Who We Are:
At Galaxy we are building products and services to help the world invest in economic progress. We believe crypto and blockchain innovations will permeate and improve all aspects of our global economy. Our vision is a society where value and ownership flow as freely as information. Galaxy is a digital asset and blockchain leader helping institutions, startups, and individuals access and navigate the crypto economy. As one of the most well-capitalized and trusted companies in the industry, we provide platform solutions custom-made for a digitally native ecosystem across three complementary operating businesses: Global Markets, Asset Management, and Digital Infrastructure Solutions. Our offerings include, amongst others, trading, lending, strategic advisory services, institutional-grade investment solutions across passive, active and venture strategies, proprietary bitcoin mining and hosting services, network validator services, and the development of enterprise custodial technology. Galaxy’s CEO and Founder Michael Novogratz leads a team of crypto enthusiasts, and institutional veterans focused on the future of finance and Web3. The Company is headquartered in New York City, with global across North America, Europe and Asia.
Additional information about the Company’s businesses and products is available on www.galaxy.com.
What We Value:
We are a diverse team of free thinkers, and fast movers united to help investors and creators energize the global economy. We are looking for individuals who thrive in a culture of builders and overachievers and embrace high performance, transparent feedback, and a mission-first approach. Our culture shapes our way of working and gets us where we want to be.
- Seek Excellence.
- Be Selective To Be Effective.
- Be Highly Aligned, Loosely Coupled.
- Disagree Transparently.
- Encourage Independent Decision-Making.
- Build Dream Teams.
Who You Are:
The Director of Risk Management will play a pivotal role in our organization, leading our market risk management efforts to identify, assess, and mitigate risks that could impact our portfolio. The ideal candidate will bring a strategic perspective to risk management, ensuring that our fund navigates market volatilities with a proactive and prudent approach. This role requires a combination of deep understanding of both traditional market risk principles and the unique challenges and opportunities presented by the digital asset markets.
What You’ll Do:
- Design and implement cutting-edge market risk management strategies and policies to identify, measure, and manage market-related risks, including interest rate, currency, equity, commodity risks, and the unique volatility, liquidity, and regulatory aspects of digital assets.
- Lead the local market risk management team with a specific focus on digital assets, promoting a culture of risk awareness and disciplined risk-taking across digital and traditional asset classes.
- Own and champion GDUK’s Enterprise Risk Management Framework. Work with 2nd/3rd LoD functions to ensure all Non-Market Enterprise Risks are identified and mitigated to within Risk Appetite.
- Ensure adherence to the FCA’s IFPR and actively participate in the ICARA process. The candidate must demonstrate a thorough understanding of the regulatory requirements specific to digital asset investments.
- Work closely with the trading team to integrate risk management practices into the decision-making process, aligning with local risk appetite and investment objectives.
- Perform rigorous risk assessments and scenario analysis tailored to digital asset markets, evaluating the potential impact of market, regulatory, and technological changes on the portfolio.
- Develop and oversee advanced risk analytics and modeling techniques specific to digital assets to enhance risk measurement and reporting.
- Serve as the primary advisor on market risk issues related to digital assets for senior management, recommending strategies to mitigate risks while seizing market opportunities.
- Maintain up-to-date knowledge of the digital asset market trends, regulatory developments, and risk management best practices to continuously refine our risk management framework.
- Leverage on-chain information to enable data driven decision making and risk management.
- Assist in the development and maintenance of systems to calculate risk metrics.
- Direct Regulator engagement when required.
What We’re Looking For:
- 10+ years of experience in risk management, with significant expertise in digital assets and market risk, within a hedge fund, investment bank, or related financial institution.
- Advanced degree in Finance, Economics, Mathematics, or a related field, with professional certifications such as FRM or CFA being highly desirable.
- Proven leadership capabilities and the ability to manage a team focused on digital asset risk.
- Demonstrated experience with the FCA’s IFPR and the ICARA process, including a successful track record of engaging with regulators.
- Demonstrated experience of managing ERM Frameworks and implementing ERM strategies.
- Strong analytical, quantitative, and technical skills, with experience in risk modeling tools and techniques relevant to digital assets.
- Exceptional communication skills, with the ability to articulate complex risk scenarios and strategies in digital assets to diverse stakeholders.
- Comprehensive understanding of the digital asset ecosystem, including cryptocurrencies, tokenized assets, blockchain technology, and the associated regulatory landscape.
- Strategic and proactive in risk management, with the foresight to anticipate and address risks in the fast-paced digital asset market.
- Experience in Python, SQL, and Excel
What We Offer:
- Competitive base salary and bonus
- Competitive paid time off
- Company-paid health and protective benefits for employees and their eligible dependents
- Free virtual coaching sessions through Ginger
- Free daily snacks in-office
- Opportunities to learn about the Crypto industry
- Smart, entrepreneurial, and fun colleagues
*Benefits may vary depending on location.
Apply now and join us on our mission to engineer a new economic paradigm.
Galaxy respects diversity and seeks to provide equal employment opportunities to all employees and job applicants for employment without regard to actual or perceived age, race, color, creed, religion, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or gender expression (including transgender status), sexual orientation, marital or partnership or caregiver status, ancestry, national origin, citizenship status, disability, military or veteran status, protected medical condition as defined by applicable state or local law, genetic information or predisposing genetic characteristic, or other characteristic protected by applicable federal, state, or local laws and ordinances.
We will endeavor to make a reasonable accommodation to the known limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business. If you believe you require such assistance to complete the application process or to participate in an interview, please contact [email protected].
