Director of Counterparty Risk Management

Palo Alto, USA
Full time
Office
Compensation is not specified
Role
CTO
Description

BitGo is a prominent provider of digital asset solutions focusing on custody, wallets, staking, trading, financing, and settlement services from regulated cold storage facilities. Established in 2013, BitGo is at the forefront of serving institutional clients in the digital asset space, endeavoring to promote a borderless and accessible digital financial services economy. With a global presence, BitGo acts as a primary security and operational support for over 1,500 institutional clients globally, including renowned brands, cryptocurrency exchanges, and platforms, contributing to securing a significant portion of on-chain Bitcoin transactions.

Key Responsibilities:

  • Provide oversight on risk management for business activities and risk assessment.
  • Ensure adherence to defined risk framework and procedures, promptly addressing and escalating any identified issues.
  • Contribute significantly to strategic developments focusing on enhancing stress testing, risk analytics, and intra-day risk management tools.
  • Evaluate and approve risks relating to margin financing and collateral arrangements.
  • Conduct stress testing and VaR analysis for client portfolios while monitoring limit utilizations when necessary.
  • Identify, evaluate, and analyze risks across various business aspects, including counterparty, country, asset, exchange, currency, and concentration risks.
  • Cultivate strong relationships with key stakeholders in different business functions.
  • Stay informed of market structure changes, regulations, and best practices.

Required Skills & Experience:

  • Seeking individuals with a strong commitment to their work, fostering ownership, and advocating for transparent collaboration within BitGo.
  • Proficient in applying risk and control practices effectively.
  • Comfortable working in a fast-paced startup environment.
  • Capable of seamless collaboration with remote team members and other parties.
  • Desirable technical understanding of quantitative and qualitative risks concerning lending and financing.
  • Knowledge of crypto asset products, including risk modeling, is advantageous.
  • Excellent analytical skills, keen attention to detail, and accurate judgment in identifying and representing risk issues.
  • Ability to balance structured and flexible approaches, make tough decisions when required.

Why Choose BitGo:

Embrace a challenging and innovative work environment where individuals strive for excellence and embody corporate values such as ownership, craftsmanship, and transparent communication. BitGo offers competitive compensation packages, health benefits, 401k matching, paid parental leave, custom meals, inspirational colleagues, and a supportive startup culture.

Cryptocurrencies are revolutionizing the financial services industry, and with BitGo, you can be part of a team that is reshaping investment strategies for the future.

Pay Transparency Notice: Depending on the level and location, the average compensation for this role ranges from $170,000 to $210,000 USD base salary, along with equity, annual performance bonus, and comprehensive benefits.

Skills Required
Avatar
BitGo
Company size
Not specified
Location
United States
Description
BitGo provides regulated custody, financial services, and core infrastructure for investors and builders alike.

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