Market Risk Manager, Market Manipulation & Fraud Risk
Okx
Estimated Salary: $105K-$175K
Location: Hong Kong, Hong Kong SAR
Who We Are
At OKX, we believe that the future will be reshaped by crypto, and ultimately contribute to every individual's freedom.
OKX is a leading crypto exchange, and the developer of OKX Wallet, giving millions access to crypto trading and decentralized crypto applications (dApps). OKX is also a trusted brand by hundreds of large institutions seeking access to crypto markets. We are safe and reliable, backed by our Proof of Reserves.
Across our multiple offices globally, we are united by our core principles:
We Before Me
,
Do the Right Thing
, and
Get Things Done
. These shared values drive our culture, shape our processes, and foster a friendly, rewarding, and diverse environment for every OK-er.
OKX is part of OKG, a group that brings the value of Blockchain to users around the world, through our leading products OKX, OKX Wallet, OKLink and more.
About the Team
We are seeking a highly analytical and experienced
Market Risk Manager
to join our Risk Management team. This is a critical mid-level role focused specifically on identifying, measuring, and mitigating
market manipulation
and fraud-related risks
within our exchange and product ecosystem. The ideal candidate will have a strong background in market surveillance, quantitative risk, and a deep understanding of crypto market mechanics and manipulation techniques.
You will work closely with our other market risk team members, product risk management, legal and compliance teams to maintain market integrity and team members to monitor alerts, rule development and adjustment, and specific event triggers to drive sophisitcated cusotmer transction prfilling and review.
At your core, you’ll thrive in a fast-paced, collaborative, process-driven environment and be able to adapt and adjust plans on-the-fly. You must also have strong prioritization skills and willingness to roll up your sleeves to get the job done. Most importantly, you’ll drive results and significantly grow and improve on our market surveillance capabilities.
What You’ll Be Doing
Market Surveillance and Monitoring
Design and Implement Controls:
Develop, implement, and maintain real-time and historical monitoring systems, models, and analytical tools to detect patterns indicative of market manipulation (e.g., wash trading, spoofing, layering, pump-and-dump schemes) and internal/external fraud (e.g., account takeover, arbitrage exploitation).
Incident Investigation:
Lead investigations into suspicious trading activity identified by surveillance tools or internal stakeholders, providing detailed reports and working closely with Compliance, Legal, and Product teams to determine appropriate action.
Proactive Analysis:
Conduct deep-dive analysis on new products or complex trading strategies to anticipate and model potential vectors for manipulation or exploitation before they manifest as risk events.
Risk Assessment and Mitigation
Quantitative Modeling:
Build and refine quantitative models to estimate the potential loss impact ($) and probability of market manipulation and fraud-related events.
Vulnerability Assessment:
Conduct regular risk assessments across OKX's platform (including spot markets, derivatives, lending, and new product launches) to identify systemic vulnerabilities related to pricing, liquidity, margin systems, and order handling that could be exploited.
Recommendations:
Develop clear, actionable recommendations for product, engineering, and operations teams to enhance risk controls, refine trading parameters (e.g., circuit breakers, margin requirements), and improve anti-fraud systems.
Stakeholder Collaboration & Reporting
Regulatory Alignment:
Stay current with global regulatory trends and requirements regarding market integrity and fraud prevention, ensuring OKX’s surveillance and control framework meets or exceeds industry best practices.
Reporting:
Prepare and present regular reports on key risk indicators (KRIs), suspicious activity trends, and risk exposure to senior management and the executive team.
Training:
Act as a subject matter expert, providing guidance and training to internal teams on emerging market manipulation and fraud techniques in the crypto space.
What We Look For In You
Experience
5 - 9 years
of progressive experience in market risk, market surveillance, quantitative analysis, or a similar role at a major cryptocurrency exchange, investment bank, financial regulator (e.g., FINRA, CFTC), or a high-frequency trading firm.
Proven experience specifically focused on
market manipulation
detection and fraud prevention
is highly desirable.
Direct experience with
crypto/digital asset markets
is a significant advantage; a fundamental understanding of blockchain technology and decentralized finance (DeFi) is essential.
Skills & Qualifications
Technical Proficiency:
Advanced expertise in
SQL
is mandatory. Strong proficiency in
Python
or
R
for statistical analysis, data mining, and model development is required.
Analytical Acumen:
Exceptional quantitative and analytical skills with the ability to translate complex data analysis into clear risk assessments and strategic recommendations.
Product Knowledge:
Deep understanding of trading products, including
perpetual swaps, futures, options, and spot trading
, and the mechanics of large-scale order book operations.
Communication:
Excellent written and verbal communication skills; ability to articulate complex technical issues to both technical and non-technical audiences.
Education:
Bachelor’s or Master’s degree in a quantitative field such as Finance, Economics, Computer Science, Mathematics, or a related discipline. Professional certifications (e.g., FRM, CFA) are a plus.
Language
: Proficient in English language, Chinese Language is an added bonus but not a requirement (to work cross functionally with the tech team).
Perks & Benefits
Competitive total compensation package
L&D programs and Education subsidy for employees' growth and development
Various team building programs and company events
Wellness and meal allowances
Comprehensive healthcare schemes for employees and dependants
More that we love to tell you along the process!
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OKX
's
Candidate Privacy Notice
.