Apply to the open roles at Delphi Ventures' portfolio companies.

99
companies
244
Jobs

Head of Risk / Senior Risk Manager

Ethena Labs

Ethena Labs

Remote
Posted on Wednesday, March 27, 2024
Who We Are:
Ethena Labs is building the first ETH based yield-bearing synthetic dollar. Arthur Hayes is a founding advisor and the team has deep experience across traditional finance and crypto engineering from firms such as Cerberus, Wintermute, Flow Traders, Deribit, Paradigm, Aave, Blockdaemon and Kaiko. We are backed by every major exchange and trading entities in the space.
What we are Doing:
We are building derivative infrastructure to enable Ethereum to transform into the Internet Bond via delta-neutral derivatives positions, to create the first crypto-native, yield bearing synthetic dollar: sUSDe.
We believe creating a synthetic dollar which is not reliant on existing banking infrastructure is the single most important problem to solve and largest opportunity in crypto today.
USDe will form the first part of a broader ecosystem of products we are building including fixed and floating rate internet bonds and composable repo leveraged markets.
Join us!!
The Team:
We are a small team of 16. The team is geographically distributed but connects daily and everyone has distinct responsibilities. We have a high pedigree or Digital Asset Trading expertise across the Quant, Product and Leadership team, who all have strong awareness of risk within their skill sets, but it’s time we brought in a seasoned expert to take the lead on the subject.

Who We are Looking For:

  • An experienced individual in Trading & Financial Markets Risk and already well versed in the Digital Asset space
  • A person who is excited by the opportunity to join an early stage team and appreciates the balance that's required to facilitate the driving of an innovative product from zero to one.
  • Someone well positioned to thrive in a small team, set in a fast paced environment
  • Motivated and driven to learn new concepts, explore the less determinable or defined and lead in this overlap between frontier technology and financial concepts.

Responsibilities:

  • Build, improve and monitor appropriate risk controls for our Digital Assets infrastructures and strategies which covers DeFi and CeFi arenas (including market, operational, counterparty, and liquidity risks)
  • Consider, model and investigate potential risk incidents/events. Then build processes to avoid them
  • Continuously review and question the hedging positions, diversification and exposure risk
  • Partner with other internal teams in driving a balanced approach between growth and risk management
  • Support the organisation in understanding how to identify risks in their areas of specialization and conduct risk assessments
  • Implement risk management policies, and create analytics that align company metrics with the risk policies, including the group risk appetite statement

Requirements:

  • 8+ years of experience of risk within a trading, hedging or asset management firm preferred.
  • 2+ years with Digital Assets/Crypto industry risk.
  • Hands-on experience with multiple centralized digital asset derivatives exchanges, specifically with regard to collateralizing positions with different assets than the settlement currency of the contract.
  • Understanding of how the risk engines of the offshore centralized digital asset derivatives exchange work in practical reality.
  • Comfortable with the concepts & use of Off Exchange Settlement/Custodian providers to support digital asset trading.
  • Understanding of crypto transactions, ability to conduct blockchain analysis with experience in trade execution, settlement, and reconciliation processes.
  • Superior analytical skills, enabling the gathering and digesting complex data to presenting findings in a clear manner that simplifies decision making for other stakeholders
  • Some technical proficiency in automation and Python are highly desired
  • Fluent English, both written and spoken
If you subscribe to the mission of separating the dollar from the state, then we want to hear from you!
We look forward to receiving your application and will be in touch after having a chance to review.
In the meantime, here are some links to more information about Ethena Labs to help you check us out: