We are seeking a hands-on Director of Risk to design , own, and operate an institutional-grade risk framework for high-velocity crypto markets. This role has end-to-end ownership of risk strategy, spanning multiple external trading teams, quant strategies, and centralized/decentralized exchanges. You will work at the intersection of real-time trading, quantitative strategies, and operational risk, with direct influence on trading decisions during both normal market conditions and extreme events. This role is ideal for someone with deep experience in crypto trading risk, derivatives, or multi-strategy quant environments, who combines market intuition with structured, data-driven oversight. Details : English: FluentSchedule: On-site/hybrid in Hong Kong (preferred) or Shenzhen (with 3–4 days/week in Hong Kong) Start: ASAP Project Details The project is a crypto-focused, multi-manager investment platform operating under a fund-of-funds (FoF) model. The platform deploys capital across multiple independent external trading teams, including: Quant market-neutral strategies CTA-style trend and momentum strategies Long/short crypto strategies Options and volatility-focused strategies Assets Under Management: ~USD 100M Markets: Global crypto markets (CEX & DEX) Instruments: Spot, futures, perpetuals, options Trading Velocity: High-frequency and systematic strategies with real-time risk sensitivity The Director of Risk sits above individual strategies and PMs, with a mandate to: Challenge and validate external teams’ internal risk frameworks Maintain portfolio-level and cross-strategy risk control Act as the central risk authority during market stress, infrastructure incidents, or abnormal trading behavior The environment is institutional in ambition but entrepreneurial in structure: Lean core team High ownership and minimal bureaucracy Systems and processes are actively being built and refined This role is critical to ensuring capital preservation, controlled risk-taking, and scalable growth as the platform expands its strategy set and capital base. Key Responsibilities Review, challenge, and approve risk frameworks from external PMs, CTAs, and quant teams Monitor trading behavior for: Position drift Anomalies and execution irregularities Unexpected or hidden exposures Support evaluation and onboarding of new strategies from a risk perspective Market & Asset Risk Monitoring Assess token-level and asset-level risks: Liquidity and depth Volatility regimes Chain-specific risks Monitor CEX and DEX conditions: Liquidity and spreads Funding rate regimes Liquidation walls Stablecoin health and de-peg risks Exchange & Infrastructure Risk Maintain a dynamic exchange risk scoring framework, including: Latency and downtime API stability Counterparty and operational risk Collaborate with engineering on: Circuit breakers Auto-pause logic Safeguards for abnormal behavior Risk Systems & Monitoring Build and oversee a fund-of-funds-level risk dashboard, covering: Positions and net exposures Factor and correlation analysis Delta / Gamma / Vega (where applicable) Drawdowns vs benchmarks Margin movements and capital flows Define alerting logic and escalation thresholds (Slack / Telegram or similar) Incident & Crisis Management Lead rapid decision-making during: Exchange outages Chain congestion De-pegs Black-swan market events Strategy malfunctions Communicate clear pause / reduce-risk recommendations to CIO and partners Conduct post-incident and post-trade reviews and continuously improve controls Governance & Controls Build end-to-end risk policies and operating procedures Define and enforce: Maximum drawdowns Position limits Concentration thresholds Oversee DEV / PROD separation and workflow hygiene Work with fund administrators, audit, and compliance teams to meet international standards (HK / Cayman / Singapore) Requirements 5+ years of experience in one or more of: Crypto exchange risk Derivatives risk Quant trading risk Multi-manager or FoF risk Hands-on familiarity with: Futures and perpetuals Funding rate dynamics Options (preferred) Strong understanding of market microstructure: Order books Slippage Liquidity behavior Ability to detect abnormal trading patterns and strategy misalignment Strong analytical foundation (Statistics, Financial Engineering, Quantitative Finance, or similar) Comfortable with Python / SQL, or working closely with data engineers to define monitoring logic Experience with dashboards and monitoring tools (Grafana, Tableau, or internal systems) Ability to translate analytical insights into clear, decisive risk actions High composure under pressure; strong judgment in time-critical situations Clear, confident communication with quant PMs and senior leadership Extreme ownership mindset; comfortable building systems from scratch