Head of Risk Management — Crypto Quant FoF
Location: Hong Kong (or Shenzhen with weekly HK presence 3–4 days)
Compensation: HKD $800,000 – $1,000,000 annually ($100k to $130k USD)
Mandarin speaking is a must-have for this role
About the Role
Our client, a leading Crypto Quant Fund of Funds, is seeking a Head of Risk Management to build and lead the firm’s full-stack risk function. This role oversees multi-strategy quant risk, exchange-level risk monitoring, and real-time trading surveillance across both on-chain and centralized markets.
You will work directly with the CIO, external strategy teams, exchanges, auditors, and internal engineering to design the entire FoF risk framework—including real-time monitoring systems, circuit breakers, execution compliance, and emergency action procedures.
Key Responsibilities
1. Strategy-Level Risk Oversight
- Review and audit risk frameworks of external CTAs, quant teams, and traders.
- Monitor multi-strategy portfolios in real time: drawdowns, slippage, unexpected exposure, wash trading, abnormal frequency, etc.
- Track asset-level risks: liquidity depth, liquidation risk, contract structure, on-chain events (re-orgs, bridge failures).
2. Exchange & Market Structure Risk Monitoring
- Build an exchange risk scoring model covering outages, latency, API failures, counterparty risk, and fund safety.
- Monitor market liquidity regimes across CEX & DEX: depth, taker/maker behavior, liquidation walls, stablecoin health.
- Integrate third-party data (Kaiko, AmberData, Websocket feeds) for anomaly detection.
3. Real-Time Risk Engine Development
- Lead the creation of a real-time FoF risk dashboard.
- Monitor exposure (delta/gamma/vega), correlations, abnormal flows, benchmark deviations.
- Work with engineers to build:
- Auto-alert systems (Telegram/Slack)
- Trading circuit breakers
- Auto-halt modules for abnormal behavior
4. Emergency Risk Handling
- Make rapid decisions during crisis events:
- Exchange downtime/spikes
- Blockchain congestion
- Stablecoin depeg
- Strategy malfunction
- Major black swan events
5. Internal Risk Framework Development
- Define strategy onboarding standards, risk limits, max exposure, and concentration limits.
- Build permission matrices, environment isolation (DEV/PROD), operational audit flows.
- Strengthen post-investment monitoring and transparency.
6. Investment & Compliance Collaboration
- Support CIO in evaluating new strategies from a risk perspective.
- Coordinate with fund admin, auditors, and compliance teams to ensure regulatory alignment (HK / Cayman / Singapore).
Requirements
- 2–5+ years of risk management experience in Crypto Quant / TradFi Quant / HFT.
- Strong understanding of centralized exchange microstructure, perpetual swaps, cross-exchange spreads, on-chain liquidity.
- Ability to identify strategy abnormalities (wash trades, spoofing, model drift, exposure mismatch).
- Proficiency in Python / Typescript / Go (any one is acceptable).
- Experience with API/Websocket data pipelines and real-time monitoring systems.
- Able to read trading logs, execution data, and on-chain analytics.
- Strong decision-making ability under pressure.
- Clear communication skills with CIO, engineers, and external quant teams.
Nice to Have
- Experience in Crypto quant funds or high-frequency firms.
- Hands-on experience building risk systems or monitoring tools.
- Knowledge of options Greeks, DeFi risks, Oracle failure modes.
- Experience in execution compliance / trading log audits.
Benefits
- Competitive salary (HKD 800k–1M) + potential equity and bonues
- Work closely with top quant teams and CIO
- High ownership, real decision-making authority
- Exposure to multi-strategy quant, CEX/DEX, and real-time systems
