Genesis Global Trading, Inc. is hiring a

Web3 VP, Market Risk

About This Role: VP, Market Risk

Genesis is looking to add a Vice President of Market Risk to the team. The Vice President of Market Risk will help manage the Market Risk function and contribute to various strategic initiatives under the direction of the Head of Market and Model Risk.

Genesis’ risk management team supports Genesis in achieving its business goals by partnering with business units across the firm to realize efficient risk-adjusted returns, protect the firm from exposure to losses resulting from market, credit, liquidity, operational, and model risks, and acting as a strategic advisor to the Board.

Responsibilities:

• Maintain constant dialogue with trading desks and front office support groups regarding trading strategies, limit usage, and risk representation of client transactions; work closely with trading, risk, technology, and operations to ensure key risks are identified, measured, and managed on a timely and accurate basis
• Analyze structured transactions and complex client trades in crypto markets and provide required approvals and/or escalations where necessary; think proactively and strategically about risk analyses of structured transactions and how trades/clients are likely to behave over time
• Escalate key risks to management with relevant analyses in a timely fashion. Work closely to design and implement internal and external frameworks to assess market risk

Requirements:

• 5+ years of risk management experience ideally in spot and derivative markets. Experience should include risk management as part of trading/portfolio management or in having extensive direct partnerships with risk takers.
• The ability to “speak trader” along with a thorough quantitative risk knowledge of derivatives trades and structures with a practical understanding of how trades perform and how clients behave in practice, across a range of products and market environments.
• Demonstrated sense of “sound business judgment” related to structured transactions and understanding of risk-reward. Displays strong communication skills to clearly relay perspectives to senior members of the risk team, traders, and clients.
• A high degree of familiarity with analytical frameworks for assessing market risk for spot and derivative portfolios, including greeks, stress tests, scenarios, and VaR. Preference for experience operating within “3 lines of defense” models and policy/regulatory knowledge (e.g., swap dealer regulation, Basel frameworks).
• Strong analytical skills evidenced by an excellent academic background, ideally including a degree in economics, finance or engineering and/or FRM or other similar certification. Technical skills (e.g., SQL, Python) are always helpful, and if not present outright, an ability/desire to learn, as well as to effectively partner/communicate with quantitative resources. Strong Microsoft Office skills expected.
• Ability to multi-task effectively, with attention to detail, project management, and prioritization skills being key to balancing daily deadlines along with timely implementation of strategic projects.
• Crypto experience highly desirable but not a prerequisite. It would be helpful to understand and/or have a working knowledge cryptocurrencies and related risks, crypto-specific derivatives and trading strategies, various market participants, and market microstructure.

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