Derivatives Risk Oversight Lead

Robinhood

JOIN US IN BUILDING THE FUTURE OF FINANCE. Our mission is to democratize finance for all. An estimated $124 trillion of assets will be inherited by younger generations in the next two decades. The largest transfer of wealth in human history. If you’re ready to be at the epicenter of this historic cultural and financial shift, keep reading. ABOUT THE TEAM & ROLE We are building an elite team, applying frontier technologies to the world’s biggest financial problems. We’re looking for bold thinkers. Sharp problem-solvers. Builders who are wired to make an impact. 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 UK 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 experience is intentional, energizing, and designed to fully support high-performing teams. WHAT YOU’LL DO * 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. * Provide independent monitoring of risk exposures across financial and operational risks and escalate breaches of approved limits, with a primary emphasis on trading-related risks and scalable control design as the business grows. * 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. Independently assess the adequacy of margin and collateral practices implemented by 1LOD, including initial margin, maintenance margin, liquidation thresholds, collateral haircuts, concentration add-ons, and stressed close-out assumptions. * 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. * Complete quarterly regulatory submissions required under the MiFID license, such as capital requirement calculation (ICAAP) and quantitative reporting, including prudential risk indicators. * 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. * Participate in development of key risk and early warning indicators and monitoring as well as reviews of risk appetites, including collaboration with 1LOD on defining KPI/KRI thresholds and escalation triggers (e.g., green/orange/red status). * 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. * Independently connduct spot and derivatives risk assessments, including hedge effectiveness, basis risk, collateral sufficiency, concentration risk, and the impact of extreme market moves across linked positions. * 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 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. * Excellent English language skills (written and verbal). WHAT WE OFFER * Challenging, high-impact work to grow your career. * Performance driven compensation with multipliers for outsized impact, bonus programs, and equity ownership. * 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 spending account expenses beyond traditional 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 experience with catered meals, events, and comfortable workspaces.  * Monthly commuter stipend to help offset in-office commuting costs. Click here to learn more about our Total Rewards, which vary by region and entity. If our mission energizes you and you’re ready to build the future of finance, we look forward to seeing your application. Robinhood provides equal opportunity for all applicants, offers reasonable accommodations upon request, and complies with applicable equal employment and privacy laws. Inclusion is built into how we hire and work—welcoming different backgrounds, perspectives, and experiences so everyone can do their best. Please review the Privacy Policy for your country of application.

Flow Traders

Flow Trader is a leading global proprietary trading firm and a principal liquidity provider and market maker across ETFs, bonds, FX & Digital Assets. As an investment firm regulated under the IFR/IFD framework, risk management is central to how we grow responsibly. Our EMEA Risk team works hand-in-hand with Trading, Quant and Technology. The Senior Market Risk Manager, you will provides second-line oversight of market risk across all trading activities. Reporting into the Market Risk Lead, this senior individual contributor role is accountable for the day-to-day execution and continuous improvement of the market risk framework  limits, monitoring, stress testing and analytics and acts as a trusted advisor to the trading desks. A core part of the role is working side-by-side with the trading desks to build a first-hand understanding of their strategies and exposures and translating that insight into a risk framework that is both robust and commercially relevant. This is a senior specialist role (not a people-management role).   WHAT YOU WILL DO * Partner closely with trading desks to understand strategies, exposures, and emerging risks across ETFs, Fixed Income, FX, Digital Assets, and Options * Support the development and oversight of the market risk framework, including risk appetite, limits, stress testing, and intraday controls * Monitor portfolio risk, investigate breaches and P&L anomalies, and drive risk mitigation initiatives * Design and enhance cross-asset stress-testing, risk analytics, and monitoring methodologies in collaboration with Quant and Technology teams * Leverage AI and automation to improve risk monitoring, reporting, and operational efficiency * Support regulatory requirements (including ICARA/IFR-IFD), governance processes, audits, and risk committee reporting * Provide independent challenge on new trading strategies and mentor junior team members within the team.   WHAT YOU NEED TO SUCCEED  * 6-10 years of relevant experience in market risk, front-office risk or trading, ideally at a proprietary trading firm, market maker or investment bank * Hands-on experience across at least two of our core asset classes (ETFs, bonds, FX, Digital Assets, Options), with appetite to grow across all of them * Experience in an IFR/IFD (or equivalent CRR/Basel) environment, including Internal Capital and Risk Assessment Process (ICARAP) or similar processes * Strong understanding of VaR, stress testing, Greeks and concentration metrics; familiarity with options and derivatives preferred, particularly in the context of ETFs and Digital Assets * Proficient in SQL, Excel and Python * Curiosity and hands-on interest in applying AI tools to improve risk processes and operational efficiency * Relevant university degree in a quantitative field (Finance, Mathematics, Physics, Engineering, Econometrics), ideally complemented by an FRM or CFA qualification * Independent judgment, credible challenge, excellent communication with traders, senior management * Proactive, hands-on and fluent in English.   WHAT WE OFFER At Flow Traders, we create the conditions for hard‑working, high‑performing people to do their best work. From a thorough onboarding and ongoing access to Flow Academy, to latest technology and a collaborative, non‑hierarchical culture, we give you the tools, ownership, and support to move fast and drive outcomes. We keep a close‑knit, small‑company feel while offering competitive salary, annual discretionary profit share, and comprehensive benefits, so talent can grow here, and stay here. See our benefits below: * Flow Academy and opportunities to attend domain-related conferences * Daily catered lunch, great coffee, and a fully stocked kitchen and snack bar * In-house Bar and Lounge with arcade, table tennis, billiards, and game consoles * Company boat * In-house gym and sessions with our nutritionist or personal trainer * Bi-weekly massages * Annual company trip and a variety of events throughout the year, such as the New Years Event * Global rotations across our offices worldwide * and more   Flow Traders does not accept unsolicited resumes from any professional staffing or search firms. All resumes, and any other information identifying potential candidates, submitted to any employee at Flow Traders via-email, the Internet or directly without a valid and signed search agreement will be deemed free to contact by Flow Traders without any restrictions and no placement fee of any kind will be paid in the event the candidate is hired by Flow Traders.

Wintermute

About Wintermute   Wintermute is a technology unicorn and one of the leading global players in the digital asset markets. Wintermute is the largest crypto-native algorithmic trading company providing liquidity across all major exchanges and trading platforms. Our OTC desk offers a wide range of spot and derivatives products and supports over 2,000 counterparties across crypto natives and traditional financial institutions. We actively participate in the development of the blockchain ecosystem by being one of the largest players in DeFi as well as our investments arm, partnerships and incubations.   Wintermute was founded in 2017 by trading industry leaders and has successfully navigated multiple crypto industry cycles. Culturally, we combine the best of the two worlds: the technology standards of high-frequency trading firms in traditional markets and the innovative and entrepreneurial culture of technology startups. Read more here.     Nature of the Role   We are looking for an experienced Onboarding Specialist who has in-depth expertise of customer KYC/AML due diligence processes using risk-based approach, and be well versed with both legal entities and individuals onboarding across various jurisdictions. As an Onboarding Specialist you will contribute to both the Operations and Compliance function, where you will be reporting to the MLRO on the oversight of AML/KYC activities.