B2C2 are a major crypto market-maker and OTC liquidity provider, with 500+ clients in 50+ countries.

A true principal at risk firm, the vast majority of OTC desks, FX brokers, aggregators and hedge funds rely on us for liquidity - which we provide, regardless of market conditions.

The focus from the outset has been to bring greater transparency, efficiency and best practice to the market. We were first to introduce a crypto ISDA master agreement; first to launch OTC streaming, executable pricing; and the first European firm to receive a full MiFID regulatory licence. Our scalable tech allows us to provide continuous, competitive pricing and trade settlement despite volatile markets. Our clients choose us for our competitive pricing, ability to minimise market impact and global 24/7 client service team thanks to our market-making algorithms.

Our mission is to become the world's first digital investment bank and we're looking for people who are excited about joining us on our journey. We pride ourselves on our company culture and ability to attract not only the top talent but the right people. If you are looking for a role in an exciting new industry, at a dynamic company please keep reading.

Job Description:

The successful incumbent will be responsible for managing the overall risk management and risk appetite of the Company. The role is initially a stand-alone role whereby they will be responsible for identification, analysis and mitigation of internal and external risks. The risk responsibility covers not just financial risks but a number of non-financial risks including operational risk, liquidity risk, political, technological and capital reporting. The incumbent seeks to ensure that B2C2 complies with government regulations, and review factors that could potentially damage the business, assets, performance or reputation.

This appointment is a critical role for B2C2 and as such, we are seeking to hire an individual who has experience as a market risk professional, preferably with experience in market risk management relating to FX trading, with excellent management and communication skills for both managing the external interface with regulators if required and the internal communication with heads of the business.

The incumbent will shape the future of risk for B2C2 and will be supported by members of the EXCO team in doing so. They will look to ensure that risk-taking at the individual portfolio/book level, the counterparty level and the firm level is efficient and deliberate, by setting appropriate risk guidelines and limits.

The role of the Risk Manager requires having a deep understanding of how macroeconomic factors drive the decision-making process in the markets. The role requires an insight on correlations across various market factors as well as understanding concentration and liquidity risk across all the assets we trade (i.e. spot trading, funding, options and structured products involving cryptocurrencies).

Responsibilities:

• Develop global and local risk management strategies and risk appetites.
• Build a healthy risk culture, balancing the right mix of technical risk and behavioural competencies such as being commercially focused, excellent in communication and confident with change management.
• Create new and improve existing risk frameworks followed by continual monitoring of such risk.
• Interact with EXCO and board management and regulators as necessary.
• Advise EXCO and board management on group risk policies and risk management frameworks.
• Develop and maintain analytics and scenario analysis for day-to-day risk monitoring purposes, independent of the front-office trading teams.
• Partner with FLOD teams and businesses to confirm that risks are fully understood, consistent with client and firm objectives, and appropriately mitigated and scaled given the defined market risks including day to day monitoring and limit amendments.
• Coordinating with other teams (Trading, Compliance, Finance, Operations and Technology).
• Pro-actively and regularly monitoring risks in the geographic and product portfolios by presenting and updating pertinent analyses on markets/trading, portfolio risk and performance drivers to the management team as requested.
• Support the establishment and maintenance of suitable market risk framework including VaR measurement, VaR proxy decisions, back-testing, profit and loss attribution analysis, monitoring of risk positions and changes, discussion of trades with traders and determining limits (?)
• Apply concepts of book construction, stress testing, risk & performance attribution, and liquidity analysis to real world dealing problems
• Helping to define and evolve the analytics and risk management framework over time to ensure adequate risk oversight as well as managing and mentoring junior team members.
• Actively manage the firm's risk exposures through regular attendance of the Risk Committee meetings.
• Continue to build strong relations with business at all levels
• Develop and manage risk capture/reporting systems and processes
• Develop existing and new risk frameworks and policies.
• Work effectively across the different functions as necessary including Trading, IT, Finance, Compliance, Legal, HR, Change Management, PR/Marketing to ensure B2C2's overall goals are met.
• Assist with the operational risk framework and act as first line of defence in your given role.

Experience & Qualifications:

• Proven track record as a successful risk manager, preferably with a market risk background focusing on FX with a leading financial institution, applying market risk disciplines with high standards of delivery, in a timely, effective way.
• A degree in mathematics, quantitative finance, computer science, economics, statistics, engineering or another quantitative field.
• Excellent technical experience in market risk with broad product experience across investment banking.
• International experience, combined with a global perspective, comfortable operating in a diverse and multi-cultural environment.

Requirements:

• A mature and highly presentable individual with the ability to look forward and provide clear direction.
• Genuine business orientation with the stature to act as an effective champion of market risk activities and to influence and command the respect of EXCO and board members.
• A self-starter with energy and drive and a high degree of self-motivation
• Gravitas and outstanding communication and interpersonal skills, with the ability to communicate at all levels across the Company and build an internal as well as external network
• Strong financial understanding analytical and a business enabler with the ability to innovate and think outside the box.
• A structured and flexible approach, independently minded, tough yet balanced decision maker with sound judgement, calm under pressure and the ability to prioritise.
• An ability to explain complex ideas in simple but impactful terms in order to influence management decisions.
• A passion for applying quantitative techniques to real-world problems including analyzing portfolio risk taking and understanding financial markets.
• Experience with derivatives, option trading strategies and option valuation.
• Strong knowledge of financial markets, preferably Equities, FX and Crypto.
• Experience with scenario analysis, stress-testing, risk factor models, performance attribution, and other risk-related metrics and tools.
• FRM or CFA designation is a plus.
• Work with HR to support processes surrounding people development and feedback as necessary.
• Continually demonstrates application of group policies and relevant regulatory framework

Benefits:

In return for your hard work, we are committed to creating an environment where you can thrive. Employee benefits are continually evolving at B2C2 and at present we are proud to offer:

• The opportunity to grow at a fast pace in meritocratic environment
• Performance review and discretionary cash bonus paid every 6 months
• 25 days holiday (plus bank holidays)
• Vitality healthcare package
• Competitive pension contribution and matching
• Group Income Protection
• Enhanced maternity/paternity leave
• Exciting social calendar
• Flexible working

A strong culture is a common denominator among the most successful companies and B2C2 is proud to be a values-based company.

• Ambitious - Striving to make history through world class achievements
• Innovative - Forward looking in our solutions for clients and employees
• Meritocratic - Rewarding positive contribution across the organisation
• Collegiate - Achieving through teamwork through a healthy environment
• Risk Aware - Informed decision making and considered in our practices

Equal Employment Opportunities Policy:

B2C2 is committed to a policy of equal employment opportunity for applicants and employees and we welcome applicants from all backgrounds. It is the policy of B2C2 to apply recruiting, hiring, training, promotion, compensation and professional development practices without regard to actual or perceived race, colour, religion, sex (including pregnancy, sexual orientation and gender identity), national origin, age, disability or certain classifications based on genetic information, or because someone is married or in a civil partnership or any other characteristic protected by federal, state or local laws, regulations or ordinances. As such, B2C2 will not tolerate discrimination against any of our employees on the basis of membership in a protected category. We are also committed to creating an inclusive environment to ensure we attract, engage, promote and retain the best talent. We will consider flexible working arrangements for any of our roles.