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Robinhood is seeking a Derivatives Risk Oversight Lead to join its Second Line of Defense team in Ljubljana, supporting the financial stability of its derivatives trading operations and Bitstamp Financial Services (BFS) entity.
You will serve as a key risk management leader responsible for overseeing and enhancing risk management frameworks across derivatives products. Working closely with the Director of Risk, you will implement and manage comprehensive financial risk management programs covering market, product, counterparty, margin, collateral, and liquidity risks arising from spot and derivatives activities.
Key responsibilities include:
• Independent monitoring of risk exposures across financial and operational domains, with escalation of limit breaches and focus on trading-related risks and scalable control design.
• Review and validation of risk models and exposure metrics across derivatives products and trading strategies, including independent challenge of product calculations, valuation logic, and model assumptions.
• Definition and periodic review of margin methodologies, including assessment of initial margin, maintenance margin, liquidation thresholds, collateral haircuts, and stressed close-out assumptions.
• Development and management of counterparty risk frameworks and limits, with independent monitoring of exposures and concentration risk across spot and derivatives books.
• Stress testing and scenario analysis to assess portfolio impact under adverse market conditions, including design of independent house stress scenarios.
• Completion of quarterly regulatory submissions under the MiFID license, including capital requirement calculations (ICAAP) and quantitative reporting.
• Building and enhancement of internal capital and liquidity models to account for derivatives-specific risks including perpetual swaps, leverage, funding mechanics, and stressed liquidity scenarios.
• Development of key risk and early warning indicators, KRI thresholds, and escalation triggers in collaboration with first-line teams.
• Establishment of regular risk assessment processes covering daily monitoring, weekly/monthly deep dives, periodic model reviews, and formal escalation governance.
• Cross-functional collaboration with Product, Operations, Compliance, Legal, and Technology teams to integrate risk management into business processes.
• Promotion of risk-aware culture through regulatory-required training and clear ownership delineation between first and second lines of defense.
This role is based in the Ljubljana office with in-person attendance required at least 3 days per week. You will report findings to management and regulatory authorities, highlighting key risk metrics, exposures, and required management actions.
