Job Overview
Location
New York
Job Type
Full-time
Category
Engineering
Date Posted
August 11, 2026
Full Job Description
đź“‹ Description
- • Own the end-to-end market risk framework for the FCM and DCO, including risk appetite, limit structures, escalation triggers, and the policies that govern them
- • Serve as the primary market-risk voice to the Risk Committee and Board, presenting exposures, limit utilization, stress results, and emerging risks in clear, actionable terms
- • Ensure the framework meets CFTC requirements and DCO Core Principles and stands up to regulatory and internal-audit scrutiny
- • Partner with the CRO/CEO on risk appetite calibration and ensure alignment between the FCM's proprietary and client-facing risk and the DCO's mutualized risk
- • Set, monitor, and tune initial and variation margin, add-ons, and concentration and liquidity charges across cleared products, calibrating parameters to prevailing and anticipated market conditions
- • Work closely with quants and developers to build an end-to-end risk platform implementing the DCO's risk methodology
- • React decisively to changing market dynamics — widening spreads, volatility spikes, gap risk around scheduled and unscheduled events — by adjusting parameters ahead of the risk
- • Oversee daily monitoring of house and member exposures, margin coverage, and limit breaches, and lead the response to intraday moves
- • Design and run stress tests, reverse stress tests, and scenario analysis — including extreme-but-plausible macro shocks — and size the guaranty/default fund and other financial resources accordingly
- • Contribute market-risk expertise to default management, including auction and liquidation of a defaulting member's portfolio, and participate in fire-drills and default simulations
- • Monitor macro and market events — central-bank decisions, economic releases, geopolitical shocks, expiries — and assess their impact on cleared portfolios and the FCM
- • Build and lead the market risk team, setting standards for analytics, monitoring, and reporting
- • Work closely with Clearing Operations, Membership, Compliance, Finance/Treasury, and Technology to embed risk controls into daily operations and system design
- • Engage directly with clearing members and large clients on their risk profile, margin requirements, and exposure concentrations
🎯 Requirements
- • Prior trading experience — direct experience trading and managing risk on a desk (derivatives, futures, options, fixed income, commodities, or equities), with an intuitive grasp of market microstructure, liquidity, and volatility dynamics
- • Expertise in managing risk at a DCO, FCM, or trading desk
- • Hands-on experience calibrating market-risk methodologies: VaR, Expected Shortfall, stress testing, scenario analysis, SPAN, or portfolio margining
- • Working knowledge of the regulatory landscape for FCMs and DCOs — CFTC regulations, DCO Core Principles, customer fund segregation, and related requirements
- • Exceptional communication skills — proven ability to present exposures, model results, and risk trade-offs clearly and credibly to a Risk Committee, Board, and regulators
- • 10+ years in market or clearing risk, trading, or a closely related discipline, including time in a leadership or senior individual-contributor capacity
- • Bachelor's degree in a quantitative field (finance, economics, mathematics, engineering, or similar)
🏖️ Benefits
- • Competitive salary & equity
- • Unlimited PTO
- • Full Health, Vision, & Dental coverage
- • 401k match
- • Hardware setup: new MacBook Pro, big display, & accessories
Skills & Technologies
See exactly how your profile matches this role — strengths, skill gaps, and what to do about them.
About Polymarket Inc.
Polymarket is a decentralized prediction market platform that allows users to trade on the outcomes of future events. Operating on blockchain technology, it enables individuals to bet on a wide range of topics, including politics, current events, and cryptocurrency. The platform facilitates transparent and trustless trading by leveraging smart contracts, ensuring that payouts are automatically executed based on verified event resolutions. Polymarket aims to democratize information and provide a novel way for people to engage with and profit from their insights into the future, fostering a global community of informed predictors.
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