Risk Analyst

Location: Amsterdam, NL

One Trading is a leading trading venue, authorised under both MiFID II and MiCAR, providing institutional and eligible retail clients with a regulated platform to trade crypto spot, crypto derivatives, and US equity derivatives, 24/7.

Having launched the EU’s first regulated crypto futures in 2025, we have continued expanding our product offering into traditional financial markets, with an ambitious roadmap spanning additional asset classes, products, and strategic partnerships.

We are seeking a Risk Analyst to join our growing Risk team. You will play a key role in protecting the integrity of a regulated exchange, providing quantitative analysis, market intelligence, and independent oversight across the trading platform.

This is a second line of defence role, working closely with Trading Operations, Tech, Compliance, and Senior Management while maintaining independent second-line oversight.

Responsibilities

• Monitor market, credit, counterparty, and liquidity risk across One Trading’s spot and derivatives markets;
• Analyse volatility, funding rates, mark prices, liquidity, and basis movements to identify emerging risks;
• Develop and maintain stress testing and scenario analysis, including crypto-specific tail events;
• Monitor client and market maker exposures, concentration risk, insurance fund adequacy, and liquidation performance;
• Produce quantitative risk reporting, dashboards, and market intelligence to support senior management decision making;
• Support reviews of margin models, risk parameters, and trading controls;
• Contribute to regulatory reporting, capital assessments, and internal risk documentation;
• Assess the risks associated with new products and strategic initiatives prior to launch;
• Work closely with Technology & Trading Operations to strengthen the risk management framework;
• Identify opportunities to improve risk analytics, automation, and monitoring capabilities.

Requirements

• Degree in Maths, Physics, Statistics, Finance, Economics, or other quantitative discipline;
• 3+ years of experience in risk management obtained at a trading venue, exchange, broker, market maker or financial institution;
• Strong analytical and problem-solving skills with the ability to interpret complex market data;
• Solid grounding in derivatives mechanics;
• Proficiency in Python and SQL for quantitative analysis and experience building reporting/dashboards from trade, position, and market data;
• Ability to communicate complex quantitative concepts clearly to both technical and non-technical stakeholders;
• Comfortable working in a fast-paced, high-growth environment where priorities evolve quickly.

Desirable

• Knowledge of futures, margin methodologies, and liquidation models;
• Experience with prudential capital frameworks;
• Working knowledge of MiFID II and MiCAR;
• Hands-on experience using AI tools to accelerate quantitative analysis, build risk tooling, and automate reporting workflows;
• Practical experience with crypto-asset markets.

What we offer

• Competitive salary and equity options in a fast-growing company operating at the forefront of regulated digital markets;
• Flexible working arrangements;
• The opportunity to help shape Europe’s next-generation regulated exchange;
• A collaborative, entrepreneurial environment with significant autonomy;
• Exposure to cutting-edge products spanning crypto and traditional financial markets.