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PolymarketPolymarketNew York, NY

Quant Risk Analyst

Build and own quantitative risk models, stress testing, default-risk frameworks, and real-time monitoring for a regulated derivatives exchange. The role requires hands-on derivatives risk experience, strong Python skills, exchange-mechanics expertise, and working knowledge of CFTC requirements.

Salary not listed
HybridData Science

About the role

Responsibilities

  • Build quantitative risk models for perpetuals and commodity derivatives, covering margin requirements, position limits, and tail risk across normal and stressed market conditions.
  • Design and maintain the exchange’s stress-testing framework, including scenario construction, loss estimation, and regular calibration as market conditions evolve.
  • Develop default-risk models to determine how the guarantee fund is sized, structured, and triggered during a default event.
  • Partner with engineers to build a real-time risk-monitoring platform that surfaces exposure, breaches, and anomalies during live trading.
  • Translate risk-model outputs into exchange policy, including margin schedules, liquidation logic, and market-maker requirements.
  • Own CFTC-related risk reporting and capital obligations, working with legal and compliance to meet regulatory requirements.
  • Identify gaps in the risk architecture and prioritize future development based on where exposure is growing fastest.

Requirements

  • Hands-on experience managing derivatives or futures risk at an exchange, clearinghouse, or trading firm.
  • Quantitative risk-management experience with direct ownership of model development.
  • Strong financial-modeling skills in Python, including clean, production-quality code.
  • Comfort working with AI tools across the full development cycle.
  • Deep familiarity with exchange mechanics, including order books, market-making dynamics, margin and collateral management, position limits, and liquidation.
  • Working knowledge of CFTC regulations for designated contract markets, including reporting requirements, capital rules, and conduct standards.
  • Ability to scope problems, build solutions independently, and defend assumptions to stakeholders.

Nice-to-Haves

  • Experience with guarantee-fund design or default-waterfall mechanics at a clearing organization.
  • Background in prediction markets, crypto derivatives, or other non-traditional asset classes.
  • Experience standing up a risk function or platform from scratch.

Compensation and Benefits

  • Competitive salary and equity.
  • Unlimited PTO.
  • Full health, vision, and dental coverage.
  • 401(k) match.
  • Hardware setup including a new MacBook Pro, display, and accessories.

Skills

Pythonquantitative risk managementFinancial Modelingderivativesfuturesstress testingmargin managementposition limitsliquidationmarket makingcollateral managementcftc regulationsrisk monitoringdefault riskorder books

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