Senior Derivatives Risk Control Specialist

Bybit
Abu Dhabi
Workplace: OnsiteFull timeFunction: Legal, Risk & ComplianceExperience: 3+ yearsEducation: bachelorsSkills: ["Data analysis","Model validation","Risk measurement","Problem-solving"]

Build the underlying risk framework for derivatives products, including pricing logic, risk parameter design, and monitoring mechanisms for perpetual, futures, and options. Design funding-rate and settlement methodologies, option pricing models, leverage and position limits, ADL triggers, insurance fund utilization, and circuit breaker plans for extreme market events. Partner with product and market surveillance teams to define listing risk admission criteria and investigate potential market manipulation.

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FursaFursa
Bybit
Bybit
3 days ago

Senior Derivatives Risk Control Specialist

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Last checked: 14 hours agoStatus: Live
Reposted: similar role first listed 3 weeks ago

Job Summary

Build the underlying risk framework for derivatives products, including pricing logic, risk parameter design, and monitoring mechanisms for perpetual, futures, and options. Design funding-rate and settlement methodologies, option pricing models, leverage and position limits, ADL triggers, insurance fund utilization, and circuit breaker plans for extreme market events. Partner with product and market surveillance teams to define listing risk admission criteria and investigate potential market manipulation.
Location: Abu Dhabi
Workplace: Onsite
Employment Type: Full time
Job Function: Legal, Risk & Compliance
Seniority: Mid level

Key Responsibilities

  • •Design perpetual contract funding rate mechanisms, including billing frequency, bounds, and premium index logic.
  • •Develop futures contract settlement price methodology, including TWAP/index weighting and anti-manipulation mechanisms.
  • •Design options pricing models (Black-Scholes, volatility surface fitting) and assess systemic risk when introducing products.
  • •Create risk parameters such as maximum leverage, instrument position limits, ADL triggers, and ranking rules.
  • •Build monitoring and contingency mechanisms, including insurance fund utilization/replenishment rules and circuit breaker plans for extreme events.

Pay and Benefits

Perks:Learning Budget

Key Requirements

  • •Bachelor's degree or above in Finance, Mathematics, Statistics, Computer Science, or related fields.
  • •3+ years of derivatives-related experience in traditional finance (futures/options market making, risk management) or crypto exchange risk management.
  • •Deep understanding of perpetual contract mechanics (funding rate, Mark Price, liquidation logic) and differences from traditional futures.
  • •Proficient in Python for data analysis, parameter backtesting, and model validation.
  • •Solid foundation in probability and statistics, including VaR and Expected Shortfall risk measurement methodologies.
Experience:3+ yearsCryptocurrencyCrypto exchangeDerivativesFuturesOptions
Education:Bachelor's
Skills:Data analysisModel validationRisk measurementProblem-solving
Languages:English
Tech Stack:PythonSQLSpark

Company Brief

Bybit
Operates a cryptocurrency exchange and trading platform offering spot, derivatives, copy trading, and related digital asset services for retail and institutional users. The platform focuses on high-liquidity crypto markets, trading tools, and Web3-related products.
Industry: Trading Platforms
Company Size: Enterprise (1,001+ employees)
Growth: Established Company
Founded: 2018
WebsiteLinkedIn