Director of Risk Management
WavesReachHong Kong, Hong Kong SAR, Hong Kong
Posted December 11, 2025
Full Time
About the Company
WavesReach specializes in talent acquisition, focusing on aligning high‑potential candidates with industry opportunities. Their approach emphasizes staying ahead of market trends and leveraging deep insight into skillsets to deliver transformative hires. Unlike traditional recruiters, WavesReach positions itself as a dynamic partner, navigating changing talent landscapes to secure the best talent for client teams. Their distinctive "wave riding" metaphor underscores a proactive, trend‑responsive methodology that sets them apart in the recruiting industry.
Job Description
We are looking for a hands-on Director of Risk Management to build, scale, and operate a complete risk framework across multiple external trading teams, quant strategies, and exchanges. The ideal candidate has deep experience in crypto trading risk, derivatives, or multi-strategy quant funds.
Requirements
- Review and challenge risk frameworks from external PMs, CTAs, and quant teams.
- Monitor trading behaviour for position drift, anomalies, unexpected exposure, or abnormal execution patterns.
- Evaluate token and asset-level risks: liquidity, volatility, depth, and chain-specific risks
- Monitor CEX/DEX liquidity, spreads, funding rate regimes, liquidation walls, and stablecoin health.
- Maintain a dynamic exchange risk scoring system (latency issues, downtime, API stability, counterparty risk).
- Build and oversee a FoF-level risk monitoring dashboard covering positions & net exposures, factor correlations, delta/gamma/vega (if relevant), drawdowns vs benchmarks, and margin movements & flows.
- Define risk alerting logic (Slack/Telegram) and escalation thresholds.
- Collaborate with engineering to introduce circuit-breakers, auto-pause logic, and safeguards for abnormal behaviour.
- Lead rapid decision-making during critical events: exchange outages, chain congestion, depegs, black-swan moves, or strategy malfunctions.
- Communicate clear pause / reduce risk recommendations to CIO and partners.
- Build end-to-end risk policies and operating procedures.
- Define limits: max drawdowns, position limits, concentration thresholds.
- Oversee DEV/PROD separation and workflow hygiene.
- Conduct post-trade and post-incident reviews; enhance processes accordingly.
- Support evaluation of new strategies from a risk perspective.
- Work with fund admin, audit, and compliance teams to match HK/Cayman/Singapore standards.
Benefits
- Generous Paid Time Off
- 401k Matching
- Retirement Plan
- Visa Sponsorship
- Four Day Work Week
- Generous Parental Leave
- Tuition Reimbursement
- Relocation Assistance
