We started small in 2011, with just two laptops and big aspirations. Fast forward to today and we have grown to serve over 5 million clients across the globe, who benefit from our commitment to security, transparency and regulation. Whether it’s through our intuitive web and mobile apps or arsenal of industry-leading APIs, Bitstamp is where crypto enters the world of finance.
Our success is a result of the innovative ideas, talented individuals, and passion of our team. Together, we have helped shaped the crypto industry and continue to do so. We are always on the lookout for new talent and crypto-curious thinkers who share our passion for the future of finance.
As a Risk & Control Manager you will join our ERM team and are expected to gain a deep understanding of the business areas to identify and manage any risk events that could prevent Bitstamp from reaching its strategic goals or would breach Risk Appetites.
The benefits of Life at Bitstamp:
- Work from home or other location that allows you to be most productive.
- Generous home-office allowances upon joining to help set up your home space.
- Incentives: Financial Rewards, Bitstamp Employee Annual Awards, Employee Incentive program (EIP) etc.
- Sports and cultural activities, pet-friendly offices, a full fridge, teambuilding events, Bitstamp parties.
Main responsibilities:
- Supporting the Group Head of ERM to implement and manage the risk management programs for the Bitstamp Financial Services (BFS) Entity.
- Collaboration with process owners to facilitate appropriate management and control of all risks for the BFS entity.
- Management of the monitoring activities to minimize exposure to all Financial and Operational risk types impacting the BFS Entity.
- Analysis of risk models to measure, monitor, and manage risk exposure across various derivatives products and trading strategies.
- Oversee the margin and collateral management process, including setting margin requirements, monitoring collateral adequacy, and managing margin calls effectively.
- Assess and manage counterparty risk exposure arising from trading relationships with counterparties, including exchanges, clearinghouses, and other trading partners.
- Conduct stress testing and scenario analysis to assess the impact of adverse market conditions and extreme events on the derivatives portfolio and develop contingency plans accordingly.
- Completion of quarterly Regulatory submissions required under MiFID license, such as capital requirement calculation (ICAAP) and numeric reporting including calculation of prudential quantitative risk indicators.
- Building or enhancing existing internal capital/liquidity models taking into consideration the new risks arising from the offering of derivatives trading in BFS entity.
- Participation in development of key risk and early warning indicators and monitoring as well as reviews of Risk Appetites.
- Driving a risk-aware culture and ensuring efficient and effective risk management across multiple entities, including facilitation of risk related trainings.
- Stay abreast of regulatory developments in the cryptocurrency space and ensure that the derivatives trading division complies with all relevant regulations and guidelines set forth by regulatory authorities.
- Reporting of findings to the management and regulatory authorities, highlighting key risk metrics, exposures, and mitigating actions.
- Collaborate closely with other departments, Operations, Compliance, Legal, and Technology, to ensure that risk management considerations are integrated into business processes and decision-making.
Required qualifications, skills, and experience:
- 5+ years of experience in risk management, audit, or another related field control function. If in a brokerage or derivatives trading firm is an advantage.
- Excellent analytical skills and attention to detail.
- Good understanding of the applicable MiFID regulatory framework.
- Ability to operate independently and tolerance for ambiguity.
- Effective communication and presentation skills.
- Knowledge of the blockchain and virtual currency environment is an advantage.