Front Office Risk Manager - Crypto Credit Products & DeFi (F/M/D) at Flowdesk

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

08 May, 26

Salary

200000.0

Posted On

07 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Management, Credit Trading, Structured Products, Collateral Management, Margining Frameworks, Liquidation Mechanics, Python, SQL, DeFi, Smart Contracts, Analytical Skills, Communication Skills, Integrity, Judgment, Team Collaboration, Market Conduct

Industry

Capital Markets

Description

Flowdesk's mission is to build a global financial institution for digital assets, one designed from the ground up for market integrity and efficiency. To achieve this in a rapidly evolving market, we apply a disciplined, first-principles approach to everything we do. This approach is embedded in our core services, from institutional liquidity provision, trading solutions, OTC execution to our comprehensive treasury management offerings. This is how we cut through the noise and build robust and scalable systems across all our business lines. Therefore, we seek individuals who are driven by this systematic approach. Joining Flowdesk means you will be a key contributor in building and scaling a more transparent and efficient financial markets infrastructure. We are seeking a skilled and experienced Front Office Risk Manager to join our newly formed Risk Management team, led by a seasoned Chief Risk Officer with experience building some of the most respected risk functions in the digital assets space. This role is central to Flowdesk’s global growth — you will lead the design, implementation, and oversight of our counterparty credit and operational risk management frameworks, contributing directly to the development of a robust and scalable risk infrastructure. You will work closely with our Trading, Treasury, Operations, Compliance, and Technology teams to monitor exposures, enhance controls, and ensure that Flowdesk’s risk profile remains aligned with our strategic objectives and within the approved appetite. Your work will directly shape Flowdesk’s governance and risk culture, supporting market integrity, operational excellence, and sustainable growth across all business lines. Your role and responsibilities Credit & Counterparty Risk Oversight 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). Loan & Structured Product Monitoring 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. DeFi Trading & Protocol Risk 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. Collateral & Margin Management 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. Stress Testing & Scenario Analysis 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. Market Conduct & Control 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. Business Partnership 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. Background and Experiences 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. Skills And Personality Curious and autonomous Highly motivated and results-driven Strong maths and analytical skills Ability to successfully manage multiple tasks in a fast-paced collaborative environment Company Culture And Values At Flowdesk, our culture drives our success. Here's how we live it Ambition, We aim to conquer an impactful place in the crypto ecosystem while representing Tech expertise. We're always moving quickly toward our goals. Ownership, If you believe in something, own it, make it happen, or at least learn from it. Humility, The final result is a puzzle built by everyone's efforts—not one person takes all the credit. Collaboration, While speed matters, we believe in waiting for others to move forward together. That’s how we achieve success as a team. International environment (English is the main language) 100% Coverage from Justworks Benefits (Medical, Dental, and Vision plans) Team events and offsites The base salary range for this role is between $150,000 - $200,000 in the State of New York. This range is not inclusive of our discretionary bonus. When determining a candidate’s compensation, we consider a number of factors including skillset, experience, job scope, and current market data. Recruitment process Are you interested in this job but feel you haven't ticked all the boxes? Don't hesitate to apply and tell us in the cover letter section why we should meet! Here's what you can expect if you apply HR Call (30') Technical interview with the CRO and/or Senior Market Risk Manager (60') Technical interview with with 1/2 CreditTrader/Sales (45') Interview with the US CEO (30') Interview with the COO (30') On the agenda, discussions rather than trick questions! These moments of exchange will allow you to understand how Flowdesk works and its values. But they are also (and above all) an opportunity for you to present your career path and your expectations for your next job! We are committed to an inclusive and accessible recruitment process. If you require any reasonable adjustments or have specific needs to enable you to participate fully in the interview or assessment process (e.g., a sign language interpreter, extra time for a test, or an accessible location), please contact us to discuss how we can support you. Flowdesk participates in the federal E-Verify program to confirm employment eligibility of all newly hired employees.

Responsibilities

Lead the design, implementation, and oversight of counterparty credit and operational risk management frameworks. Monitor exposures, enhance controls, and ensure alignment with strategic objectives.