Director of Risk Management

Job description

**ABOUT THE ROLE** Rootstock Capital is building a BTC capital markets business, and we're hiring a small, senior team of two to three people to shape, grow and deliver it. Its first product is an institutional-grade, BTC-denominated investment fund that lets institutional and private Bitcoin holders earn yield and manage credit risk through a mixed portfolio of strategies, bridging traditional institutional demand and Bitcoin-native yield. As **Director of Risk Management**, you'll build and lead Rootstock Capital's risk function. You'll own the risk framework across market, credit, counterparty, liquidity, operational and protocol risk, spanning BTC, digital assets and traditional finance, and covering OTC, bilateral and exchange-traded activity. You'll be a founding member of the team, working alongside the **VP Fund Management.** ### **KEY RESPONSIBILITIES** **Risk framework and governance** - Design and own Rootstock Capital's risk framework: risk appetite; exposure, concentration and leverage limits; liquidity buckets; collateral haircuts; margin and drawdown triggers; and escalation procedures. - Take risk policies and limits through board approval, and report regularly to the board and investment committee. - Give independent risk sign-off on new strategies, products, venues and counterparties before launch. **Risk modelling and analysis** - Build the models and analytics that measure market, credit, counterparty, liquidity and protocol risk across traditional and digital positions, including VaR, scenario analysis and stress testing. - Stress-test the portfolio against BTC price shocks, liquidity crises, venue or counterparty failure, depeg events, protocol exploits and liquidation cascades. - Model and evaluate complex transactions (secured lending, repo, basis and derivatives, structured products) and assess how risks interact and compound across on-chain and off-chain components. - Monitor positions and exposures daily, and flag early when outcomes drift from limits or assumptions. **Counterparty and credit risk** - Lead counterparty, venue and protocol due diligence: creditworthiness, custody arrangements, and smart-contract, bridge, oracle and governance risk. - Set and monitor counterparty limits, collateral eligibility and margin terms. **Legal and transaction documentation** - Review and negotiate the risk terms in fund, OTC and bilateral documents (ISDA/CSA, lending and repo agreements, collateral and margin terms, termination events and close-out provisions) with the Fund Asset Manager and legal counsel. **Operational risk, controls and compliance** - Design operational risk controls across the trade lifecycle, settlement, reconciliation, custody and treasury that scale with both traditional and digital asset activity. - Shape the processes that connect risk, execution and finance across digital and traditional OTC, bilateral and exchange-traded transactions. - Work with compliance, legal, the fund administrator and auditors on regulatory obligations, audits and reporting. **Product delivery** - Work with the Fund Asset Manager and commercial, technology, legal and compliance teams to take new products from idea to launch, making sure they are investable and structurally sound. ### **WHAT YOU BRING** - Postgraduate degree in Finance, Computer Science or Mathematical Finance, plus a professional qualification in finance or risk (CFA, FRM, PRM or equivalent). - 10+ years in risk management at asset managers, funds, banks, trading firms or digital asset businesses, including several years leading a risk function. - Deep capital, asset and risk management experience across BTC, digital assets and traditional finance, including DeFi protocol risk. - Strong financial modelling and risk analysis skills (stress testing, scenario analysis, VaR) across traditional and digital instruments, with hands-on Python, R or SQL. - Hands-on experience designing operational risk controls across the trade lifecycle, custody and treasury for OTC, bilateral and exchange-traded activity. - Experience reviewing and negotiating risk terms in fund, OTC and bilateral documents, and working within fund regulatory and compliance requirements. - Proven leadership of high-performing teams, and the ability to explain complex risk clearly to boards, investors and regulators. ### **ROOTIES BENEFITS** At RootstockLabs, we don’t just offer a job, we offer a community. Here’s what you can expect when you join us: - **Competitive compensation package** and **unique benefits** designed to support your growth and well-being. - **100% Remote Work** from Europe & Latin America, with access to global CoWorking spaces. - **Work-Life Balance:** Paid vacation and sick leave days - **Continuous Learning:** Access to training programs, language courses, and learning sponsorship annually. - **Unique Projects:** Work with cutting-edge blockchain technology in a global, diverse team. ### **ABOUT ROOTSTOCKLABS** RootstockLabs is a key contributor to Rootstock, Bitcoin's Financial Infrastructure for lending, yield, and onchain capital markets. We build and commercialize the institutional infrastructure that turns Bitcoin into productive capital. - **What we do:** Develop and commercialize Bitcoin-backed lending, tokenized real-world assets, and onchain financial strategies - **Who we work with:** Leading custodians, asset managers, and financial institutions - **Why it matters:** Rootstock is secured by 80%+ of Bitcoin's hash power and has run with 100% uptime since 2018 (bringing Ethereum-style programmability to the world's hardest money). - **Proof it works:** 200+ dApps live on Rootstock, from BTCFi protocols like Sushiswap and Oku to institutional names like Mercado Bitcoin, Animoca Brands, and Paystand