The board
Polymarket · Exchange- Pay
- $210K – $240K • Offers Equity
- Where
- New York
- Posted
- Aug 13
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 building a regulated US exchange, and we're hiring a Quant Risk Manager to anchor the risk function from the ground up. This is not a maintenance role.
What you'd do
- Build quantitative risk models for perpetuals and commodity derivatives, covering margin requirements, position limits, and tail risk across normal and stressed market conditions.
- Design and maintain the exchange's stress testing framework, including scenario construction, loss estimation, and regular calibration as market conditions evolve.
- Develop default risk models that determine how the guarantee fund is sized, structured, and triggered in a default event.
- Partner with engineers to build a real-time risk monitoring platform that surfaces exposure, breaches, and anomalies as they happen during live trading.
- Translate risk model outputs into actionable exchange policy, including margin schedules, liquidation logic, and market maker requirements.
- Own CFTC-related risk reporting and capital obligations, working with legal and compliance to ensure the exchange meets its regulatory requirements without flying blind.
- Identify gaps in the current risk architecture and prioritize what gets built next, based on where actual exposure is growing fastest.
What they want
- Hands-on experience managing derivatives or futures risk, either at an exchange, clearinghouse, or trading firm where real money was on the line.
- Quantitative risk management background with direct ownership of model development, not just consumption of outputs from a research team.
- Strong financial modeling skills in Python. You write clean, production-quality code and move fast.
- Comfort working with AI tools across the full development cycle. You use them to ship better work faster, not as a shortcut around understanding.
- Deep familiarity with exchange mechanics: order books, market making dynamics, margin and collateral management, position limits, and liquidation.
- Working knowledge of CFTC regulations for designated contract markets, including reporting requirements, capital rules, and conduct standards.
- Ability to operate without a large team behind you. You can scope a problem, build a solution, and defend your assumptions to stakeholders who will push back.
- (Plus) Experience with guarantee fund design or default waterfall mechanics at a clearing organization.
- (Plus) Background in prediction markets, crypto derivatives, or other non-traditional asset classes where standard risk frameworks needed to be adapted.
- (Plus) Prior experience standing up a risk function or platform from scratch, not just inheriting one.
What you get
- Competitive salary & equity
- Unlimited PTO
- Full Health, Vision, & Dental coverage
- 401k match
- Hardware setup: new MacBook Pro, big display, & accessories