CoinDesk
Director, Financial Risk
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CoinDesk
Reports To: Head of Clearing and Group Risk.
Position Overview
Bullish is seeking an experienced and strategic Director of Financial Risk to define, implement and oversee the comprehensive risk management framework for our US clearing business. This framework must ensure compliance with all relevant regulatory requirements for both traditional and digital asset clearing, particularly those related to the prevention of financial default, operational resilience, and the smooth functioning of the clearing system. This role requires an individual with a deep understanding of central counterparty (CCP) risk models, systemic risk mitigation, digital asset risk management and regulatory engagement. Reporting to senior leadership, you will play a critical role in ensuring the stability, security, and compliance of our U.S. derivatives business.
Responsibilities
Default Management: Own and implement the Default Management Waterfall procedures, ensuring a pre‑funded financial resource package sufficient to cover losses.
Margin System Oversight: Direct and oversee the development, validation, and calibration of US clearing risk‑based margin models (e.g., VaR or SPAN) with adequate frequency and digital asset operational characteristics where feasible.
Stress Testing: Direct the daily, frequent, and extreme stress testing program across all cleared products and market scenarios; report results and adapt models based on outcomes.
Liquidity Risk: Oversee the liquidity risk management framework, ensuring sufficient liquid resources to manage obligations in an emergency.
Regulatory Compliance and Governance: Develop, maintain and enforce the written Risk Management Framework and policies, ensuring strict compliance with all applicable regulatory rules, guidelines and principles.
Regulatory Liaison: Act as the primary risk contact with all relevant financial regulators; oversee all internal and external risk audits and examinations.
New Product Review: Serve as the final approver for the risk profile of all new products or services introduced for clearing, ensuring adequate margin and financial resources before launch.
Reporting: Prepare and present regular, comprehensive risk reports to the Risk Committee, Board of Directors, and regulators, highlighting key exposures, stress test results and policy changes.
Operational Resilience: Oversee the framework for operational resilience, including the Business Continuity Plan (BCP) and Disaster Recovery (DR) capabilities.
Cybersecurity Risk: Collaborate with the CISO to manage, monitor and report all cybersecurity risks, ensuring system safeguards protect critical infrastructure and data.
Affiliate Risk: Identify and manage potential risks arising from affiliates operating within the Bullish US market infrastructure.
Enterprise Risk Strategy and Framework: Develop and implement the overall risk management strategy for Bullish's U.S. business, prioritizing operational, financial, regulatory, cybersecurity, market volatility, liquidity and credit risks.
Team Leadership: Lead, mentor and build a high‑performing team of risk professionals, fostering a culture of risk awareness across the organization.
Risk Mitigation and Controls: Establish and oversee robust risk controls, policies and procedures to mitigate potential threats.
Risk Assessment and Analysis: Conduct regular risk assessments and stress tests; monitor key risk indicators (KRIs) and metrics to measure exposure and identify emerging risks.
Cross‑Functional Collaboration: Work closely with Legal, Compliance, Trading, Operations and Technology to ensure an integrated approach to risk management and support new product development.
Incident Response: Lead incident response and crisis management efforts, ensuring timely resolution and reporting of risk‑related incidents.
Qualifications
Master’s degree in Finance, Economics, Quantitative Methods or a related field required; FRM, PRM, CFA or similar certifications highly desirable.
10+ years of progressive risk management experience within the financial services industry, with at least 5 years in a senior leadership role at a DCO, major clearing bank (FCM), central bank or equivalent SIFI; cryptocurrency exchange experience preferred.
Deep expertise in clearing and settlement mechanics, collateral management and clearing risk models (VaR, SPAN) used in futures, options and swaps clearing.
Expert understanding of CFTC regulations, Title VII of the Dodd‑Frank Act and PFMI; knowledge of NYDFS BitLicense and Money Transmission License a plus.
Proven ability to build, lead and mentor a high‑performing, independent Risk Management team.
Exceptional written and verbal communication skills, able to articulate complex quantitative concepts to the Board, regulators and non‑risk executives.
Bullish US LLC & CoinDesk Inc.
are committed to offering competitive compensation and benefits. The anticipated base salary for this position is $265,000 – $330,000 plus discretionary annual target bonus and performance incentives.
EQUAL OPPORTUNITY
In an effort to attract, retain, develop and promote the most qualified individuals, CoinDesk is committed to treating all applicants and employees in a nondiscriminatory manner with respect to the terms and conditions of employment, without regard to race, color, religion or belief, sex, national or ethnic origin, ancestry, age, marital status, sexual orientation, gender identity, veteran status/service, physical or mental disability, or any other classification protected by applicable law. This mandate governs all aspects of employment, including recruitment, selection, promotion, training, education, social and recreation programs, compensation, discipline, termination and access to benefits.
ACCOMMODATION
CoinDesk is also committed to providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the application process, please send an e‑mail to recruiting@coindesk.com and let us know the nature of your request.
#J-18808-Ljbffr
at
CoinDesk
Reports To: Head of Clearing and Group Risk.
Position Overview
Bullish is seeking an experienced and strategic Director of Financial Risk to define, implement and oversee the comprehensive risk management framework for our US clearing business. This framework must ensure compliance with all relevant regulatory requirements for both traditional and digital asset clearing, particularly those related to the prevention of financial default, operational resilience, and the smooth functioning of the clearing system. This role requires an individual with a deep understanding of central counterparty (CCP) risk models, systemic risk mitigation, digital asset risk management and regulatory engagement. Reporting to senior leadership, you will play a critical role in ensuring the stability, security, and compliance of our U.S. derivatives business.
Responsibilities
Default Management: Own and implement the Default Management Waterfall procedures, ensuring a pre‑funded financial resource package sufficient to cover losses.
Margin System Oversight: Direct and oversee the development, validation, and calibration of US clearing risk‑based margin models (e.g., VaR or SPAN) with adequate frequency and digital asset operational characteristics where feasible.
Stress Testing: Direct the daily, frequent, and extreme stress testing program across all cleared products and market scenarios; report results and adapt models based on outcomes.
Liquidity Risk: Oversee the liquidity risk management framework, ensuring sufficient liquid resources to manage obligations in an emergency.
Regulatory Compliance and Governance: Develop, maintain and enforce the written Risk Management Framework and policies, ensuring strict compliance with all applicable regulatory rules, guidelines and principles.
Regulatory Liaison: Act as the primary risk contact with all relevant financial regulators; oversee all internal and external risk audits and examinations.
New Product Review: Serve as the final approver for the risk profile of all new products or services introduced for clearing, ensuring adequate margin and financial resources before launch.
Reporting: Prepare and present regular, comprehensive risk reports to the Risk Committee, Board of Directors, and regulators, highlighting key exposures, stress test results and policy changes.
Operational Resilience: Oversee the framework for operational resilience, including the Business Continuity Plan (BCP) and Disaster Recovery (DR) capabilities.
Cybersecurity Risk: Collaborate with the CISO to manage, monitor and report all cybersecurity risks, ensuring system safeguards protect critical infrastructure and data.
Affiliate Risk: Identify and manage potential risks arising from affiliates operating within the Bullish US market infrastructure.
Enterprise Risk Strategy and Framework: Develop and implement the overall risk management strategy for Bullish's U.S. business, prioritizing operational, financial, regulatory, cybersecurity, market volatility, liquidity and credit risks.
Team Leadership: Lead, mentor and build a high‑performing team of risk professionals, fostering a culture of risk awareness across the organization.
Risk Mitigation and Controls: Establish and oversee robust risk controls, policies and procedures to mitigate potential threats.
Risk Assessment and Analysis: Conduct regular risk assessments and stress tests; monitor key risk indicators (KRIs) and metrics to measure exposure and identify emerging risks.
Cross‑Functional Collaboration: Work closely with Legal, Compliance, Trading, Operations and Technology to ensure an integrated approach to risk management and support new product development.
Incident Response: Lead incident response and crisis management efforts, ensuring timely resolution and reporting of risk‑related incidents.
Qualifications
Master’s degree in Finance, Economics, Quantitative Methods or a related field required; FRM, PRM, CFA or similar certifications highly desirable.
10+ years of progressive risk management experience within the financial services industry, with at least 5 years in a senior leadership role at a DCO, major clearing bank (FCM), central bank or equivalent SIFI; cryptocurrency exchange experience preferred.
Deep expertise in clearing and settlement mechanics, collateral management and clearing risk models (VaR, SPAN) used in futures, options and swaps clearing.
Expert understanding of CFTC regulations, Title VII of the Dodd‑Frank Act and PFMI; knowledge of NYDFS BitLicense and Money Transmission License a plus.
Proven ability to build, lead and mentor a high‑performing, independent Risk Management team.
Exceptional written and verbal communication skills, able to articulate complex quantitative concepts to the Board, regulators and non‑risk executives.
Bullish US LLC & CoinDesk Inc.
are committed to offering competitive compensation and benefits. The anticipated base salary for this position is $265,000 – $330,000 plus discretionary annual target bonus and performance incentives.
EQUAL OPPORTUNITY
In an effort to attract, retain, develop and promote the most qualified individuals, CoinDesk is committed to treating all applicants and employees in a nondiscriminatory manner with respect to the terms and conditions of employment, without regard to race, color, religion or belief, sex, national or ethnic origin, ancestry, age, marital status, sexual orientation, gender identity, veteran status/service, physical or mental disability, or any other classification protected by applicable law. This mandate governs all aspects of employment, including recruitment, selection, promotion, training, education, social and recreation programs, compensation, discipline, termination and access to benefits.
ACCOMMODATION
CoinDesk is also committed to providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the application process, please send an e‑mail to recruiting@coindesk.com and let us know the nature of your request.
#J-18808-Ljbffr