Role Summary
We are hiring a candidate for the
Market Risk Team
to maintain and run the
market risk function
for a crypto exchange operating in India.
The role owns
risk measurement and quantification (VaR, stress testing)
, liquidation and margin risk monitoring, liquidity and slippage risk analytics, governance, and
daily risk actions
across
spot, derivatives, and treasury exposures
.
This is a
hands-on role in a fast-moving environment
—build dashboards and controls quickly, then mature them into
BAU governance frameworks
.
What You'll Do
- Risk Measurement & Monitoring (BAU)
- Build and maintain:
- VaR (1-day / 10-day)
- Stress tests and scenario loss metrics
- Drawdown and risk-regime indicators
- Cover exposures across spot, perps/futures, and funding/basis risk
- Monitor volatility spikes, correlation breakdowns, and tail-risk signals
- Translate analytics into clear risk posture changes and actions
- Limits, Risk Appetite & Governance
- Define and implement risk limits across:
- Notional exposure
- Leverage
- Concentration
- Liquidity and slippage
- Funding and basis exposure
- Create and maintain:
- Risk appetite statements
- Breach protocols
- Escalation matrix
- Decision runbooks
- Derivatives & Liquidation Risk Controls
- Monitor and improve margining and liquidation risk:
- Mark vs LTP behavior
- Index and mark-price quality
- Liquidation waterfall outcomes
- Tail-day performance
- Design and track early-warning metrics:
- Distance-to-liquidation (DTL)
- Effective leverage
- Margin utilization
- Partner with cross-functional teams to implement guardrails:
- Risk checks
- Throttles
- Reduce-only or protective triggers (where required)
- Liquidity & Slippage Risk
- Build liquidity risk views covering:
- Order-book depth
- Spreads
- Impact and slippage
- Exit capacity under stress
- Maintain stress liquidation cost and time-to-exit estimates across regimes
- Risk Support (As Applicable)
- Quantify and monitor venue constraints and operational frictions
- Support exposure monitoring, including stablecoin / INR conversion impacts where relevant
- Controls, Incidents & Post-Mortems
- Drive incident reviews for:
- Market dislocations
- Liquidation anomalies
- Pricing and mark deviations
- Maintain and improve:
- Control documentation
- SOPs
- Thresholds and alerts
- Ensure learnings translate into permanent control improvements
You'll Excel If You Have
- 4–6+ years in market risk, trading risk, treasury risk, or derivatives risk (crypto exchange, broker, prop trading firm, or market maker preferred)
- Strong understanding of derivatives mechanics:
- Margining
- Liquidations
- Funding rates
- Basis risk
- Strong market microstructure intuition:
- Order books
- Spreads
- Mark vs LTP behavior
- Manipulation and thin-liquidity risk
- Strong risk toolkit:
- VaR (historical and parametric)
- Stress and scenario testing
- Drawdowns and regime awareness
- Strong Excel / Google Sheets skills
- SQL basics preferred; ability to automate recurring reporting
You’ll Know You're Winning When
- The Market Risk control stack is live, trusted, and used daily
- Risk limits and breach governance work in practice, not just on paper
- Breaches are detected early, escalated clearly, and resolved decisively
Hiring Process
Here’s what your journey with us looks like:
- Application Review – We assess for skills, alignment, and intent
- Recruiter Connect – A short conversation to understand you better
- Functional Round(s) – Deep dive into your approach, craft, and problem-solving
- Assignment / Simulation Round - Depends on Role
- A take-home task or live problem-solving exercise to understand how you think and execute in real scenarios
- Culture & Values Discussion – A conversation to understand our ways of working and how you thrive best
- Founder Conversation (Optional) – For certain roles and senior levels, you may meet our founders to explore strategic alignment and long-term fit
Where We Work
We believe the best ideas emerge when people build together. Collaboration, speed and trust come alive when teams share the same space.
With this belief, we operate as a work-from-office organisation. This role is based out of our Bangalore/Mumbai office, where energy, alignment and innovation move in real time.
Perks That Empower You
We believe great people deserve great experiences.
- Design Your Own Benefits: Flexible perks to match your lifestyle
- Unlimited Wellness Leaves: Rest and recharge as you need
- Mental Wellness Support: Access to therapy and wellness resources
- Learning Sessions: Bi-weekly learning and growth opportunities
Ready to Build What’s Next?
If you’re looking for a role that gives you direct access to high-stakes decisions, deep impact and a chance to build the future of finance, this is it.
Join CoinDCX and help us make crypto accessible to every Indian, together.