other
Posted 1 weeks agoDerivatives Risk Oversight Lead
at Robinhood
LuxembourgOn-site
Responsibilities
- Support the Director of Risk in implementing and managing the financial risk management programs for the Bitstamp Financial Services (BFS) Entity and other parts of the Bitstamp group, with particular focus on market, product, counterparty, margin, collateral, and liquidity risks arising from spot and derivatives activities.
- Review and validate risk models and assess exposure metrics across derivatives products and trading strategies, including independent challenge of product calculations, valuation logic, exposure metrics, and model assumptions.
- Define and periodically review margin methodologies.
- Define counterparty risk framework and limits; independently monitor exposures and challenge limit utilization, concentration risk, and interconnected exposures across spot and derivatives books.
- 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, including the design of independent house stress scenarios and the ability to reproduce and challenge 1LOD stress calculations.
- Build or enhance internal capital and liquidity models, taking into account new risks arising from derivatives trading within the BFS entity,, including risks related to perpetual swaps, leverage, funding mechanics, basis dislocations, liquidation events, market gaps, and stressed liquidity.
- Establish a regular and repeatable risk assessment process covering daily monitoring, weekly and monthly deep dives, periodic model and margin review, exception tracking, and formal escalation governance.
- Collaborate with process owners to facilitate appropriate management and control of all material risks for the BFS entity, while acting as a subject-matter expert on derivatives and trading risk.
- Promote a risk-aware culture, including facilitating regulatory-required risk training, and support clear ownership between 1LOD and 2LOD in risk identification, challenge, escalation, and remediation.
- Report findings to management and regulatory authorities, highlighting key risk metrics, exposures, and mitigating actions, with clear articulation of breaches, trends, emerging risks, and required management actions.
- Collaborate closely with Product, Operations, Compliance, Legal, and Technology teams to ensure that risk management considerations are integrated into business processes and decision-making, including new product approval, control design, risk tooling, and scalable operating processes.
- Support the scaling of the business by ensuring that risk methodologies, controls, reporting, and governance remain robust as volumes, client complexity, and product range increase. What you bring 5+ years of
Requirements
- experience in financial risk management, ideally in a second line of defense capacity.
- Experience in a derivatives trading firm or brokerage is strongly preferred, and direct derivatives/market risk experience is essential.
- Excellent analytical skills and attention to detail, with the ability to interpret complex data and identify actionable insights, and to independently test, recalculate, and challenge front-line risk metrics and product outputs.
- Good understanding of the MiFID regulatory framework (particularly derivatives) and prudential expectations relevant to investment firms offering derivatives products.
- Good knowledge of the components of a balance sheet and drivers of income, including the capital, liquidity, and P&L implications of leveraged derivatives activity.
- Ability to operate independently and navigate ambiguity.
- Effective communication and presentation skills, including the ability to challenge senior stakeholders with credible quantitative analysis and clear risk recommendations.
- Knowledge of the blockchain and virtual currency environment is preferred, with a strong understanding of crypto market structure, spot trading, derivatives products, and perpetual swaps.
- experience with catered meals, events, and comfortable workspaces.
Benefits
- An estimated $124 trillion of assets will be inherited by younger generations in the next two decades.
- Performance driven compensation with multipliers for outsized impact and bonus programs. Top tier
- benefits to fuel your work, including supplemental health insurance, ancillary insurance, and mental health support programs.
- Lifestyle wallet - a highly flexible employer-paid
- benefits such as wellness, childcare, learning, and more.
- Time off to recharge including company holidays, paid time off, sick time, paid volunteer time off, parental leave, and more! Exceptional office
- Monthly commuter stipend to help offset in-office commuting costs.
Additional details
- If you’re ready to be at the epicenter of this historic cultural and financial shift, keep reading.
- We are building an elite team, applying frontier technologies to the world’s biggest financial problems.
- Robinhood isn’t a place for complacency, it’s where ambitious people do the best work of their careers.
- We’re a high-performing, fast-moving team with ethics at the center of everything we do.
- Expectations are high, and so are the rewards.
- The team’s mission is to safeguard the financial stability of our trading operations.
- By independently challenging front-line strategies and validating complex margin models, we ensure the safe and sustainable growth of our derivatives product.
- As a Derivatives Risk Oversight Lead , you will serve as a key representative of Second Line of Defense for our derivatives trading platform, leading the oversight and continuous enhancement of risk management frameworks across the derivatives product and the Bitstamp Financial Services (BFS) entity.
- This role is based in our Luxembourg office, with in-person attendance expected at least 3 days per week.
- At Bitstamp by Robinhood, we believe in the power of in-person work to accelerate progress, spark innovation, and strengthen community. Our office