About the company
Kraken, the trusted and secure digital asset exchange, is on a mission to accelerate the adoption of cryptocurrency so that you and the rest of the world can achieve financial freedom and inclusion. Our 2,350+ Krakenites are a world-class team ranging from the crypto-curious to industry experts, united by our desire to discover and unlock the potential of crypto and blockchain technology. As a fully remote company, we already have Krakenites in 70+ countries (speaking 50+ languages). We're one of the most diverse organizations on the planet and this remains key to our values. We continue to lead the industry with new product advancements like Kraken NFT, on- and off-chain staking and instant bitcoin transfers via the Lightning Network.
Job Summary
About the role:
We're looking for a Market Risk Lead to help design and oversee risk frameworks that support Kraken's trading businesses. This role is ideal for someone with deep trading intuition and derivatives expertise — many successful candidates come from trading desks, options market making, or derivatives risk teams at major banks or proprietary trading firms.
As Senior Manager, Market Risk, you will help design the risk architecture supporting Kraken's OTC desk, derivatives platform, and trading liquidity systems. This role goes beyond traditional monitoring — you will work closely with traders, quants, and product teams to design risk frameworks that scale with Kraken's trading ecosystem.
Responsibilities:
📍Design risk frameworks governing spot, derivatives, options, and OTC trading. 📍Define exposure limits, position controls, and escalation frameworks for trading activities. 📍Partner with traders to ensure risk frameworks support efficient market-making and liquidity provision. 📍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 across exchanges and protocols affects risk exposures. 📍Help design safeguards against market dislocations and liquidity shocks. 📍Build and improve market risk analytics including VaR, stress testing, and scenario analysis. 📍Develop dashboards and tools for monitoring trading exposures in real time. 📍Partner with engineering teams to improve risk infrastructure supporting Kraken's trading platforms. 📍Analyze how crypto market structure — including derivatives liquidity, funding rates, and exchange flows — affects Kraken's risk profile. 📍Provide insights to trading teams and leadership during periods of market stress.
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.
Nice-to-have: 📍Former trader, structurer, or options market maker. 📍Python or quantitative modeling experience. 📍Experience working in 24/7 markets or crypto trading environments.
If this role isn't the perfect fit, there are plenty of exciting opportunities in blockchain technology, cryptocurrency startups, and remote crypto jobs to explore. Check them on our Jobs Board.
