Senior Manager, Financial Risk (Crypto & Treasury)

Building the Future of Crypto

Our Krakenites are a world-class team with crypto conviction, united by our desire to discover and unlock the potential of crypto and blockchain technology.

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The team

Our Krakenites are a world-class team with crypto conviction, united by our desire to discover and unlock the potential of crypto and blockchain technology.

Kraken’s mission is to accelerate the global adoption of crypto so that everyone can achieve financial freedom and financial inclusion. For more than a decade, Kraken has built one of the most trusted and secure platforms in the industry.

Crypto markets introduce entirely new categories of financial risk — stablecoin depegs, exchange failures, liquidity fragmentation, on-chain protocol risk, and 24/7 settlement cycles. Managing these risks requires rethinking traditional financial risk frameworks.

We’re looking for a Senior Manager, Financial Risk to help design and build the systems that protect Kraken’s balance sheet and ecosystem as the industry evolves.

This role is ideal for someone who enjoys building risk frameworks from first principles, shaping how new crypto products launch safely, and working closely with product, treasury, and engineering teams.

Become a Krakenite and help build the financial infrastructure of the future.

The opportunity

As Senior Manager, Financial Risk, you will help design the financial risk architecture that underpins Kraken’s products, treasury, and platform infrastructure.

Rather than simply monitoring risk, this role focuses on building scalable frameworks that allow Kraken to innovate safely — whether launching new products, expanding into new markets, or integrating with on-chain ecosystems.

You will partner with teams across the company to ensure risk considerations are embedded early in product design, rather than applied after the fact.

Design Financial Risk Frameworks

• Build and evolve Kraken’s financial risk frameworks covering counterparty risk, treasury risk, payment rails, and crypto market structure

• Define exposure methodologies and risk limits for exchanges, custodians, banks, liquidity providers, and DeFi protocols

• Design governance processes that enable safe scaling of Kraken’s financial ecosystem
  

Shape Product & Platform Risk

• Partner with product and engineering teams to evaluate and shape new products before launch

• Identify financial risks across margin, derivatives, staking, DeFi integrations, lending, and payments

• Help design risk controls, collateral frameworks, and guardrails that enable safe product innovation
  

Stress Testing & Scenario Design

• Build scenario frameworks to model extreme crypto market conditions such as:

  • stablecoin depegs

  • exchange failures

  • liquidity crises

  • large market drawdowns

• Quantify firmwide impacts on liquidity, collateral, and counterparty exposures
  

Counterparty & Ecosystem Risk

• Evaluate financial risks across Kraken’s external ecosystem including liquidity providers, market makers, banks, custodians, and DeFi protocols

• Develop exposure limits and monitoring frameworks to prevent concentration risks

• Design onboarding frameworks for new counterparties and venues
  

Treasury & Liquidity Risk

• Partner with Treasury to assess risks related to firm investments, liquidity management, and balance sheet exposures

• Design frameworks for managing crypto and fiat liquidity across jurisdictions and market conditions
  

Risk Systems & Analytics

• Help design tools and data systems used to measure and visualize financial risk across Kraken

• Collaborate with data and engineering teams to build scalable risk analytics infrastructure

• Additional duties and responsibilities as assigned

Skills you should HODL

• 7+ years of experience in financial risk, treasury risk, credit risk, or product risk

• Experience at a major bank, trading firm, asset manager, fintech, or crypto company

• Strong understanding of financial markets, liquidity risk, and counterparty risk

• Interest in crypto market structure, stablecoins, and DeFi ecosystems

• Ability to build risk frameworks in fast-moving environments

• Strong analytical and quantitative problem-solving skills

Nice to haves

• Familiarity with on-chain analytics or blockchain data

• Python or data analysis experience

Unless a specific application deadline is stated in the job posting, applications are accepted on an ongoing basis.

Please note, applicants are permitted to redact or remove information on their resume that identifies age, date of birth, or dates of attendance at or graduation from an educational institution.

We consider qualified applicants with criminal histories for employment on our team, assessing candidates in a manner consistent with the requirements of the San Francisco Fair Chance Ordinance.