Director of Counterparty Risk Management
BitGo
BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a global presence and multiple Trust companies, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit www.bitgo.com.
The Director of Risk Management will work for BitGo in New York and is responsible for measuring and monitoring risk across the cryptocurrency trading and lending businesses, as well as performing credit review on all counterparties. The risk manager will report to the Chief Financial Officer and work closely with the Sales, Trading and Operations teams.
Responsibilities:
- Providing risk oversight for business activities and risk.
- Ensuring that the risk framework and procedures are defined, implemented and followed, and
- that issues are quickly identified and resolved or escalated.
- Significant involvement with strategic and development work as it relates to enhancing stress
- testing, risk analytics and intra-day risk management tools.
- Risk assessment and approval as required for new or material changes to margin financing and
- collateral arrangements.
- Running stress testing and VaR analysis of client portfolios and providing oversight of limit
- utilizations where relevant.
- Identifying, evaluating, and analyzing risk across the business platform, including counterparty,
- country, asset, exchange, currency, concentration, and other risk components.
- Developing strong relationships with key stakeholders across business functions.
- Understanding changes to market structure, regulation and best practices.
Skills & Experience:
- 10 years of experience in risk and credit management in the financial markets
- BitGo is looking for people who are passionate about their craft, take full ownership for their work and projects, and believe in transparent and collaborative culture with the goal of making BitGo successful.
- Able to apply risk and control disciplines in an effective manner.
- Must be comfortable in a fast-moving, dynamic start-up environment.
- Collaborate comfortably with remotely located colleagues and counterparties.
- Technical understanding of the quantitative and qualitative risks impacting lending and financing is highly desirable.
- Crypto asset product knowledge including risk modeling is highly desirable.
- Strong analytical skills and attention to detail.
- Intellectually curious and able to execute sound judgment to appropriately characterize and represent risk issues.
- Structured yet flexible approach, balanced and fair, able to make difficult decisions where necessary.
Why Join BitGo?
Disrupting an industry takes vision, innovation, passion, technical chops, drive to deliver, collaboration, and execution. Join a team of great people who strive for excellence and personify our corporate values of ownership, craftsmanship, and open communication. We are looking for new colleagues who bring innovative ways of thinking and problem solving, and who want risks to be part of the team that changes the world’s financial markets.
Here are some of the benefits* of working at BitGo:
- Competitive base salary, bonus and stock options
- 100% company paid health insurance for employee, partner and dependents
- Up to 4% 401k company match
- Paid parental leave, Paid vacation
- Free custom lunches, dinners and snacks
- Computer equipment and workplace furniture to suit your needs
- Great colleagues and inspiring startup environment
*Benefits may vary based on location
Cryptocurrencies are the most disruptive change the financial services industry has seen in years. Join us and you’ll be able to look back and say you were part of the team that transformed investing.
Pay Transparency Notice: Depending upon your leveling and location, the compensation for this role averages between $170,000 - $210,000 USD base salary. Equity, an annual performance bonus and the benefits outlined below are also a part of this role's package