Risk Manager, CDNA (Risk and Operations, Asia)

About the role

This role is central to managing risk for Crypto.com's clearing operations, specifically covering Asian and European hours. The primary responsibilities include real-time monitoring of clearing member exposures, ensuring margin adequacy, and promptly escalating any breaches or abnormal trading activity. A key aspect involves overseeing end-of-day settlement pricing and validating cross-asset pricing data essential for margin calculations and default management processes.

The position also involves running operational risk controls for the clearing house, which includes managing guaranty fund sufficiency, collateral eligibility, and setting clearing member position limits. Candidates will be expected to design and implement margin models, develop liquidation strategies, and lead new product listings from a risk perspective. This requires a deep understanding of derivatives and their risk correlations.

Success in this role means effectively responding to regulatory requests, managing audits, and supporting default management drills. The ideal candidate will also drive the design of risk monitoring tools and provide clear, concise risk summaries to senior leadership and regulators. This requires a proactive approach to risk identification and mitigation within a fast-paced trading environment.

The annual salary for this position ranges from $112,000 to $188,000 USD.

Skills that matter here

• Python: Used for quantitative research, data analysis, and potentially automating risk monitoring processes.
• SQL: Required for querying and managing data related to risk metrics, settlements, and client portfolios.
• Clearinghouse risk: This is a core area of expertise, involving managing risks associated with clearing members and market activities.
• Default management: The role involves designing and executing strategies for managing clearing member defaults and associated reporting.
• CFTC, NFA, SEC regulations: Familiarity with these regulations is crucial for ensuring compliance and responding to regulatory inquiries.
• Derivatives: A strong understanding of pricing, valuation, and risk correlation for various derivatives is essential for risk assessment.

Who this role suits

• A quantitative professional with 5-10+ years in clearinghouse risk or default management, ideally with CCP experience.
• Someone who can make decisive operational risk calls independently, even during off-hours incidents.
• An individual who excels at translating complex risk metrics into clear summaries for diverse audiences, including senior leadership and regulators.
• A detail-oriented person with a strong understanding of financial regulations and clearing house rulebooks.

From the employer

• Provide primary risk coverage during Asian and European hours, monitoring clearing member exposures and margin adequacy in real time and escalating breaches, abnormal activity, and position spikes to senior management.
• Oversee end-of-day settlement pricing processes and ensure the accuracy of cross-asset pricing data used for margin calculations and default management.
• Oversee the risk components of client onboarding and provide ongoing market, credit, and liquidity risk monitoring.
• Run the operational risk controls of the clearing house: guaranty fund and financial resource sufficiency, collateral eligibility and haircuts, and clearing member position limits and reportable thresholds.
• Calibrate and execute stress testing and reverse stress testing of clearing member portfolios, and support default management drills and the associated reporting.
• Design business requirements for clearing risk monitoring, including the daily risk pack for management.
• Manage and respond to regulatory requests, routine audits, and inquiries from governing bodies (e.g., CFTC, NFA, SEC).
• Drive new product listing and product design from a clearing perspective, ensuring appropriate risk controls and cross-margining efficiencies are in place where applicable.
• Lead the design and implementation of margin models, default management and liquidation strategies for the Clearing House, stepping in during operational issues with clearing members.
• Perform quantitative research to evaluate default management procedures and systemic risk exposure.

• 5 to 10+ years of relevant working experience in clearinghouse risk, default management, operations, or a related field (experience with a CCP is a strong plus).
• Degree or above in a quantitative discipline, with professional qualifications such as CFA and FRM an added advantage.
• Proficient in Python and SQL.
• Strong understanding of equities, commodity products, futures, perpetuals, and other derivatives, including robust knowledge of pricing, valuation, funding rates, and cross-asset risk correlation.
• Solid understanding of margin concepts, liquidations, Default Management frameworks, and direct trading experience (personal or professional).
• Familiarity with CFTC, NFA, and SEC regulations, specifically as they apply to clearinghouses and DCO rules, is a strong plus.
• Good organizational and interpersonal skills, and the ability to think critically and strive for continuous improvement.
• Deep familiarity with clearing house rulebooks, policies, and submission procedures required to maintain operational compliance and risk governance.
• A track record of making decisive operational risk calls with limited support during off-hours incidents, and of documenting them clearly for review the following morning.
• Excellent written and verbal communication, with the ability to turn detailed risk metrics into clear summaries for senior leadership, clearing members, and regulators.

• Competitive salary
• Attractive annual leave entitlement including: birthday, work anniversary
• Work Flexibility Adoption. Flexi-work hour and hybrid or remote set-up
• Aspire career alternatives through us. Our internal mobility program can offer employees a diverse scope.
• Work Perks: crypto.com visa card provided upon joining.