Senior Manager, Market Risk; Trading & Derivatives

Location

United States

Full time

Remote

Finance & Accounting

• $110.4K – $220.8K
  • Offers Equity
  • Offers Bonus

This is the target annual salary range for this role. This range is not inclusive of other additional compensation elements, such as our Bonus program, Equity program, Wellness allowance, and other benefits [US Only] (including medical, dental, vision and 401(k)).

The compensation range provided is influenced by various factors and represents the initial target range. Our salary offerings are dynamic and we strive to ensure that our base salary and total compensation package aligns and recognizes the top talent we aim to attract and retain. The compensation package of the successful candidate is based on various factors such as their skillset, experience, and job scope.

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. Learn how to create a Kraken account here.

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.

Become a Krakenite and build the future of crypto!

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.

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.

As Senior Manager, Market Risk
, you 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…