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Full-Time

Head of Risk

Confirmed live in the last 24 hours

FalconX

FalconX

201-500 employees

Institutional crypto trading platform for financial institutions

Fintech
Crypto & Web3

Compensation Overview

$192k - $385kAnnually

+ Overtime Compensation + Performance-linked Bonus + Equity Participation + 401k Retirement Plan

Senior, Expert

San Francisco, CA, USA + 1 more

More locations: New York, NY, USA

Relocation assistance available if applicable.

Category
Risk Management
Finance & Banking
Requirements
  • Education: Bachelor's degree in finance or related field required; master's degree or relevant certifications (e.g., FRM, CFA) preferred.
  • Experience: 10+ years in risk management, preferably in financial services, with exposure to cryptocurrency markets. Prior institutional brokerage firm experience is highly preferred.
  • Deep understanding of cryptocurrency markets: Strong knowledge of digital asset trading, custody, and settlement processes, including associated risks and challenges.
  • Risk management expertise: Proven track record in developing and implementing risk management frameworks, policies, and procedures. Experience with quantitative risk measurement is essential.
  • Regulatory knowledge: Familiarity with relevant regulatory frameworks and requirements for digital asset trading platforms. Experience in managing relationships with regulators is highly preferred.
  • Analytical and problem-solving skills: Ability to analyze complex risk scenarios, identify vulnerabilities, and develop effective risk mitigation strategies. Strong attention to detail and critical thinking under pressure.
  • Strong communication and leadership skills: Excellent verbal and written communication; able to present risk-related information to senior management and external stakeholders. Proven ability to lead and collaborate with cross-functional teams.
Responsibilities
  • Collaborate with senior management to manage key risks, provide analysis, and highlight risk exposures and performance metrics.
  • Refine the firm’s comprehensive risk management framework for digital asset trading, custody, and settlement activities.
  • Manage a team of risk professionals across the globe.
  • Conduct ongoing risk assessments to monitor market volatility, liquidity, counterparty exposure, and regulatory compliance.
  • Implement risk measurement methodologies, set risk appetite thresholds, and develop monitoring tools.
  • Coordinate cross functionally with business units to refine risk controls and support new product development.
  • Foster relationships with regulatory bodies, industry associations, and auditors to ensure compliance.
  • Lead incident response and crisis management efforts.
  • Stay updated on industry trends, regulatory changes, and emerging risks to adapt strategies.
  • Analyze crypto assets and investment strategies for potential risks and vulnerabilities.
  • Develop risk mitigation strategies and evaluate investment opportunities.

FalconX operates an institutional crypto trading platform that focuses on the needs of financial institutions dealing with digital assets like Bitcoin and Ethereum. The platform simplifies the trading process by providing clear price discovery and efficient trade execution, allowing institutions to buy and sell cryptocurrencies without concerns about price discrepancies or hidden fees. Trusted by major financial institutions, FalconX tailors its services to hedge funds, asset managers, and proprietary trading firms, ensuring their specific requirements are met. The company offers a range of services including trade execution, credit, treasury management, market making, and prime services, generating revenue through these specialized offerings. FalconX aims to provide a reliable and efficient trading experience for institutional clients in the rapidly evolving crypto market.

Company Stage

Series D

Total Funding

$427M

Headquarters

San Mateo, California

Founded

2018

Growth & Insights
Headcount

6 month growth

15%

1 year growth

35%

2 year growth

50%
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Simplify's Take

What believers are saying

  • FalconX's partnerships, such as with SignalPlus and Avail, enhance its service offerings and market reach.
  • The company's ability to attract top talent, like Ravi Doshi, strengthens its leadership and expertise in the crypto trading space.
  • FalconX's significant funding and backing from notable investors like GIC and Adams Street Partners provide a strong financial foundation for growth.

What critics are saying

  • Regulatory scrutiny, as evidenced by the $1.7 million fine from the CFTC, could pose ongoing challenges.
  • The highly competitive nature of the crypto trading market requires continuous innovation to maintain a leading position.

What makes FalconX unique

  • FalconX's focus on institutional clients sets it apart from many crypto trading platforms that cater to retail investors.
  • The company's comprehensive suite of services, including trade execution, credit, and treasury management, offers a one-stop solution for financial institutions.
  • FalconX's rapid product innovation and high praise for product velocity make it a standout in the fast-evolving crypto market.

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