Senior Derivatives Risk Control Specialist

Responsibilities

• Design perpetual contract funding rate mechanisms and billing frequency
• Develop futures contract settlement price methodology and anti-manipulation mechanisms
• Design options product pricing models and assess systemic risk
• Develop maximum leverage and position limit strategies based on market depth
• Design Auto-Deleveraging (ADL) trigger mechanisms and ranking rules
• Design insurance fund utilization and replenishment mechanisms
• Develop circuit breaker contingency plans for extreme market events
• Monitor Mark Price deviations to prevent unreasonable liquidations
• Collaborate with product teams on risk control admission criteria for new listings
• Investigate market violations including wash trading and pump-and-dump schemes

Requirements

• Bachelor's degree or above in Finance, Mathematics, Statistics, Computer Science, or related fields
• 3+ years of derivatives-related experience in traditional finance or crypto exchanges
• Deep understanding of perpetual contract mechanics, including funding rates and liquidation logic
• Proficient in Python for data analysis, backtesting, and model validation
• Solid foundation in probability theory, statistics, and risk measurement methodologies (VaR, Expected Shortfall)

Preferred Qualifications

• Familiarity with options pricing theory and volatility surface modeling
• Proficiency in SQL or Spark for querying internal and on-chain data

About the Company

Bybit is one of the world's leading cryptocurrency exchanges and digital financial platforms, serving over 80 million users across more than 200 countries and regions.