Vice President, Risk Management – Galaxy Asset Management
- Galaxy Digital
- New York, NY
- Feb 04, 2025
Job Description
Who We Are:
At Galaxy we are building products and services to help the world invest in economic progress. We believe crypto and blockchain innovations will permeate and improve all aspects of our global economy. Our vision is a society where value and ownership flow as freely as information. Galaxy is a digital asset and blockchain leader helping institutions, startups, and individuals access and navigate the crypto economy. As one of the most well-capitalized and trusted companies in the industry, we provide platform solutions custom-made for a digitally native ecosystem across three complementary operating businesses: Global Markets, Asset Management, and Digital Infrastructure Solutions. Our offerings include, amongst others, trading, lending, strategic advisory services, institutional-grade investment solutions across passive, active and venture strategies, proprietary bitcoin mining and hosting services, network validator services, and the development of enterprise custodial technology. Galaxy’s CEO and Founder Michael Novogratz leads a team of crypto enthusiasts, and institutional veterans focused on the future of finance and Web3. The Company is headquartered in New York City, with global offices across North America, Europe and Asia.
Additional information about the Company's businesses and products is available on www.galaxy.com.
What We Value:
We are a diverse team of free thinkers, and fast movers united to help investors and creators energize the global economy. We are looking for individuals who thrive in a culture of builders and overachievers and embrace high performance, transparent feedback, and a mission-first approach. Our culture shapes our way of working and gets us where we want to be.
- Seek Excellence.
- Be Selective To Be Effective.
- Be Highly Aligned, Loosely Coupled.
- Disagree Transparently.
- Encourage Independent Decision-Making.
- Build Dream Teams.
About GAM:
Galaxy Asset Management (GAM) provides a comprehensive suite of institutional-grade investment solutions via passive, active, and venture strategies. GAM combines traditional finance experience with crypto-native know-how to help investors navigate the digital assets and blockchain ecosystem with confidence.
Specifically, the GAM organization consists of:
- Passive crypto-coin funds
- Actively managed funds comprised of both traditional finance and crypto investments
- Actively managed ETFs in partnership with established prestigious investment managers
- Venture capital funds and opportunistic investments
GAM is one of the 3 core business lines which the Galaxy firmwide centralized Risk Management function independently oversees in a 2nd Line of Defense capacity, led by the enterprise Chief Risk Officer (CRO).
Who You Are:
Candidate sought for GAM risk manager role within the Galaxy CRO’s risk management team. The candidate should have prior work experience in market risk management and deep knowledge of digital assets. Your role is to collaborate with portfolio managers and traders on portfolio construction, investment and risk analysis and ensure that the CRO and senior management is informed of the risks.
What You'll Do:
- Collaborate with CRO and other Risk managers to establish and operate the risk management framework for the global GAM business
- Identify, measure, and manage financial and non-financial risks across GAM’s multiple business lines
- Leverage on-chain information to enable data driven decision making and risk management
- Build tools to extract information from DeFi protocols
- Assist in the development and maintenance of systems to calculate risk metrics and performance evaluation
- Communicate with risk takers to assess positions and volatility
- Produce risk reports for risk takers, risk managers, and senior management
- Analyze, assess, visualize and report risks to CRO, and senior management
- Monitor risks across multiple time zones
What We're Looking For:
- 6+ years of experience (risk/quant/trading, buy-side is a plus)
- Hands-on experience of working with Portfolio Managers and knowledge of hedge fund strategies
- Experience in regulatory engagements relating to asset management
- Extensive knowledge of Risk Modelling e.g., stochastic volatility, factor risk modelling, PCA
- Deep knowledge of Digital Assets and DeFi or a deep-seated interest to learn about this space
- Degree in finance, computer science or other quantitative subjects
- Experience in Python, SQL, and Excel and ability to build systems from scratch
- Good communication skills and is a critical thinker
Bonus Points:
- Experience with financial data and processes
- Prior experience in an asset management risk role
- Knowledge of crypto ETF market
What We Offer:
- Competitive base salary and discretionary bonus
- Flexible Time Off (paid)
- 3% 401(k) company contribution
- Company-paid health and protective benefits for employees, partners, and other dependents
- Generous paid Parental Leave
- Free virtual coaching and counseling sessions through Ginger
- Opportunities to learn about the Crypto industry
- Free daily snacks in-office
- Smart, entrepreneurial, and fun colleagues
- Employee Resource Groups
*Benefits may vary depending on location.
Apply now and join us on our mission to engineer a new economic paradigm.
The base salary ranges included below will be commensurate with candidate experience, expertise and local market. Final offer amounts are determined by multiple factors, including candidate experience and expertise. At Galaxy, we maintain a total compensation philosophy which consists of a competitive base salary, annual bonus, and equity incentives.
Galaxy respects diversity and seeks to provide equal employment opportunities to all employees and job applicants for employment without regard to actual or perceived age, race, color, creed, religion, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or gender expression (including transgender status), sexual orientation, marital or partnership or caregiver status, ancestry, national origin, citizenship status, disability, military or veteran status, protected medical condition as defined by applicable state or local law, genetic information or predisposing genetic characteristic, or other characteristic protected by applicable federal, state, or local laws and ordinances.
We will endeavor to make a reasonable accommodation to the known limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business. If you believe you require such assistance to complete the application process or to participate in an interview, please contact [email protected].
Industry
Galaxy Digital is a diversified financial services firm dedicated to the digital asset, cryptocurrency and blockchain technology industry. As one of the most well-capitalized and trusted companies in the industry, Galaxy Digital is a publicly listed company on the TSX and operates five synergistic business lines: Trading (arbitrage, macro, market making/OTC), Asset Management (passive and active strategies, including venture capital), Principal Investing, Investment Banking Services (capital markets and M&A) and Mining (proprietary mining and mining finance). Galaxy Digital’s CEO and Founder Michael Novogratz leads a team of institutional veterans focused on this high-growth, technology-driven space. The company is headquartered in New York City, with offices in San Francisco, Tokyo, Hong Kong, London, Chicago, the Cayman Islands (registered office) and New Jersey.