Quantitative Risk Analyst — Derivatives & Clearing

Polymarket · Exchange

Pay: $210K – $240K • Offers Equity
Where: New York
Posted: Aug 26

Polymarket is the world's largest prediction market platform. We enable individuals to express views on real-world events by trading on outcomes across politics, economics, sports, culture, and current affairs. Built as a peer-to-peer marketplace with no centralized "house," Polymarket aggregates diverse opinions into transparent, market-based probabilities that reflect collective expectations about the future.

We're growing fast — both in terms of volume ($21B traded in 2025) and adoption as an alternative news source. Our ambition is to become a ubiquitous beacon of truth in global media and we need your help adding fuel to the fire.

Polymarket is hiring a Quantitative Risk Analyst to design and implement enterprise-scale risk models at the heart of our clearing operation.

What you'd do

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 — and rigorously validate AI outputs against established risk models 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 they want

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 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 well-established risk models and catch what looks plausible but is wrong
Expert-level Python (NumPy, pandas, SciPy; 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
(Plus) C# and/or C++ for performance-critical or production systems
(Plus) Familiarity with crypto market structure, perpetuals, or prediction markets

What you get

Competitive salary & equity
Unlimited PTO
Full Health, Vision, & Dental coverage
401k match
Hardware setup: new MacBook Pro, big display, & accessories