexible working, and a culture that rewards ownership and initiative

OKX is a leading global cryptocurrency exchange founded in 2017, offering spot and derivatives trading, Web3 solutions, and a digital wallet. The platform supports over 300 cryptocurrencies and ranks fourth in daily trading volume, with recent expansion into tokenized securities trading in partnership with the NYSE parent company.