Bybit - Senior Derivatives Risk Control Specialist
Requirements
• Bachelor's degree or above in Finance, Mathematics, Statistics, Computer Science, or related fields • 3+ years of derivatives-related experience, including traditional finance (futures/options market making, risk management) or crypto exchange risk management • Deep understanding of perpetual contract mechanics (funding rate, Mark Price, liquidation logic) and differences from traditional futures • Proficient in Python, capable of independently conducting data analysis, parameter backtesting, and model validation • Solid foundation in probability theory and statistics, understanding of VaR, Expected Shortfall, and other risk measurement methodologies • Familiarity with options pricing theory, with experience in volatility smile/surface modeling • Proficiency in SQL / Spark, able to independently query on-chain or exchange internal data
Responsibilities
• Derivatives Underlying Financial Logic Design • Design perpetual contract funding rate mechanisms, including billing frequency, upper/lower bounds, and premium index calculation logic • Participate in futures contract settlement price methodology design, including TWAP/index source weighting and anti-manipulation mechanisms • Design options product pricing models (Black-Scholes, volatility surface fitting) and assess systemic risk upon introduction • Risk Parameter Design & Iteration • Develop maximum leverage, position limit strategies per instrument, dynamically adjusted based on market depth • Design ADL (Auto-Deleveraging) trigger mechanisms and ranking rules, optimizing user experience and risk isolation effectiveness • Risk Monitoring & Alerts • Design insurance fund utilization rules and replenishment mechanisms • Develop circuit breaker contingency plans and emergency response procedures for extreme market events (flash crashes, liquidity crises) • Monitor abnormal Mark Price deviations from spot index to prevent unreasonable liquidations • Cross-Department Collaboration • Collaborate with product teams to define risk control admission criteria for new derivative listings (token liquidity, market cap, volatility thresholds) • Participate in Market Surveillance to investigate suspected manipulation of liquidations, wash trading, pump-and-dump, and other market violations
Benefits
• At Bybit, we are committed to fostering a supportive and enriching work environment. • Study Growth Fund: We support your professional development and continuous learning. • Internal Events: Participate in regular team-building activities, workshops, and events designed to promote collaboration and innovation. • Global Collaboration: Be part of a diverse, international team, working alongside colleagues from around the world. • Career Advancement: Access opportunities for growth and advancement within a rapidly expanding global company. • Internal Mobility: Grow with us- Your long-term development is important to us. We offer internal job opportunities to help build your career path.
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