Quant Risk Manager (Derivatives)

Location: New York, hybrid

Company

Polymarket operates a peer-to-peer prediction market platform and is building a regulated US exchange for perpetuals and traditional commodity derivatives.

What you will do

• Build quantitative risk models for perpetuals and commodity derivatives, including margin requirements, position limits, and tail risk.
• Design and maintain stress-testing frameworks covering scenario construction, loss estimation, and calibration.
• Develop default risk models for sizing, structuring, and triggering the exchange guarantee fund.
• Partner with engineers to build real-time monitoring for exposure, breaches, and trading anomalies.
• Translate model outputs into margin schedules, liquidation logic, market maker requirements, and other exchange policies.
• Own CFTC-related risk reporting and capital obligations in partnership with legal and compliance.

Requirements

• Hands-on experience managing derivatives or futures risk at an exchange, clearinghouse, or trading firm.
• Direct ownership of quantitative risk model development.
• Strong financial modeling skills in Python, with clean production-quality code.
• Deep familiarity with order books, market making, margin and collateral management, position limits, and liquidation.
• Working knowledge of CFTC regulations for designated contract markets, including reporting, capital, and conduct requirements.
• Ability to independently scope problems, build solutions, and defend assumptions with engineering, product, compliance, and legal stakeholders.

Nice to have

• Experience with guarantee fund design or default waterfall mechanics.
• Background in prediction markets, crypto derivatives, or other non-traditional asset classes.
• Experience establishing a risk function or platform from scratch.

Culture & Benefits

• Fast-moving, small US Exchange team with direct ownership of outcomes.
• Competitive salary and equity.
• Unlimited PTO.
• Full health, vision, and dental coverage.
• 401(k) match and a hardware setup including a new MacBook Pro, display, and accessories.