Quantitative Risk Analyst (Crypto)

Location: New York, United States; on-site

Company

Polymarket operates a peer-to-peer prediction market platform for trading outcomes across politics, economics, sports, culture, and current affairs.

What you will do

• Design, implement, and maintain enterprise-scale market risk, margin, and counterparty exposure models for the clearing organization.
• Build volatility and correlation models for derivatives, including calibration, backtesting, and ongoing validation.
• Develop historical, hypothetical, and reverse stress-testing frameworks.
• Design and tune automated liquidation logic, including thresholds, liquidation waterfalls, and safeguards against cascading liquidations.
• Use AI tools for model development, coding, and research while rigorously validating outputs against established risk frameworks.
• Monitor production model performance, investigate breaks, document assumptions and limitations, and partner with engineering, trading, and product teams.

Requirements

• 5–7 years of quantitative risk experience at a clearinghouse, exchange, prime broker, trading firm, or similar organization.
• Experience designing and implementing enterprise-scale production risk systems rather than research prototypes.
• Deep expertise in volatility, correlation, option skews, and option pricing for traditional-finance derivatives, perpetuals, and fully collateralized event contracts.
• Hands-on experience with market risk modeling, stress testing, and auto-liquidation mechanics in a clearing context.
• Expert-level Python, including NumPy, pandas, and SciPy, with strong software engineering practices.
• Advanced degree in a quantitative field or equivalent experience, with a strong foundation in stochastic calculus and linear algebra.

Nice to have

• C# or C++ experience for performance-critical or production systems.
• Familiarity with crypto market structure, perpetuals, or prediction markets.
• Experience with CCP risk frameworks, default management, margin methodology, or real-time risk systems.

Culture & Benefits

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