Head of Firm Wide Risk at FalconX

New York, New York, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Cryptocurrency, FinTech, Financial ServicesIndustries

Requirements

Master’s degree in Finance, Economics, or a related field
10-15+ years of experience in risk management
Experience working in a financial institution or financial services start-up
Strong analytical skills and attention to detail
Ability to interpret complex financial data

Responsibilities

Create, develop, and execute strategies to manage firm-wide risks effectively by collaborating with trading, credit, finance, and other relevant teams
Conduct comprehensive assessments of firm-wide risks, identifying potential vulnerabilities and developing strategies to mitigate these risks
Oversee day-to-day operations of risk function, ensuring effective coordination, workflows, and performance of risk teams
Monitor and analyze market trends, price movements, and metrics to ensure adequate risk management under various market conditions
Develop and implement risk metrics and monitoring tools to assess the firm's exposures, ensuring accurate and timely reporting
Drive automation and infrastructure for risk monitoring, integrating real-time analytics into risk governance processes
Perform stress testing and scenario analysis to evaluate the firm's resilience to adverse market conditions and potential worst-case scenarios
Stay informed about industry trends, regulatory changes, and emerging risks, providing actionable insights to inform risk management strategies
Prepare detailed risk reports for senior management, highlighting key exposures, trends, and performance metrics
Oversee risk policy management, internal controls, and procedures to align with global expectations
Ensure compliance with relevant regulations and internal risk policies, and update practices accordingly
Identify opportunities to enhance risk management processes, including automation of risk assessment and reporting procedures, and implement internal controls to safeguard against operational risks
Continuously update your knowledge of risk management practices, financial instruments, and technologies related to risk management

Skills

Key technologies and capabilities for this role

Risk ManagementMarket RiskCredit RiskLiquidity RiskRisk AssessmentRisk MetricsRisk MonitoringOperational RiskFinancial Risk

Questions & Answers

Common questions about this position

What are the main responsibilities of the Head of Firm Wide Risk role?

The role involves creating and executing firm-wide risk strategies, conducting risk assessments, overseeing risk operations, monitoring market trends, developing risk metrics and tools, performing stress testing, ensuring compliance, and preparing reports for senior management.

What expertise and skills are required for this position?

The role requires deep risk expertise in market, credit, liquidity, and non-financial risks, operational leadership skills, and the ability to partner effectively with technology, trading, legal, and operational teams.

Is this a remote position or does it require office presence?

This information is not specified in the job description.

What is the compensation for the Head of Firm Wide Risk role?

This information is not specified in the job description.

What kind of company culture does FalconX have?

FalconX has a pioneering culture of operators, investors, and builders committed to revolutionizing institutional access to crypto markets at the intersection of traditional finance and cutting-edge technology.

FalconX

Institutional crypto trading platform for financial institutions

About FalconX

FalconX is an institutional crypto trading platform that simplifies the trading of digital assets like Bitcoin and Ethereum for financial institutions. It provides clear price discovery and efficient trade execution, allowing clients to trade without concerns about hidden fees. The platform is trusted by major financial institutions and offers tailored services such as trade execution, credit, and treasury management. FalconX aims to deliver a reliable and comprehensive trading experience for institutional investors in the digital asset market.

San Mateo, CaliforniaHeadquarters

2018Year Founded

$415.4MTotal Funding

SERIES_DCompany Stage

Fintech, Crypto & Web3Industries

201-500Employees

Benefits

Hybrid Work Options

Performance Bonus

Company Equity

Risks

Increased competition in crypto derivatives could pressure FalconX's profit margins.

Regulatory scrutiny may impact the adoption of FalconX's auto-liquidation service in APAC.

Expansion into FX market may lead to integration challenges and operational risks.

Differentiation

FalconX eliminates slippage and hidden fees using advanced data science techniques.

The platform is trusted by major financial institutions for its reliability and effectiveness.

FalconX offers a comprehensive suite of services tailored for institutional clients.

Upsides

Acquisition of Arbelos Markets strengthens FalconX's position in the crypto derivatives market.

Launch of auto-liquidation service enhances capital efficiency for APAC crypto miners.

New FX desk in London expands FalconX's service offerings into traditional markets.

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