Product Manager, Portfolio Margin and Risk

Lead the end-to-end design and delivery of portfolio margin and risk capabilities, including margin methodologies, pre-trade buying power, real-time margin systems, instrument modeling, position netting, risk factor ingestion, liquidation workflows, and integrations with pricing, P&L, booking, and treasury systems.

Responsibilities

• Design and evolve portfolio-based margin systems across spot, futures, options, swaps, and structured derivatives.
• Translate scenario, shock, and correlation-based methodologies into product requirements and operationalize VaR and Expected Shortfall.
• Implement portfolio offsets, concentration add-ons, liquidity haircuts, and regulatory overlays.
• Architect pre-trade incremental margin estimation systems, real-time risk views, APIs, and internal tools.
• Define canonical instrument representations, position netting logic, cross-margin eligibility, and capital efficiency checks.
• Partner with engineering on real-time risk factor ingestion, portfolio aggregation, and event-driven recalculation.
• Design margin call logic, risk thresholds, liquidation workflows, and predictable behavior under stress.
• Integrate margin engines with pricing, P&L, booking, treasury, funding, and capital systems.
• Own roadmap development, methodology evolution, delivery timelines, and cross-functional tradeoff discussions.
• Champion thoughtful adoption of AI for product development and prototyping.

Requirements

• 7+ years of experience in trading product, margin, derivatives, or risk systems across TradFi and crypto/fintech.
• Fluency in portfolio margin, VaR/ES, scenario analysis, correlations, stress testing, and Greeks.
• Experience with instrument modeling, position aggregation, and real-time margin or risk engines.
• Knowledge of Reg-T, portfolio margin, cross-margining, overlays, and capital efficiency.
• Experience using AI tools for research, prototyping, documentation, and solution design.
• Ability to operate effectively in ambiguous or greenfield fintech environments.
• Experience partnering with traders and optimizing for latency, determinism, and usability.
• Bonus: experience with SPAN, TIMS, FIX, WebSocket, REST APIs, market data normalization, ISDA/CSA, collateral mechanics, or crypto-native derivatives.

Benefits

• Competitive base salary and discretionary bonus
• Hybrid/flexible working arrangements
• Flexible paid time off
• 3% 401(k) company contribution
• Company-paid health and protective benefits for employees, partners, and dependents
• Generous paid parental leave
• Competitive family planning benefits for US employees
• Opportunities to learn about the crypto industry
• Employee Resource Groups
• Free virtual coaching and counseling sessions through Headspace
• Free daily snacks and weekly breakfasts or lunches