Flowdesk

Front Office Risk Manager – Crypto Credit Products, DeFi

Flowdesk

full-time

Posted on:

Location Type: Hybrid

Location: New York City • New York • 🇺🇸 United States

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Salary

💰 $150,000 - $200,000 per year

Job Level

Mid-LevelSenior

Tech Stack

GrafanaOraclePythonSQL

About the role

  • Monitor bilateral and exchange-based lending exposures in real time, including margin loans, structured loans, and combined loan+option transactions.
  • Assess counterparty creditworthiness, including crypto-native entities, exchanges, and DeFi protocols, using both quantitative metrics (collateral ratios, liquidity, volatility) and qualitative assessments.
  • Track and escalate breaches of internal exposure limits (counterparty, sector, or protocol concentration).
  • Support the structuring of loans linked with options or other derivatives, ensuring risk/reward is aligned with risk appetite.
  • Model default and collateral liquidation scenarios for structured transactions.
  • Monitor variation margin flows and ensure adequacy of collateral buffers under stress.
  • Oversee DeFi positions and exposures across lending protocols, AMMs, and on-chain derivatives.
  • Evaluate smart contract risks, protocol liquidity, governance centralization, and composability risks.
  • Monitor on-chain liquidation thresholds, oracle dependencies, and slippage exposure.
  • Track gas fee and network congestion risks that can delay liquidations or collateral transfers.
  • Assess the quality of posted collateral (token volatility, liquidity depth, rehypothecation rights).
  • Apply and monitor dynamic haircuts based on volatility and liquidity conditions.
  • Work with Trading & Treasury to optimize collateral allocation between CeFi and DeFi venues.
  • Run scenario analyses for counterparty defaults, protocol hacks, or extreme market moves.
  • Quantify potential P&L, collateral shortfalls, and liquidity impacts of extreme events.
  • Present stress results to the desk and CRO in actionable form.
  • Ensure lending/borrowing activity complies with internal conduct standards and external regulations.
  • Monitor for abusive trading behavior in DeFi protocols (e.g., sandwich attacks, oracle manipulation).
  • Provide input to compliance on new counterparties, protocols, and structured deals.
  • Act as an embedded risk partner for the desk, providing structuring input, risk analytics, and capital efficiency guidance.
  • Support onboarding of new DeFi venues and protocols by assessing credit and operational risks.
  • Liaise with second-line Risk and Compliance on risk framework enhancements specific to lending and DeFi.

Requirements

  • 5–10 years in risk management, credit trading, or structured products, ideally in a crypto market maker, hedge fund, or structured credit desk.
  • Strong knowledge of crypto lending markets, structured products (loans + options, accumulators, collars), and DeFi protocols.
  • Deep understanding of collateral management, margining frameworks, and liquidation mechanics.
  • Ability to model structured transactions and stress-test exposures (Python, SQL, Grafana, DeFi analytics tools).
  • Familiarity with on-chain data sources (Dune, Nansen, DeFiLlama) and smart contract risks.
  • Familiarity with U.S. regulatory frameworks for trading and lending, including SEC and CFTC rules on derivatives, lending disclosure requirements, FINRA conduct standards, and federal/state guidance on digital asset lending.
  • Excellent communication skills with the ability to challenge traders constructively and escalate appropriately.
  • Strong integrity and sound judgment, capable of acting as both partner and control function.
  • Degree in Finance, Economics, Mathematics, or a related quantitative field; professional risk certifications (FRM/PRM/CQF) a plus.
Benefits
  • International environment (English is the main language)
  • 100% Coverage from Justworks Benefits (Medical, Dental, and Vision plans)
  • Team events and offsites

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
risk managementcredit tradingstructured productscollateral managementmargining frameworksliquidation mechanicsmodeling structured transactionsstress-testing exposuresPythonSQL
Soft skills
communication skillsintegritysound judgmentconstructive challengeescalation
Certifications
FRMPRMCQF