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- Tasks: Design and oversee risk frameworks for Kraken's trading businesses in a dynamic crypto environment.
- Company: Join Kraken, a mission-driven leader in the crypto space with a global team.
- Benefits: Fully remote work, competitive salary, and opportunities for professional growth.
- Why this job: Be at the forefront of crypto trading and help shape the future of financial freedom.
- Qualifications: 8+ years in market risk or derivatives trading with strong analytical skills.
- Other info: Collaborate with industry pioneers in a fast-paced, innovative environment.
The predicted salary is between 80000 - 100000 ÂŁ per year.
Building the Future of Crypto. Our Krakenites are a world‑class team with crypto conviction, united by our desire to discover and unlock the potential of crypto and blockchain technology. What makes us different? Kraken is a mission‑focused company rooted in crypto values. As a Krakenite, you’ll join us on our mission to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion.
For over a decade, Kraken’s focus on our mission and crypto ethos has attracted many of the most talented crypto experts in the world. Before you apply, please read the Kraken Culture page to learn more about our internal culture, values, and mission. We also expect candidates to familiarize themselves with the Kraken app.
As a fully remote company, we have Krakenites in 70+ countries who speak over 50 languages. Krakenites are industry pioneers who develop premium crypto products for experienced traders, institutions, and newcomers to the space. Kraken is committed to industry‑leading security, crypto education, and world‑class client support through our products like Kraken Pro, Desktop, Wallet, and Kraken Futures.
The Team: Crypto markets run 24/7, volatility is structural, and liquidity can shift across venues in seconds. Kraken operates one of the world’s most sophisticated digital asset trading platforms, supporting spot markets, margin trading, futures, options, and a rapidly growing OTC business.
Opportunity: We’re looking for a Market Risk Lead to help design and oversee risk frameworks that support Kraken’s trading businesses. This role is ideal for someone with deep trading intuition and derivatives expertise. Many successful candidates come from trading desks, options market making, or derivatives risk teams at major banks or proprietary trading firms. If you enjoy understanding how markets behave under stress and building systems that allow trading businesses to operate safely at scale, this role is for you.
The Opportunity: Senior Manager, Market Risk will help design the risk architecture supporting Kraken’s OTC desk, derivatives platform, and trading liquidity systems. This role goes beyond traditional monitoring — you will work closely with traders, quants, and product teams to design risk frameworks that scale with Kraken’s trading ecosystem. You will play a key role in ensuring Kraken can continue expanding its trading products while maintaining disciplined risk management.
- Build Trading Risk Frameworks
- Design risk frameworks governing spot, derivatives, options, and OTC trading
- Define exposure limits, position controls, and escalation frameworks for trading activities
- Partner with traders to ensure risk frameworks support efficient market‑making and liquidity provision
- Options & Derivatives Risk
- Build analytics and controls for managing options and derivatives exposures
- Monitor risk factors including delta, gamma, vega, volatility regimes, and liquidity conditions
- Evaluate risk scenarios during periods of extreme crypto market volatility and design mitigations
- Trading & Liquidity Risk
- Assess risks associated with large trading flows, OTC activity, and cross‑venue liquidity
- Monitor how liquidity fragmentation across exchanges and protocols affects risk exposures
- Help design safeguards against market dislocations and liquidity shocks
- Risk Analytics & Monitoring
- Build and improve market risk analytics including VaR, stress testing, and scenario analysis
- Develop dashboards and tools for monitoring trading exposures in real time
- Partner with engineering teams to improve risk infrastructure supporting Kraken’s trading platforms
- Market Structure Insights
- Analyze how crypto market structure — including derivatives liquidity, funding rates, and exchange flows — affects Kraken’s risk profile
- Provide insights to trading teams and leadership during periods of market stress
Skills You Should HODL:
- 8+ years of experience in market risk, derivatives trading, or trading desk risk
- Strong understanding of options, derivatives, and trading risk management
- Experience working closely with trading desks or market‑making businesses
- Deep familiarity with risk metrics such as VaR, stress testing, and options Greeks
Nice to haves:
- Former trader, structurer, or options market maker
- Python or quantitative modeling experience
- Experience working in 24/7 markets or crypto trading environments
Equal Opportunity and Legal Statements: Unless a specific application deadline is stated in the job posting, applications are accepted on an ongoing basis. Please note, applicants are permitted to redact or remove information on their resume that identifies age, date of birth, or dates of attendance at or graduation from an educational institution. We consider qualified applicants with criminal histories for employment on our team, assessing candidates in a manner consistent with the requirements of the San Francisco Fair Chance Ordinance. As an equal opportunity employer, we don’t tolerate discrimination or harassment of any kind.
Senior Manager, Market Risk (Trading & Derivatives) employer: Kraken
Contact Detail:
Kraken Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Manager, Market Risk (Trading & Derivatives)
✨Tip Number 1
Get to know Kraken inside out! Familiarise yourself with the Kraken app and our culture page. This will not only help you understand our mission but also show us that you're genuinely interested in being a part of the team.
✨Tip Number 2
Network like a pro! Connect with current Krakenites on LinkedIn or other platforms. Ask them about their experiences and insights into the company. This can give you a leg up and might even lead to a referral!
✨Tip Number 3
Prepare for the interview by brushing up on your market risk knowledge. Be ready to discuss how you would design risk frameworks and manage trading activities. We love candidates who can think critically under pressure!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us that you’re serious about joining the Kraken family.
We think you need these skills to ace Senior Manager, Market Risk (Trading & Derivatives)
Some tips for your application 🫡
Know Your Stuff: Before you start writing, make sure you understand the role and the company. Dive into Kraken's culture and values, and get familiar with their products. This will help you tailor your application to show how you fit right in!
Be Specific: When detailing your experience, be specific about your achievements and how they relate to market risk and trading. Use examples that highlight your expertise in derivatives and risk management to really stand out.
Show Your Passion: Let your enthusiasm for crypto and trading shine through in your application. Share why you're excited about the opportunity at Kraken and how you can contribute to their mission of accelerating global crypto adoption.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the Kraken team!
How to prepare for a job interview at Kraken
✨Know Your Crypto Inside Out
Before the interview, make sure you’re well-versed in the latest trends and developments in the crypto market. Familiarise yourself with Kraken’s products and services, especially their trading platforms. This will not only show your genuine interest but also help you engage in meaningful discussions during the interview.
✨Demonstrate Your Risk Management Expertise
Prepare to discuss your experience with risk frameworks, particularly in derivatives and options trading. Be ready to share specific examples of how you've designed or improved risk management systems in previous roles. This will highlight your suitability for the Senior Manager, Market Risk position.
✨Showcase Your Analytical Skills
Since the role involves building analytics and controls, come prepared with examples of how you’ve used data to inform trading decisions or risk assessments. Discuss any tools or methodologies you’ve employed, such as VaR or stress testing, to demonstrate your analytical prowess.
✨Engage with the Team Spirit
Kraken values collaboration, so be ready to discuss how you’ve worked with traders, quants, and product teams in the past. Highlight your ability to communicate complex risk concepts clearly and how you’ve contributed to a team environment. This will resonate well with their mission-focused culture.