Quant Risk Analyst - Derivatives & Clearing
About This Role
We're hiring a mid-level quantitative risk analyst to design and implement enterprise-scale risk models at the core of our clearing operation. You'll own models for market risk, volatility and correlation of derivatives, stress testing, and automated liquidation — the systems that keep the platform solvent and users protected during fast-moving markets. This is a hands-on role: you'll build models in production code, not just specify them. You're expected to work fluently with AI tools for development and research, while acting as the skeptic who pressure-tests AI-generated models and code against established risk frameworks before anything ships.
What You'll Be Doing
Design, implement, and maintain enterprise-scale risk models covering market risk, margin, and counterparty exposure for a clearing organization.
Build volatility and correlation models for derivatives, including calibration, backtesting, and ongoing model validation.
Develop and run stress-testing frameworks: historical scenarios, hypothetical shocks, and reverse stress tests.
Design and tune auto-liquidation logic — trigger thresholds, liquidation waterfalls, and safeguards against cascading liquidations.
Use AI tools extensively to accelerate model development, coding, and research, while rigorously validating AI outputs against established risk models (VaR/ES, SPAN-style margining, GARCH-family volatility models, standard correlation frameworks) before deployment.
Monitor model performance in production, investigate breaks, and iterate quickly.
Partner with engineering, trading, and product teams to embed risk controls into platform architecture.
Document model assumptions, limitations, and validation results to an audit-ready standard.
What We're Looking For
5–7 years of quantitative risk experience at a clearinghouse, exchange, prime broker, trading firm, or similar.
Proven expertise designing and implementing risk models at enterprise scale — production systems, not just research prototypes.
Deep experience modeling volatility, correlation, option skews, and option pricing, implemented at scale for trad-fi derivatives, perpetuals, and fully collateralized event contracts.
Hands-on experience with market risk modeling, stress testing, and auto-liquidation mechanics in a clearing context.
Strong fluency with AI-assisted development and coding, paired with the judgment to pressure-test AI outputs against established risk models and catch what looks plausible but is wrong.
Expert-level Python (NumPy, pandas, SciPy, and solid software engineering practices).
Advanced degree in a quantitative field (math, statistics, physics, financial engineering, CS) or equivalent experience.
Strong mathematical foundation in stochastic calculus and linear algebra.
Bonus Points
C# and/or C++ for performance-critical or production systems.
Familiarity with crypto market structure, perpetuals, or prediction markets.
Experience with CCP risk frameworks (CPMI-IOSCO PFMI, default management, margin methodology).
Experience building real-time risk systems.
Salary Range
USD 400,000 - 450,000 per year
About Polymarket
Polymarket is at the forefront of the decentralized information and prediction market revolution, leveraging cutting-edge blockchain technology to create a more transparent and efficient way to bet on real-world events. We're building a platform where users can trade on their beliefs about everything from politics to pop culture, fostering a global community driven by data and conviction. Our mission is to democratize access to information and enable price discovery in a trustless environment, fundamentally reshaping how people engage with and understand the world. Our team thrives on innovation, intellectual curiosity, and a deep-seated belief in the power of Web3 principles. We champion a culture of open collaboration, radical transparency, and continuous learning, encouraging every team member to contribute their unique perspective to solve complex challenges. We are a group of passionate builders, designers, and strategists united by a vision for a decentralized future, where markets are fair, accessible, and censorship-resistant. At Polymarket, your work directly impacts the evolution of decentralized finance and information. If you're eager to make a significant impact in the nascent but rapidly expanding blockchain space, Polymarket offers an unparalleled opportunity. Join us to contribute to a platform that empowers users, challenges traditional financial systems, and puts the power of prediction back into the hands of the people. We're looking for individuals who are not just skilled but are also true believers in the potential of crypto to create a more informed and equitable world. Come build the future with Polymarket.
Ready to Apply?
To submit your application for this position, please visit Polymarket's official website and follow their application process.