Experience
3 - 6 yrs
Job Location
Bengaluru, India
Vacancy
1
Designation
Senior Market Risk Analyst
Job Type
Not specified
Job Description
About the Role: This isn't a typical Market Risk role. This role is suited for a hands-on risk professional who can independently execute BAU monitoring, build practical dashboards and controls, analyse market events, and escalate issues with clarity across spot, derivatives, and custody-linked exposures. You will work closely with the Manager and cross-functional teams to strengthen risk measurement, liquidation and margin monitoring, liquidity and slippage views, governance processes, and day-to-day risk actions.
What You ll Do:
- Risk Measurement Monitoring (BAU) Build, maintain, and run core risk views such as VaR (1-day/10-day), stress tests, scenario loss, and drawdown / regime indicators for key exposures including spot, perps / futures, and funding or basis-linked positions. Monitor volatility, correlations, concentration, and tail-risk indicators on a daily basis; identify changes in risk posture and escalate material observations in a timely manner. Prepare daily and periodic risk summaries with clear commentary, exceptions, and recommended follow-ups.
- Limits, Appetite Governance Support Support the implementation and ongoing monitoring of risk limits across notional, leverage, concentration, liquidity / slippage, and basis or funding exposures. Track breaches, exceptions, and threshold movements; maintain escalation logs, decision records, and supporting governance documentation. Assist in drafting and maintaining runbooks, SOPs, and risk dashboards so that BAU processes remain consistent, auditable, and scalable.
- Derivatives Liquidation Risk Controls Monitor margin and liquidation risk across derivatives books, including mark vs LTP behaviour, index / mark quality, liquidation outcomes, and tail-day stress performance. Build and track metrics such as distance-to-liquidation (DTL), effective leverage, margin utilisation, and early-warning indicators at user, token, or portfolio level where relevant. Partner with Product, Operations, and Engineering teams to improve practical guardrails such as risk checks, throttles, alerting logic, and reduce-only or similar protective actions.
- Liquidity Slippage Risk Build and maintain liquidity risk views covering order book depth, spreads, market impact, slippage, and exit capacity under normal and stressed conditions. Support stress liquidation cost analysis and time-to-exit estimation across key tokens, books, and liquidity regimes. Highlight thin-liquidity, concentration, and execution-risk hotspots that may require tighter controls or closer monitoring.
- Risk Support Cross-Functional Analysis Support analysis of venue constraints, hedgeability, pricing frictions, and operational limitations that can affect market risk outcomes. Contribute to exposure monitoring across related areas such as stablecoin / INR conversion impacts, treasury-linked positions, or exchange-specific market structure issues where relevant. Work with stakeholders across Risk, Treasury, Product, Trade Ops, and Analytics to improve data quality, monitoring coverage, and response readiness.
- Controls, Incidents Post-Mortems Participate in incident reviews for market events, liquidation anomalies, pricing deviations, or control breakdowns; produce clear root-cause and impact analysis. Maintain thresholds, control inventories, SOPs, and tracker-based follow-ups so that risk actions are implemented and closed out properly. Recommend practical process improvements that help move quick tactical monitoring into stronger BAU governance over time.
You ll Excel in This Role If You:
- 3 6 years of experience in market risk, trading risk, treasury risk, derivatives risk, or similar roles in a crypto exchange, broker, prop environment, market maker, or related trading business.
- Good understanding of derivatives mechanics, including margining, liquidation flows, funding rates, basis behaviour, and risk transmission during stressed markets.
- Strong market microstructure intuition, including order book behaviour, spreads, impact, mark vs LTP dynamics, manipulation or wick risk, and thin-liquidity conditions.
- Hands-on comfort with risk analytics such as historical VaR, stress / scenario testing, drawdowns, and regime-based monitoring.
- Strong Excel / Google Sheets skills; working knowledge of SQL preferred; familiarity with dashboarding, data handling, or light automation is desirable.
- Ability to communicate risk observations clearly, maintain structured documentation, and work effectively in a fast-moving operating environment.
You ll Know You re Winning When:
- Your risk frameworks directly guide trading and product decisions, keeping the platform within strong risk boundaries. You establish a trusted, real-time source of truth for risk across spot and derivatives. You anticipate market risks early and convert them into clear actions, thresholds, and playbooks. You elevate overall risk maturity, enabling teams to better understand and manage market volatility.
Why This Role Matters What s In It For You:
- You gain the unique opportunity to establish the definitive "single source of truth" at scale, moving beyond mere reporting to drive high-stakes innovation in the Web3 space. This is a platform to exercise true ownership, where you will solve industry-defining challenges and elevate the organizations analytical maturity through visionary leadership and continuous analytical evolution.