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Galaxy

Associate/VP, Risk Management - Derivs

Job Posted 14 Days Ago Reposted 14 Days Ago
Be an Early Applicant
New York, NY
150K-200K Annually
Senior level
New York, NY
150K-200K Annually
Senior level
The Risk Manager will collaborate with portfolio managers to identify and manage financial risks, utilizing data-driven tools and produce reports for management.
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Who We Are:

At Galaxy we are building products and services to help the world invest in economic progress. We believe crypto and blockchain innovations will permeate and improve all aspects of our global economy. Our vision is a society where value and ownership flow as freely as information. Galaxy is a digital asset and blockchain leader helping institutions, startups, and individuals access and navigate the crypto economy. As one of the most well-capitalized and trusted companies in the industry, we provide platform solutions custom-made for a digitally native ecosystem across three complementary operating businesses: Global Markets, Asset Management, and Digital Infrastructure Solutions. Our offerings include, amongst others, trading, lending, strategic advisory services, institutional-grade investment solutions across passive, active and venture strategies, proprietary bitcoin mining and hosting services, network validator services, and the development of enterprise custodial technology. Galaxy’s CEO and Founder Michael Novogratz leads a team of crypto enthusiasts, and institutional veterans focused on the future of finance and Web3. The Company is headquartered in New York City, with global offices across North America, Europe and Asia.

Additional information about the Company's businesses and products is available on www.galaxy.com.

What We Value:

We are a diverse team of free thinkers, and fast movers united to help investors and creators energize the global economy. We are looking for individuals who thrive in a culture of builders and overachievers and embrace high performance, transparent feedback, and a mission-first approach. Our culture shapes our way of working and gets us where we want to be.

  • Seek Excellence.
  • Be Selective To Be Effective.
  • Be Highly Aligned, Loosely Coupled.
  • Disagree Transparently.
  • Encourage Independent Decision-Making.
  • Build Dream Teams.

Who You Are:

Our trading business, Galaxy Digital Trading (“GDT”), provides spot, derivative, and financing liquidity to institutional clients, counterparties and venues that transact in cryptocurrencies and other digital assets. GDT provides access to a number of globally traded cryptocurrencies to many unique clients and counterparties across a full suite of service offerings, including: over-the-counter (“OTC”) spot liquidity provision, on- exchange liquidity provision, OTC options and trading, and bespoke lending and structured product offerings. GDT also engages in proprietary quantitative, arbitrage and macro trading strategies.

A candidate sought for risk manager role within Galaxy's risk management team. The candidate should have prior work experience in risk management and deep knowledge of derivs. Your role is to collaborate with portfolio managers and traders on portfolio construction, investment and risk analysis and ensure that the CRO and senior management are informed of the risks.

What You’ll Do:

  • Collaborate with CRO and Risk managers to establish risk management framework for Galaxy's Trading businesses
  • Identify, measure, and manage financial and non-financial risks across Galaxy’s multiple business lines
  • Leverage on-chain information to enable data driven decision making and risk management
  • Build tools to extract information from DeFi protocols
  • Assist in the development and maintenance of systems to calculate risk metrics
  • Communicate with risk takers to assess positions and volatility
  • Produce risk reports for risk takers, risk managers, and senior management
  • Analyze, assess, visualize and report risks to CRO, and senior management
  • Monitor risks across multiple time zones

What We’re Looking For:

  • 6+ years of experience (finance or development)
  • Deep knowledge of Derivatives
  • Knowledge of Digital Assets and DeFi strongly preferred
  • Degree in finance, computer science or other quantitative subjects
  • Experience in Python, SQL, and Excel
  • Good communication skills and is a critical thinker

Bonus Points:

  • Experience with financial data and processes
  • Prior experience in a market risk management or a risk taking role
  • Knowledge of market

What We Offer:

  • Competitive base salary and discretionary bonus
  • Flexible Time Off (paid)
  • 3% 401(k) company contribution
  • Company-paid health and protective benefits for employees, partners, and other dependents
  • Generous paid Parental Leave
  • Free virtual coaching and counseling sessions through Ginger
  • Opportunities to learn about the Crypto industry
  • Free daily snacks in-office
  • Smart, entrepreneurial, and fun colleagues
  • Employee Resource Groups

*Benefits may vary depending on location.

Apply now and join us on our mission to engineer a new economic paradigm.

The base salary ranges included below will be commensurate with candidate experience, expertise and local market. Final offer amounts are determined by multiple factors, including candidate experience and expertise. At Galaxy, we maintain a total compensation philosophy which consists of a competitive base salary, annual bonus, and equity incentives.

Base Salary Range

$150,000$200,000 USD

Galaxy respects diversity and seeks to provide equal employment opportunities to all employees and job applicants for employment without regard to actual or perceived age, race, color, creed, religion, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or gender expression (including transgender status), sexual orientation, marital or partnership or caregiver status, ancestry, national origin, citizenship status, disability, military or veteran status, protected medical condition as defined by applicable state or local law, genetic information or predisposing genetic characteristic, or other characteristic protected by applicable federal, state, or local laws and ordinances.

We will endeavor to make a reasonable accommodation to the known limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business. If you believe you require such assistance to complete the application process or to participate in an interview, please contact careers@galaxy.com. 

Top Skills

Excel
Python
SQL
HQ

Galaxy New York, New York, USA Office

Galaxy has a new home, on Vesey Street! With expansive views of the Hudson River and easy access to nearby subway and ferry stations, our location can't be beat! We are also just steps from Brookfield place, which offers some great lunch, coffee and drinks options!

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