Core Trading Product Risk Expert

Job Description

About the Role As a Core Trading Product Risk Expert (Derivatives), you will lead risk management and control improvement across KuCoin’s derivatives trading products, including perpetual futures, futures, margin/leverage, liquidation, and settlement. You will ensure trading risks are proactively identified, effectively controlled, and robustly handled in production under volatile and high-throughput market conditions. Key Responsibilities • Derivatives Risk Framework & Control Design • Design and improve risk control policies for derivatives trading flows: margin management, leverage limits, risk limits, position limits, liquidation triggers, insurance fund behavior, funding/settlement rules, and order/matching safeguards. • Translate product and risk requirements into system specifications and measurable success/verification criteria. • Liquidation & Settlement Risk Governance • Own or co-own end-to-end risk considerations for liquidation process, bankruptcy handling, mark price/settlement mechanisms, and settlement consistency. • Drive tuning and validation of liquidation-related parameters and logic under edge cases (network delays, partial failures, extreme volatility). • Real-time Risk Monitoring & Alerting • Build/upgrade monitoring and alerting for derivatives risk events, including: • margin insufficiency / liquidation cascades • abnormal price/mark price gaps • abnormal order/fill behavior that may indicate manipulation or system exploitation • risk limit breaches and control bypass attempts • Define alert thresholds, escalation procedures, and post-incident preventive action plans. • System Risk Assessment for Core Trading Changes • Perform risk reviews for derivatives product changes (new instruments, new risk parameters, matching/engine updates, new order types, routing changes, performance optimizations). • Ensure safety mechanisms such as circuit breakers, rate limits, kill-switches, idempotency, replay protection, and consistency checks are correctly implemented and tested. • Cross-functional Incident Response & Root Cause Analysis • Lead structured incident/root-cause analysis for derivatives risk-related incidents and near-misses. • Partner with Engineering/Quant/Product to implement remediation and prevent recurrence. • Collaboration with Quant / Rule / Model Teams • Collaborate with quant/model teams to evaluate risk models or rule engines used in derivatives risk controls. • Ensure models/rules are stable, robust, and operationally explainable (as required), with appropriate monitoring and rollback plans. • Operational Readiness & Documentation • Prepare risk documentation, control descriptions, runbooks, and audit-ready materials. • Support release readiness processes and ensure risk validation before go-live. Show More