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