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Head of Risk

FalconX

FalconX

Accounting & Finance
San Francisco, CA, USA · San Francisco Bay Area, CA, USA
Posted on Tuesday, March 26, 2024

Who are we?

FalconX is the most advanced digital asset platform for institutions. We provide trade execution, credit & treasury management, prime offering and market making services. Given our global operations, industry-leading technology and deep liquidity, we have facilitated client transactions of $1 trillion in volume. Our products & services are regulated, compliant and trusted.

We are a team of engineers, product builders, institutional sales and trading leaders, operations experts, and business strategists. Our teammates have entrepreneurial experience and come from companies such as Google, Apple, Paypal, Citadel, Bridgewater, and Goldman Sachs. And, we embody our values: Think big; Drive bold outcomes; Be one team; Iterate with speed; and be an entrepreneur.

We prioritize learning. Outcomes are mission-critical, but we also believe that learning in success and in failure will drive our continued success. Our industry is emergent - there’s no shortage of experiments to get involved with and to continue growing and learning together.

Impact

Your expertise in risk management will directly impact the firm's ability to navigate the evolving landscape of cryptocurrency markets, protect our clients' assets, and maintain our reputation as a trusted and reliable partner in the industry. You will play a critical role in ensuring the stability, security, and compliance of our operations.

Responsibilities

  • Collaborate with senior management to manage key risks, provide analysis, and highlight risk exposures and performance metrics.
  • Refine the firm’s comprehensive risk management framework for digital asset trading, custody, and settlement activities.
  • Manage a team of risk professionals across the globe.
  • Conduct ongoing risk assessments to monitor market volatility, liquidity, counterparty exposure, and regulatory compliance.
  • Implement risk measurement methodologies, set risk appetite thresholds, and develop monitoring tools.
  • Coordinate cross functionally with business units to refine risk controls and support new product development.
  • Foster relationships with regulatory bodies, industry associations, and auditors to ensure compliance.
  • Lead incident response and crisis management efforts.
  • Stay updated on industry trends, regulatory changes, and emerging risks to adapt strategies.
  • Analyze crypto assets and investment strategies for potential risks and vulnerabilities.
  • Develop risk mitigation strategies and evaluate investment opportunities.

Required Qualifications

  • Education: Bachelor's degree in finance or related field required; master's degree or relevant certifications (e.g., FRM, CFA) preferred.
  • Experience: 10+ years in risk management, preferably in financial services, with exposure to cryptocurrency markets. Prior institutional brokerage firm experience is highly preferred.
  • Deep understanding of cryptocurrency markets: Strong knowledge of digital asset trading, custody, and settlement processes, including associated risks and challenges.
  • Risk management expertise: Proven track record in developing and implementing risk management frameworks, policies, and procedures. Experience with quantitative risk measurement is essential.
  • Regulatory knowledge: Familiarity with relevant regulatory frameworks and requirements for digital asset trading platforms. Experience in managing relationships with regulators is highly preferred.
  • Analytical and problem-solving skills: Ability to analyze complex risk scenarios, identify vulnerabilities, and develop effective risk mitigation strategies. Strong attention to detail and critical thinking under pressure.
  • Strong communication and leadership skills: Excellent verbal and written communication; able to present risk-related information to senior management and external stakeholders. Proven ability to lead and collaborate with cross-functional teams.

Compensation:

This is a full-time position with an expected annual compensation of $190,000 - $385,000. The actual compensation for a successful candidate may vary based on factors such as skill set, relevant experience, qualifications, and other relevant factors. This position also offers other forms of compensation and benefits consisting of overtime compensation (when applicable), relocation assistance (if applicable), performance-linked bonus, paid time off (including sick time) benefits, paid Company holidays, participation in the Company’s equity and 401k retirement plan, competitive employee health, dental, and vision benefits each subject to the terms and conditions of the governing plan documents and Company policies.

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.