Head of Market Risk (Derivatives)

Location: New York, on-site

Company

Polymarket operates a peer-to-peer prediction market platform covering politics, economics, sports, culture, and current affairs.

What you will do

• Own the end-to-end market-risk framework for the FCM and DCO, including risk appetite, limits, escalation triggers, and governing policies.
• Present exposures, limit utilization, stress results, and emerging risks to the Risk Committee, Board, regulators, and clearing members.
• Set and monitor initial and variation margin, add-ons, concentration charges, liquidity charges, and other risk parameters.
• Design stress tests, reverse stress tests, and scenario analyses, and size the guaranty or default fund and other financial resources.
• Oversee daily exposure monitoring, intraday risk responses, default-management exercises, auctions, and liquidation scenarios.
• Build and lead the market-risk team while partnering with quants, developers, operations, compliance, finance, treasury, and technology.

Requirements

• Direct trading and risk-management experience in derivatives, futures, options, fixed income, commodities, equities, or a related market.
• Expertise managing risk at a DCO, FCM, clearinghouse, or trading desk.
• Hands-on experience with VaR, Expected Shortfall, stress testing, scenario analysis, SPAN, or portfolio margining.
• Working knowledge of CFTC regulations, DCO Core Principles, customer-fund segregation, and related requirements.
• 10+ years of experience in market risk, clearing risk, trading, or a closely related discipline, including senior or leadership experience.
• Bachelor’s degree in finance, economics, mathematics, engineering, or another quantitative field.

Nice to have

• Experience at a clearinghouse, CCP, FCM, investment bank, or similar institution.
• Advanced degree such as an MBA or MFE, and/or FRM, CFA, or PRM certification.
• Participation in a default-management event or industry default simulation.

Culture & Benefits

• Competitive salary and equity.
• Unlimited paid time off.
• Full health, vision, and dental coverage.
• 401(k) matching.
• New MacBook Pro, display, and accessories.