Senior Analyst – Market Risk and Control Onsite, Full Time NEW

ID: 1491 | 2-4 yrs | Bangalore/Mumbai | careers
Job Description – Senior Analyst

The CoinDCX Journey: Building the Future of Finance

At CoinDCX, our mission is to make crypto and blockchain accessible to every Indian by building safe, transparent, and resilient market infrastructure.

Operating one of India’s largest crypto exchanges means managing market risk in fast-moving, high-volatility environments. Our Market Risk & Control function sits at the center of this mission—ensuring exposures are understood, risks are surfaced early, and controls evolve with market complexity.

Role Summary

We are hiring a Senior Analyst – Market Risk & Control to support the day-to-day market risk function for our exchange operations in India.

This is a hands-on analytical role focused on running market risk analytics (VaR, stress tests, scenario losses), monitoring derivatives and liquidation risk, building dashboards and alerts, and driving timely, actionable escalations. The role is ideal for someone comfortable working with noisy data, shipping monitoring quickly, and partnering closely with Trading, Product, Engineering, and Operations teams.

What You’ll Do

1) Daily Risk Monitoring & Reporting

Produce daily market risk snapshots covering:
Spot and derivatives exposures
Major market movers
Risk exceptions and emerging hotspots
Track effective leverage, distance-to-liquidation (DTL), margin utilization, and concentration risk
Maintain an exceptions log and ensure timely escalations with clear, recommended actions

2) VaR, Stress Tests & Scenario Analytics

Maintain 1-day and 10-day VaR and scenario loss estimates
Validate model inputs, sampling windows, assumptions, and data integrity
Build and maintain stress libraries, including:
Volatility spikes
Correlation shocks
Liquidity dry-ups
Funding and basis shocks
Back-test and monitor model health:
VaR exceedances
Drift and regime shifts
Data-quality issues

3) Derivatives & Liquidation Risk Support

Monitor liquidation activity and tail-day behavior, including:
Mark vs LTP divergences
Index and mark-price integrity
Liquidation waterfall outcomes
Track funding rates and basis dynamics to identify systematic P&L drift or slippage
Support periodic risk-parameter reviews with evidence and post-mortems

4) Liquidity & Slippage Risk Analytics

Build and maintain liquidity views:
Bid–ask spreads
Order-book depth
Slippage and impact proxies
Exit capacity for key tokens
Estimate stress liquidation costs and time-to-exit under different market regimes
Flag thin-liquidity and concentration hotspots early

5) Dashboards, Automation & Data Tooling

Own and improve dashboards in Excel / Google Sheets (and/or BI tools)
Build automated refreshes, alerts (email/Slack), and runbooks
Improve data quality by defining and monitoring checks:
Missing data
Stale prices
Outliers and breaks

6) Controls, Documentation & Incident Reviews

Maintain SOPs, definitions, thresholds, and control checklists for market risk monitoring
Contribute to incident reviews by:
Building timelines
Developing root-cause hypotheses
Quantifying impact
Proposing preventive controls

You’ll Excel in This Role If You Have

Must-Have Skills & Experience

2–3+ years in market risk, trading risk, or derivatives ops + risk (Crypto experience preferred but not mandatory)
Working knowledge of derivatives mechanics:
Margining
Liquidations
Funding rates
Basis risk
Strong risk fundamentals:
VaR (historical / parametric)
Stress and scenario testing
Drawdowns and regime behavior
Comfort with trading microstructure concepts:
Order books and spreads
Mark vs LTP
Thin-liquidity behavior
Strong Excel / Google Sheets skills with clean modeling and dashboards
SQL or Python preferred for data pulls, automation, and basic checks

You’ll Know You’re Winning When

Daily risk monitoring consistently surfaces issues before they become incidents
VaR, stress, and scenario analytics are trusted inputs into decision-making
Derivatives and liquidation risks are clearly understood and proactively escalated
Incidents are handled with fast RCAs and permanent fixes
Any material risk event is followed by:
A quick post-mortem
Clear corrective actions
Closure tracking
Repeat incidents caused by monitoring or control gaps are driven down to near-zero

Why This Role Matters

This role sits at the intersection of markets, risk, and execution. Your work will directly influence:

Risk-adjusted profitability
Stability during volatile market conditions
Trust in CoinDCX’s trading and risk infrastructure

Hiring Process

Here’s what your journey with us looks like:

Application Review – We assess for skills, alignment, and intent
Recruiter Connect – A short conversation to understand you better
Functional Round(s) – Deep dive into your approach, craft, and problem-solving
Assignment / Simulation Round – Depends on Role
A take-home task or live problem-solving exercise to understand how you think and execute in real scenarios
Culture & Values Discussion – A conversation to understand our ways of working and how you thrive best
Founder Conversation (Optional) – For certain roles and senior levels, you may meet our founders to explore strategic alignment and long-term fit

Where We Work

We believe the best ideas emerge when people build together. Collaboration, speed and trust come alive when teams share the same space.

With this belief, we operate as a work-from-office organisation. This role is based out of our Bangalore/Mumbai office, where energy, alignment and innovation move in real time.

Perks That Empower You

We believe great people deserve great experiences.

Design Your Own Benefits: Flexible perks to match your lifestyle
Unlimited Wellness Leaves: Rest and recharge as you need
Mental Wellness Support: Access to therapy and wellness resources
Learning Sessions: Bi-weekly learning and growth opportunities

Ready to Build What’s Next?

If you’re looking for a role that gives you direct access to high-stakes decisions, deep impact and a chance to build the future of finance, this is it.

Join CoinDCX and help us make crypto accessible to every Indian, together.

Tagged as: bangalore/mumbai, senior analyst - market risk and control