Head of Market Risk
PolymarketPrediction Markets company
New York, United StatesDirector
Founders Fund
General Catalyst
Polychain
Intercontinental Exchange
ParaFi
Finance
About the role
TL;DR
Lead market risk framework for FCM and DCO, managing risk and ensuring regulatory compliance.
- •Polymarket is seeking a Head of Market Risk to establish and manage the firm's market risk framework for its Futures Commission Merchant (FCM) and Derivatives Clearing Organization (DCO).
- •This senior leadership role involves identifying, measuring, monitoring, and controlling market risks inherent in cleared member portfolios and those mutualized by the clearinghouse.
- •Key Responsibilities Own the end-to-end market risk framework for the FCM and DCO.
- •Present exposures, limit utilization, and stress results to the Risk Committee and Board.
- •Ensure the framework meets CFTC requirements and DCO Core Principles.
- •Calibrate and tune margin parameters, add-ons, and charges across cleared products.
- •Design and run stress tests, scenario analysis, and size financial resources accordingly.
- •Requirements Prior trading experience with an intuitive grasp of market microstructure, liquidity, and volatility dynamics.
- •Expertise in managing risk at a DCO, FCM, or trading desk.
- •Hands-on experience calibrating market-risk methodologies (VaR, Expected Shortfall, stress testing, scenario analysis, SPAN, portfolio margining).
- •Working knowledge of regulatory landscape for FCMs and DCOs (CFTC regulations, DCO Core Principles).
- •Exceptional communication skills for presenting complex risk information to various stakeholders.
Required skills
Risk ManagementPythonSQLExcelPowerPointFinancial ModelingCompliance Management
Nice-to-have skills
M&APrivate EquityVenture Capital
Domain expertise
fintechcrypto
Benefits & perks
Competitive salary & equity, Unlimited PTO, Full Health, Vision, & Dental coverage, 401k match, Hardware setup: new MacBook Pro, big display, & accessories
Tech stack
PythonSQLGitLinuxExcelPowerPoint