EU remote
Director of Risk Management
About this role
ABOUT THE ROLE Rootstock Capital is building a BTC capital markets business, and we're hiring a small, senior team of two to three people to shape, grow and deliver it. Its first product is an institutional-grade, BTC-denominated investment fund that lets institutional and private Bitcoin holders earn yield and manage credit risk through a mixed portfolio of strategies, bridging traditional institutional demand and Bitcoin-native yield.
As Director of Risk Management , you'll build and lead Rootstock Capital's risk function. You'll own the risk framework across market, credit, counterparty, liquidity, operational and protocol risk, spanning BTC, digital assets and traditional finance, and covering OTC, bilateral and exchange-traded activity. You'll be a founding member of the team, working alongside the VP Fund Management. KEY RESPONSIBILITIES Risk framework and governance Design and own Rootstock Capital's risk framework: risk appetite; exposure, concentration and leverage limits; liquidity buckets; collateral haircuts; margin and drawdown triggers; and escalation procedures.
Take risk policies and limits through board approval, and report regularly to the board and investment committee. Give independent risk sign-off on new strategies, products, venues and counterparties before launch. Risk modelling and analysis Build the models and analytics that measure market, credit, counterparty, liquidity and protocol risk across traditional and digital positions, including VaR, scenario analysis and stress testing.
Stress-test the portfolio against BTC price shocks, liquidity crises, venue or counterparty failure, depeg events, protocol exploits and liquidation cascades. Model and evaluate complex transactions (secured lending, repo, basis and derivatives, structured products) and assess how risks interact and compound across on-chain and off-chain components. Monitor positions and exposures daily, and flag early when outcomes drift from limits or assumptions.
Counterparty and credit risk Lead counterparty, venue and protocol due diligence: creditworthiness, custody arrangements, and smart-contract, bridge, oracle and governance risk. Set and monitor counterparty limits, collateral eligibility and margin terms. Legal and transaction documentation Review and negotiate the risk terms in fund, OTC and bilateral documents (ISDA/CSA, lending and repo agreements, collateral and margin terms, termination events and close-out provisions) with the Fund Asset Manager and legal counsel.