VP, Risk Management
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 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:
We're looking for a Head of Franchise Market Risk Management to play a pivotal role in our organization, leading our market risk management efforts to identify, assess, and mitigate risks that could impact our portfolio. The ideal candidate will bring a strategic perspective to risk management, ensuring that our firm navigates market volatilities with a proactive and prudent approach. This role requires a combination of deep understanding of both traditional market risk principles and the unique challenges and opportunities presented by the digital asset markets and decentralized finance.
What You’ll Do:
- Design and implement market risk management strategies and policies to identify, measure, and manage market-related risks, including interest rate, currency, equity, commodity risks, and the unique volatility, liquidity, regulatory, and smart contract risks of digital/on-chain assets.
- Lead the franchise market risk management team with a specific focus on digital assets and DeFi protocols, promoting a culture of risk awareness and disciplined risk-taking across digital, and traditional asset classes.
- Work closely with the trading team to integrate risk management practices into the decision-making process, aligning with the firm’s risk appetite and investment objectives.
- Risk-manage several portfolios consisting of crypto assets and crypto derivatives, among other instruments.
- Integrate comprehensive DeFi market analysis into risk management practices, considering the impact of decentralized lending protocols, yield farming strategies, automated market makers as well impermanent loss, protocol hacking incidents, and liquidity crunches.
- Leverage on-chain analytics and DeFi protocol data to enhance risk assessment and decision-making processes.
What We’re Looking For:
- 5+ years of experience in risk management, with significant expertise in digital assets, market risk, and a deep understanding of the DeFi space, within a hedge fund, investment bank, or related financial institution.
- Professional experience trading or risk managing options, interest rate derivatives, exotic and structured assets.
- Strong analytical, quantitative, and technical skills, with experience in risk modeling tools and techniques relevant to digital and DeFi assets.
- Degree in Finance, Economics, Mathematics, or a related field, with professional certifications such as FRM or CFA being desirable. Additional certifications or proven experience in blockchain and DeFi protocols would be a plus.
- Exceptional knowledge of the DeFi ecosystem, including familiarity with the leading protocols, smart contract functionality, and the ability to assess protocol risks.
- Proven ability to navigate the rapidly evolving DeFi market, with a keen eye for emerging risks and regulatory changes affecting DeFi investments.
- Coding experience including Python, SQL.
What We Offer:
- Competitive base salary and bonus
- Competitive paid time off
- Company-paid health and protective benefits for employees and their eligible dependents
- Free virtual coaching sessions through Ginger
- Free daily snacks in-office
- Opportunities to learn about the Crypto industry
- Smart, entrepreneurial, and fun colleagues
*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
$190,000—$240,000 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 [email protected].