Bitstamp, the world's longest running crypto exchange, is looking for an experienced Risk and Control Manager.
This is an opportunity to join a growing international company with a leading position in one of the most promising sectors of finance.
You will have an opportunity to work in a dynamic team that sets standards in the industry, in excellent working conditions, with opportunity to gain exclusive knowledge and experience. As part of the Enterprise Risk Management (ERM) team, you are expected to gain a deep understanding of the business areas and to identify and manage any risk events that could prevent Bitstamp from reaching its strategic goals or would breach Risk Appetites.
We also offer personal and professional development options, exciting team buildings, competitive compensation & benefits, and a relaxed environment that appreciates fresh ideas.
The successful candidate will report to the Bitstamp Group Head of ERM and will be based in Ljubljana.
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 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 brokerage or derivatives trading firm is an asset.
- Excellent analytical skills and attention to detail, with the ability to interpret complex data and identify actionable insights.
- Good understanding of the applicable MiFiD regulatory framework (especially Derivative)
- Good knowledge of the components of a balance sheet and drivers of income
- Ability to operate independently & tolerance for ambiguity.
- Effective communication and presentation skills
- Fluency in English and Slovenian.
- Knowledge of the blockchain and virtual currency environment is an asset.
