Head of Risk

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Ondo Finance

WebsiteLinkedInAll Job Openings

51 - 200 employees

₿ Crypto

💳 Fintech

💸 Finance

💰 Initial Coin Offering - Ondo Finance on 2024-01

Crypto • Fintech • Finance

Ondo is a company building institutional-grade onchain financial infrastructure and products that bridge traditional finance (TradFi) and decentralized finance (DeFi). Its offerings include tokenized public securities (Ondo Stocks) that make public securities freely transferable and usable in DeFi, USDY (a permissionless yield-bearing stablecoin), and OUSG (an institutional product offering exposure to short-term US Treasuries with 24/7 instant minting and redemptions). Ondo emphasizes compliance, institutional-grade security, third-party audits, and partnerships with asset managers and regulated service providers. The company’s Nexus technology enables instant minting and redemption for tokenized US Treasuries and stablecoins and supports omnichain issuance and distribution. Ondo works with partners like Broadridge, J. P. Morgan, Mastercard, Ripple, and asset managers to bring voting and cross-border redemption capabilities to tokenized assets.

📋 Description

• Implement a comprehensive Enterprise Risk Management (ERM) framework and playbook across smart contract, market, liquidity, and counterparty risk, with clear ownership and escalation paths • Oversee and optimize the risk engine to manage margin requirements, liquidation protocols, risk-adjusted limits for collaterals, and liquidity parameters with the goal to balance growth and downside protection • Embed risk-aware product design into all new launches, including perps and other leveraged products covering oracle reliability, tail-risk and exploit vectors • Develop an automated Risk Dashboard with real-time monitoring and implement reporting systems that provide clear visibility into firm-wide risk exposure • Oversee resilient and rigorous risk engine design to ensure system stress tests handling capabilities, scenario analysis (flash-crash, black swan de-pegs, liquidity shocks), ensure adequacy of capital buffers to maintain platform stability • Mapping out custody risk: qualified custodians, segregation of assets, insurance if possible, proof-of-reserves, hot wallet exposure, and operational controls around key management / multisig / MPC • Design and calibrate withdrawal, redemption, and liquidity mechanisms to reduce systemic risk while maintaining a strong user experience • Define and implement Ondo’s holistic ERM framework across protocol, financial, and operational domains • Own risk parameterization including collateral requirements, leverage limits, liquidation thresholds, and liquidity buffers • Evaluate smart contract architectures and protocol designs for potential vulnerabilities and systemic risks • Design and enforce risk controls around treasury management, stablecoin exposure, and onchain liquidity • Assess and manage due diligence process for all counterparty risk across exchanges, market makers, custodians, and other partners • Partner with engineering and product teams to embed risk considerations into all stages of the development lifecycle • Architect monitoring systems and dashboards to track real-time exposures and trigger risk alerts • Lead scenario analysis and stress testing across market conditions, liquidity shocks, and protocol failures • Establish governance processes for risk decisions, including escalation frameworks and cross-functional alignment • Advise leadership on tradeoffs between growth, capital efficiency, and risk tolerance

🎯 Requirements

• 8+ years of experience in risk management, trading, or related quantitative roles, spanning both traditional finance and crypto • Deep understanding of equities markets, derivatives (including perpetual futures), crypto markets, collateralized lending, and exchange mechanics across both CeFi and DeFi • Proficiency with quantitative tooling for risk modeling and simulation • Strong familiarity with smart contract systems and common DeFi risk vectors • Experience defining and managing risk parameters such as margining, liquidation engines, auto-deleveraging, and liquidity controls • Demonstrated ability to operate at both strategic and highly technical levels • Strong quantitative intuition with ability to model and evaluate market, liquidity, credit, and counterparty risk • Proven track record of owning risk decisions in high-stakes, fast-moving environments with material capital at risk.

🏖️ Benefits

• Competitive compensation including but not limited to salary, future token rights, and/or equity (according to your preferences) — We are well-funded and believe that great talent deserves great compensation. • Full benefits (medical, vision, and dental) and flexible vacation policy (PTO). • Remote-first team across many countries — You will be an early team member helping shape our vision, culture, and design practices. • A+ colleagues — Our team includes alumni from: Goldman Sachs, Blackrock, Two Sigma, Bridgewater, SpaceX, AWS, Meta, Google, McKinsey, Circle, Uniswap. • Best-in-class investors — We are proud to be backed by leading crypto experts and VCs, including Pantera Capital, Founders Fund and Coinbase Ventures.