Director, Market Risk

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We’re Coinbase. We’re the world’s most trusted way to join the crypto revolution, serving more than 73 million accounts in more than 100 countries. 

Our mission is to increase economic freedom around the world, and we couldn’t do this without hiring the best people. We’re a group of hard-working overachievers who are deeply focused on building the future of finance and Web 3.0 for our users across the globe, whether they’re trading, storing, staking or using crypto. Know those people who always lead the group project? That’s us.

There are a few things we look for across all hires we make at Coinbase, regardless of role or team. First, we look for candidates who will thrive in a culture like ours, where we default to trust, embrace feedback, and disrupt ourselves. Second, we expect all employees to commit to our mission-focused approach to our work. Finally, we seek people who are excited to learn about and live crypto, because those are the folks who enjoy the intense moments in our sprint and recharge work culture. We’re a remote-first company looking to hire the absolute best talent all over the world.

Ready to #LiveCrypto? Who you are:

  • You’ve got positive energy. You’re optimistic about the future and determined to get there. 
  • You’re never tired of learning. You want to be a pro in bleeding edge tech like DeFi, NFTs, DAOs, and Web 3.0. 
  • You appreciate direct communication. You’re both an active communicator and an eager listener - because let’s face it, you can’t have one without the other. You’re cool with candid feedback and see every setback as an opportunity to grow.
  • You can pivot on the fly. Crypto is constantly evolving, so our priorities do, too. What you worked on last month may not be what you work on today, and that excites you. You’re not looking for a boring job.
  • You have a “can do” attitude. Our teams create high-quality work on quick timelines. Owning a problem doesn’t scare you, but rather empowers you to take 100% responsibility for achieving our mission.
  • You want to be part of a winning team. We’re stronger together, and you’re a person who embraces being pushed out of your comfort zone.

We are looking for a highly motivated, entrepreneurial, and experienced Director, Market Risk to design, implement and operate a risk management framework to ensure that market risks assumed are properly assessed, measured, validated and managed in compliance with Coinbase risk policies and risk appetite. 

Reporting to our Chief Financial Officer, you will be responsible for managing a team that focuses on monitoring the financial market environment and market risk model performance for optimal execution of risk strategies. You will collaborate closely with our Credit, Treasury, Data Science and product teams to review initiatives, identify potential risk situations and move the business forward.

What you’ll be doing (ie. job duties):

  • Design, implement and operate a risk management framework to ensure that market risks assumed are properly assessed, measured, validated and managed in compliance with Coinbase risk policies and risk appetite
  • Measure the effectiveness of market risk framework; recommend changes as required
  • Monitor the financial market environment and market risk model performance for optimal execution of risk strategies
  • Build appropriately sized  team to support global analysis of market risk 
  • Partner with other teams (Credit, Treasury, Data Science etc) in developing new and improving existing analytics and quantitative models for measuring market risk 
  • Stay abreast of relevant changes to rules/regulations, emerging risks and other industry news including regulatory findings
  • Oversee the preparation of market risk reports, examinations, audits and inspections from external parties and ensure findings are remediated appropriately
  • Manage the review and sign-off process for relevant regulatory reporting
  • Support ad-hoc risk strategy presentations and initiatives including regular clear, concise reports on Coinbase market risk position to executive team 
  • Lead and integrate the monitoring, measurement & reporting on the status of the market risk governance program to internal & external stakeholders
  • Review new business initiatives and monitor existing initiatives to identify potential risk situations/ impacts; make recommendations or escalate as appropriate 
  • Partner with product teams to drive new business initiatives within risk tolerances

What we look for in you (ie. job requirements):

  • 10+ years of demonstrated experience in market risk management in financial services, with experience in derivatives and complex trades
  • Deep experience monitoring real-time market trends, conducting real-time portfolio analysis, developing and managing quantitative risk measurement models, and designing and interpreting stress testing analyses
  • Strong intellect, a broad perspective, an ability to think strategically, and the confidence to interact with a wide-range of senior leaders
  • Great hiring and people manager
  • Demonstrated track record of reporting to senior management on emerging trends and regulatory issues
  • Excellent written and spoken communicator with ability to translate complex risk topics into actionable tasks.
  • Expert knowledge and understanding of market risk management practices, regulatory requirements and risk policy frameworks
  • Knowledge about best practices in technology, systems, data reporting for compliance.
  • Organization skills and experience setting priorities, problem-solving, multi-tasking, analytical experience, a self-starter who works well independently and in a team in a dynamic, rapidly changing workplace

Nice to haves:

  • Experience in tech/fintech, in a role that has required the person to be nimble and innovative.
  • Experience managing a global team

Notice for Colorado applicants as required by sb19-085 (8-5-20). Target annual salary for this role performed in Colorado, is $238,000 + target bonus + target equity + benefits (including medical, dental, vision and 401(k)). .

ID: PP33720

Please note that for employees based in the US, Philippines, Canada or Singapore, if your role requires you to be present in a Coinbase office or if you choose to be physically present in a Coinbase office or sponsored location, participate in any in-person gathering (including offsites) or engage in business travel sponsored by Coinbase, you will be required to be fully vaccinated (as defined by applicable law).  If you receive an offer, you will receive additional information about the grounds and process for an exemption.Commitment to Equal Opportunity

Coinbase is committed to diversity in its workforce and is proud to be an Equal Opportunity Employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, sex, gender expression or identity, sexual orientation or any other basis protected by applicable law. Coinbase will also consider for employment qualified applicants with criminal histories in a manner consistent with applicable federal, state and local law.  For US applicants, you may view Pay Transparency, Employee Rights and Equal Employment Opportunity is the Law notices by clicking on their corresponding links.  Additionally, Coinbase participates in the E-Verify program in certain locations, as required by law.    

Coinbase is also committed to providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to accommodations[at]coinbase.com and let us know the nature of your request and your contact information.  For quick access to screen reading technology compatible with this site click here to download a free compatible screen reader (free step by step tutorial can be found here).

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