Head of Firm Wide Risk

Head Of Firm Wide Risk

FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and cutting-edge technology, FalconX addresses the industry's foremost challenges : Navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever-evolving cryptocurrency landscape.

Impact :

As an Head Of Firm Wide Risk, you will play a crucial role in managing and mitigating market, credit, liquidity, and non-financial risks across FalconX. Your expertise will help ensure the firm's financial stability and operational resilience by safeguarding against potential market fluctuations, credit exposures, liquidity and funding risk, and various non-financial risks. The role requires an individual with deep risk expertise, operational leadership skills, and the ability to partner effectively with technology, trading, legal, and operational teams in a rapidly evolving financial environment.

Responsibilities :

• Create, develop, and execute strategies to manage firm-wide risks effectively by collaborating with trading, credit, finance, and other relevant teams.
• Conduct comprehensive assessments of firm-wide risks, identifying potential vulnerabilities and developing strategies to mitigate these risks.
• Oversee day-to-day operations of risk function, ensuring effective coordination, workflows, and performance of risk teams.
• Monitor and analyze market trends, price movements, and metrics to ensure adequate risk management under various market conditions.
• Develop and implement risk metrics and monitoring tools to assess the firm's exposures, ensuring accurate and timely reporting.
• Drive automation and infrastructure for risk monitoring, integrating real-time analytics into risk governance processes.
• Perform stress testing and scenario analysis to evaluate the firm's resilience to adverse market conditions and potential worst-case scenarios.
• Stay informed about industry trends, regulatory changes, and emerging risks, providing actionable insights to inform risk management strategies.
• Prepare detailed risk reports for senior management, highlighting key exposures, trends, and performance metrics.
• Oversee risk policy management, internal controls, and procedures to align with global expectations.
• Ensure compliance with relevant regulations and internal risk policies, and update practices accordingly.
• Identify opportunities to enhance risk management processes, including automation of risk assessment and reporting procedures, and implement internal controls to safeguard against operational risks.
• Continuously update your knowledge of risk management practices, financial instruments, and technologies related to risk management.

Success :

As the Head Of Firm Wide Risk, you will contribute to building robust in-house capabilities for risk management, streamlining processes, and ensuring real-time, accurate risk information is available to all stakeholders. Demonstrate passion for working in a dynamic business environment, with enthusiasm to learn and grow within the digital assets industry. Collaborate effectively with all teams to achieve optimal financial outcomes for the organization. Exhibit strong multitasking abilities, work efficiently under pressure, prioritize tasks, and manage workload to meet internal needs.

Required Qualifications :

Preferred Qualifications :

Base pay for this role is expected to be between $254,000 - $391,000 USD for New York City. This expected base pay range is based on information at the time this post was generated. This role will also be eligible for other forms of compensation such as a performance-linked bonus, equity, and a competitive benefits package. Actual compensation for a successful candidate will be determined based on a number of factors such as location, skillset, experience, and qualifications.