Risk Manager - Quantitative Risk Modeling

6 hours, 37 minutes ago
Full-time
Mid Level
Data Science and Analytics
Delta Exchange

Delta Exchange

Delta Exchange is a leading digital asset derivatives exchange offering futures, perpetuals, and options trading with up to 100x leverage on Bitcoin, Ethereum, and 100+ Altcoins.

Capital Markets
11-50
Founded 2018

Description

  • Own and optimize margin calculations across isolated, cross, and portfolio margin modes.
  • Develop and refine maintenance margin, initial margin, and haircut models to withstand extreme volatility.
  • Conduct stress testing and back-testing of margin models to validate performance under severe market events.
  • Perform post-mortem analysis on trader liquidations to identify patterns and failure points.
  • Investigate negative equity cases, including socialized losses and ADL, and recommend changes to the insurance fund or liquidation engine logic.
  • Partner with engineering to design and build real-time risk dashboards for exchange-wide health monitoring.
  • Translate risk requirements into technical specifications for automated risk-mitigation tools.
  • Work with the Customer Experience team to investigate trader complaints about slippage and liquidity constraints.
  • Analyze order book depth and execution quality to understand how liquidity gaps contribute to liquidation cascades.

Requirements

  • 3–5 years of experience in risk management, quantitative analysis, or operations within a crypto exchange, fintech company, or traditional derivatives clearinghouse (CCP).
  • Strong understanding of perpetual swaps, futures, and auto-deleveraging (ADL).
  • Ability to work with SQL for data extraction and Python or R for quantitative modeling.
  • Experience with BI tools such as Tableau, Grafana, or Looker is a plus.
  • Strong problem-solving mindset with the ability to investigate trade logs and determine why liquidations failed.
  • Ability to explain complex margin mechanics to non-technical stakeholders and customers.

Benefits

  • Collaborative remote work environment that supports work-life balance.
  • Growth framework focused on fast, continuous improvement.
  • Opportunity to learn from and collaborate with the leadership team.
  • Exciting team offsites and employee engagement activities.

Interested in this position?

Apply directly on the company website

Apply Now

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