Risk Manager, Quantitative (EMEA)
About This Role
Join a global exchange team building cutting-edge infrastructure for crypto and traditional asset trading across APAC, EMEA, and North America. You'll own critical quantitative models that protect our FCM and clearing businesses, working at the intersection of TradFi rigor and web3 innovation. This is a high-impact role for someone who wants to shape how risk is measured and managed in the fast-evolving digital asset space.
What You'll Be Doing
Design, calibrate, and validate margin, pricing, and liquidation models underpinning our clearing and crypto derivatives businesses
Build robust quantitative frameworks that scale alongside expanding decentralized and centralized trading products
Participate in daily risk monitoring, escalation, and reporting across global trading desks
Collaborate cross-functionally with engineering, trading, and compliance teams to strengthen platform integrity
Continuously refine risk models in response to blockchain market volatility and emerging DeFi instruments
Contribute quantitative insights to support new multi-asset product launches spanning crypto and traditional markets
What We're Looking For
Strong quantitative background with hands-on experience in margin, pricing, or liquidation model development
Solid understanding of financial derivatives, clearing mechanics, and risk management principles
Familiarity with crypto markets, blockchain-based assets, and digital asset volatility dynamics
Proficiency in programming/statistical tools (Python, R, or similar) for model building and validation
Strong ownership mentality with the ability to work independently in a fast-paced environment
Excellent communication skills to translate complex risk models into actionable insights
Bonus Points
Experience with DeFi protocols, smart contracts, or decentralized exchange mechanics
Prior exposure to FCM, clearinghouse, or prime brokerage risk frameworks
Background in quantitative finance within crypto-native or web3 trading firms
Knowledge of distributed ledger technology and its implications for market risk
Why Join Us
Competitive compensation with exposure to token and equity incentive structures
A flexible, globally distributed culture that values autonomy and ownership
Direct influence on risk frameworks powering a next-generation crypto exchange
Opportunity to grow alongside a fast-scaling platform at the forefront of blockchain innovation
Requirements
Responsibilities Own margin methodology across the group, including SPAN, VaR, and portfolio-margining approaches, and benchmark our models against those used by the clearing houses and exchanges we face. Develop, implement, and validate derivatives pricing models for new and existing products across various asset classes (e.g., equities, commodities, futures, perpetuals, options). Backtest margin coverage and document model performance, assumptions, and limitations to a standard that withstands regulatory and audit review. Build and maintain the data pipelines and automated reporting behind the risk models, working in SQL, Python, and relational databases. Monitor and analyze real-time and historical portfolio risk, including exposure, leverage, margin utilization, concentration, and liquidation. Design optimal automated liquidation logic and algorithms to balance market risk with market impact during extreme volatility. Perform scenario analysis and stress testing across a range of market conditions. Provide risk input into product onboarding, listing reviews, and regular risk parameter reviews: haircuts, margin levels, liquidation thresholds, index pricing, funding rates, and position limits. Analyze market microstructure on multi-asset derivative markets, periodically review and calibrate risk models according to evolving market conditions. Support the build and maintenance of internal risk dashboards and analytical tools. Requirements 5+ years of relevant working experience in quantitative research, risk management, trading, or a related field. Exposure to daily risk operations is expected alongside the modelling work; regulator-facing experience is welcome but not required. Master or PhD in a quantitative discipline (e.g., math, physics, statistics, engineering, computer science, financial engineering, quantitative finance, etc.). Proficient in Python and SQL or noSQL data structures, data models, and database management. Strong understanding of derivatives pricing theory across traditional and digital asset classes. Deep understanding of Order Book Dynamics (L1-L3 data) and Cross/Portfolio-Margining methodologies (e.g., offsetting spot against futures). Deep knowledge of equities, commodity products, macro assets, and ongoing developments in these spaces; thoroughly familiar with futures, perpetuals, or other derivative types. Direct trading experience (personal or professional) is highly ideal, with a deep familiarity with margin concepts and liquidation mechanisms. Experience at a broker-dealer, exchange, or clearing organization, with familiarity on how brokers and CCPs operate is a strong plus. Think critically and strive for continuous improvement.
About Crypto Finance
Crypto Finance AG is a dynamic technology firm based in Hessen, Frankfurt am Main, Germany, dedicated to developing robust and innovative solutions that drive progress in the tech landscape. Our mission is to build reliable, high-performance systems that empower businesses and individuals with cutting-edge tools and services. We are committed to pushing the boundaries of what's possible, fostering an environment where ingenuity and problem-solving are at the forefront of our daily work. Our culture at Crypto Finance AG is built on collaboration, continuous learning, and mutual respect. We believe that diverse perspectives fuel creativity and lead to better outcomes. Our team thrives in a challenging yet supportive atmosphere, where every voice is heard, and contributions are valued. We champion a work-life balance, encouraging our employees to develop both professionally and personally within our vibrant Frankfurt community. Joining Crypto Finance AG means becoming part of a forward-thinking team with ample opportunities for career growth and impact. With 106 open positions, we are rapidly expanding and looking for talented individuals who are passionate about technology and eager to make a significant difference. If you're ready to contribute to impactful projects and grow your career in a supportive and innovative environment in Frankfurt am Main, we invite you to explore our opportunities.
Ready to Apply?
To submit your application for this position, please visit Crypto Finance's official website and follow their application process.