Derivatives Risk Oversight Lead

TL;DR

Derivatives Risk Oversight Lead (Financial Risk): Oversee and continuously enhance risk management frameworks for derivatives trading, serving as a key representative of the Second Line of Defense with an accent on independent challenge of margin models, valuation logic, and exposure metrics. Focus on stress testing, margin/collateral methodology governance, regulatory submissions under MiFID, and scalable risk controls as the derivatives product and BFS entity grow.

Location: Luxembourg, Luxembourg (in-person attendance expected at least 3 days per week)

Company

Robinhood builds financial products with a focus on democratizing finance.

What you will do

• Support the Director of Risk in implementing and managing financial risk management programs for the Bitstamp Financial Services (BFS) entity, focusing on market, product, counterparty, margin, collateral, and liquidity risks from spot and derivatives activities.
• Independently monitor risk exposures and escalate breaches of approved limits, with emphasis on trading-related risks and scalable control design.
• Review and validate risk models and exposure metrics for derivatives products and trading strategies, including independent challenge of product calculations, valuation logic, and model assumptions.
• Define and periodically review margin methodologies and independently assess the adequacy of margin and collateral practices (initial/maintenance margin, liquidation thresholds, haircuts, concentration add-ons, stressed close-out assumptions).
• Define counterparty risk frameworks and limits; monitor exposures and challenge limit utilization and interconnected/concentration exposures across spot and derivatives books.
• Conduct stress testing and scenario analysis for the derivatives portfolio and develop contingency plans, including independent house stress scenarios and reproduction/challenge of 1LOD stress calculations.

Requirements

• 5+ years of experience in financial risk management, ideally in a second line of defense capacity, with essential direct derivatives/market risk experience.
• Strong understanding of the MiFID regulatory framework (particularly derivatives) and prudential expectations for investment firms offering derivatives products.
• Good knowledge of balance sheet components and drivers of income, including capital, liquidity, and P&L implications of leveraged derivatives activity.
• Ability to independently test, recalculate, and challenge front-line risk metrics and product outputs; strong analytical and attention-to-detail skills.
• Effective communication and presentation skills to challenge senior stakeholders with credible quantitative analysis and clear risk recommendations.
• Excellent English language skills (written and verbal).

Nice to have

• Knowledge of blockchain and virtual currency environment, including crypto market structure, spot trading, derivatives products, and perpetual swaps.

Culture & Benefits

• Performance-driven compensation with multipliers and bonus programs.
• Top-tier benefits including supplemental health insurance, ancillary insurance, and mental health support.
• Flexible employer-paid “Lifestyle wallet” for benefits spending beyond traditional categories.
• Generous time off including company holidays, paid time off, sick time, volunteer time off, and parental leave.
• In-office work supported by catered meals, events, and comfortable workspaces, plus a monthly commuter stipend.

Hiring process

• Application review followed by interviews to assess risk expertise, quantitative judgment, and stakeholder communication.
• Evaluation of fit for Second Line of Defense oversight responsibilities and regulatory/risk governance experience.