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Coinbase

Credit Risk Manager, Derivatives Risk

Reposted Yesterday
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Remote
Hiring Remotely in USA
Senior level
Remote
Hiring Remotely in USA
Senior level
Develop and oversee risk management programs for derivatives, ensuring alignment with regulatory guidelines and risk governance. Collaborate with stakeholders to address risks and improve risk frameworks.
The summary above was generated by AI

Ready to be pushed beyond what you think you’re capable of?

At Coinbase, our mission is to increase economic freedom in the world. It’s a massive, ambitious opportunity that demands the best of us, every day, as we build the emerging onchain platform — and with it, the future global financial system.

To achieve our mission, we’re seeking a very specific candidate. We want someone who is passionate about our mission and who believes in the power of crypto and blockchain technology to update the financial system. We want someone who is eager to leave their mark on the world, who relishes the pressure and privilege of working with high caliber colleagues, and who actively seeks feedback to keep leveling up. We want someone who will run towards, not away from, solving the company’s hardest problems.

Our work culture is intense and isn’t for everyone. But if you want to build the future alongside others who excel in their disciplines and expect the same from you, there’s no better place to be.

While many roles at Coinbase are remote-first, we are not remote-only. In-person participation is required throughout the year. Team and company-wide offsites are held multiple times annually to foster collaboration, connection, and alignment. Attendance is expected and fully supported.

We are looking for a risk manager with deep credit or market risk experience across centrally cleared derivatives and credit products (derivatives, secured lending, and/or prime brokerage), and with a strong understanding and interest in risk governance and the three lines of defense. This role will be responsible for both developing and overseeing the broader second line risk management governance program, and for risk-managing our growing derivatives offerings. The right candidate will enjoy operating in a dynamic, global digital asset market environment, managing complex credit risks across a diverse client base, and working with international stakeholders. 

What you’ll be doing (ie. job duties): 

  • Develop, implement, and maintain appropriate risk programs in line with relevant regulatory guidelines and to ensure alignment with the Global Risk Framework.
  • Liaise with internal and external stakeholders (e.g., senior management, business partners, regulators) to provide independent assurance on the key risks of the business, partnering with the business and other internal stakeholders to address any identified gaps.
  • Design and implement risk frameworks for new and existing leveraged product offerings, including developing suitable margin methodologies, stress testing framework, and risk controls.
  • Maintain and continuously improve the risk management framework associated with derivatives product offerings. 
  • Actively engage in the product design process, in order to influence and mitigate inherent structural risks during the development phase.
  • Collaborate with business partners (product, engineering, operations, legal, etc.) to resolve complex client and product challenges.
  • Ability to perform deep dives on internal and external risk events and present them to senior management.

What we look for in you (ie. job requirements): 

  • 8+ years experience in risk management at a global financial institution or financial services firm.
  • Meaningful experience managing credit or market risk, i.e., establishing margin requirements for derivatives, prime brokerage or lending products.
  • Experience with building out risk programs at varying maturity levels.
  • Strong verbal and written communication skills.
  • Self-starter with commercial business insight. Able to interact, influence and build relationships at all levels of seniority and across all functions within an organization.
  • Able to balance strategic focus with tactical implementation and efficient execution.
  • Enjoy analyzing, evaluating and forming independent judgments, making recommendations that effectively communicate gaps, trends and patterns, and challenging the status quo for better outcomes.

Nice to haves:

  • Crypto forward - strong knowledge of emerging crypto trends.

Job #: P69376

Pay Transparency Notice: Depending on your work location, the target annual salary for this position can range as detailed below. Full time offers from Coinbase also include target bonus + target equity + benefits (including medical, dental, vision and 401(k)).
Pay Range:
$166,345$195,700 USD

Please be advised that each candidate may submit a maximum of four applications within any 30-day period. We encourage you to carefully evaluate how your skills and interests align with Coinbase's roles before applying.

Commitment to Equal Opportunity

Coinbase is committed to diversity in its workforce and is proud to be an Equal Opportunity Employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, sex, gender expression or identity, sexual orientation or any other basis protected by applicable law. Coinbase will also consider for employment qualified applicants with criminal histories in a manner consistent with applicable federal, state and local law.  For US applicants, you may view the Know Your Rights notice here.  Additionally, Coinbase participates in the E-Verify program in certain locations, as required by law. 

Coinbase is also committed to providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please contact us at accommodations[at]coinbase.com to let us know the nature of your request and your contact information.  For quick access to screen reading technology compatible with this site click here to download a free compatible screen reader (free step by step tutorial can be found here).

Global Data Privacy Notice for Job Candidates and Applicants

Depending on your location, the General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA) may regulate the way we manage the data of job applicants. Our full notice outlining how data will be processed as part of the application procedure for applicable locations is available here. By submitting your application, you are agreeing to our use and processing of your data as required. For US applicants only, by submitting your application you are agreeing to arbitration of disputes as outlined here.    


Top Skills

Derivatives
Financial Risk Management
Prime Brokerage
Secured Lending

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