Risk Manager - Quantitative Risk Modeling

Role Overview: We are looking for a highly analytical and technically-minded Risk Manager to join our Risk & Clearing team at Delta Exchange . You will be the primary owner of our exchange’s margin ecosystem, ensuring that our collateral requirements are balanced between capital efficiency for traders and systemic safety for the platform. The ideal candidate has a deep understanding of derivatives market structures, a data-driven approach to liquidation analysis, and the ability to bridge the gap between complex financial risk and product development. Requirements Core Responsibilities 1. Margin Methodology & Oversight Own and optimize margin calculations across all supported modes, including Isolated, Cross, and Portfolio Margin. Develop and refine risk parameters (maintenance margin, initial margin, and haircut models) to ensure the exchange is robust against extreme market volatility. Conduct stress testing and back-testing on margin models to ensure they withstand "black swan" events. 2. Liquidation & Negative Equity Analysis Perform post-mortem analysis on trader liquidations to identify patterns of failure. Investigate cases of negative equity (socialized losses/ADL) to determine why margin was insufficient and recommend adjustments to the insurance fund or liquidation engine logic. 3. Product & Technical Collaboration Tech Liaison: Partner with the engineering team to design and build real-time Risk Dashboards that monitor exchange-wide health, leverage ratios, and margin utilization. Translate complex risk requirements into technical specifications for the development of automated risk-mitigation tools. 4. Trader Experience & Market Microstructure Collaborate with the Customer Experience (CX) team to investigate trader complaints regarding high slippage or liquidity constraints. Analyze order book depth and execution quality to understand how liquidity gaps contribute to liquidation cascades. Qualifications & Skills Experience: 3–5 years in Risk Management,