Who We Are:
Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, growing the economy that runs on code. Galaxy delivers the onchain infrastructure that connects institutions to digital assets, including trading, advisory, asset management, staking, self-custody, and tokenization. Galaxy also develops and operates data center infrastructure to power AI and HPC workloads. Anchored by its Helios campus in Texas, Galaxy is building a multi-gigawatt pipeline of more than 5.7 GW of potential capacity, positioning it among the largest and fastest-growing data center developers in North America.
The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia.
Additional information about Galaxy's businesses and products is available on www.galaxy.com.
What We Value:
We are a diverse team of free thinkers, and fast movers united to help investors and creators energize the global economy. We are looking for individuals who thrive in a culture of builders and overachievers and embrace high performance, transparent feedback, and a mission-first approach. Our culture shapes our way of working and gets us where we want to be.
- Seek Excellence.
- Be Selective To Be Effective.
- Be Highly Aligned, Loosely Coupled.
- Disagree Transparently.
- Encourage Independent Decision-Making.
- Build Dream Teams.
Who You Are
Galaxy seeks a seasoned Product Manager with 7+ years of experience across derivatives, portfolio risk, and margin infrastructure. This high-impact role sits at the nexus of trading, risk, quantitative modeling, and technology, leading the design and evolution of the portfolio margin and risk framework.
This role demands a rare blend of quantitative fluency, systems architecture understanding, and trading intuition. You should deeply understand how proper portfolio margin constructs work, how risk-based margin is calculated on a portfolio basis, and how linear and derivative instruments interact to drive capital requirements.
The organization operates as an AI-first product team. You will leverage AI tools to prototype solutions, research design approaches, generate comparative analyses, produce stakeholder-ready documentation, and accelerate iteration cycles between trading, risk, and engineering.
You should have experience building or enhancing margin systems at a bank, exchange, clearinghouse, or fintech trading platform. Ideally, you've worked in a smaller fintech or greenfield environment where you've seen the full lifecycle end-to-end.
Strong preference for experience at client-facing, risk-taking trading firms such as options market makers, prime brokers, exchanges, or investment banking sales and trading desks—especially where you've built or enhanced automated risk and margin systems.
What You'll Do
Portfolio Margin & Risk Framework
- Design and evolve a portfolio-based margin system spanning spot, futures, options, swaps, and structured derivatives.
- Translate scenario-based, shock-based, and correlation-based margin methodologies into scalable product requirements and operationalize VaR and Expected Shortfall.
- Implement portfolio-level offsets, concentration add-ons, liquidity haircuts, and regulatory overlays where applicable.
Pre-Trade Buying Power & Margin Impact
- Architect systems that estimate incremental margin impact before a trade is executed.
- Design APIs and internal tools that allow traders and clients to understand margin utilization in real time.
- Define logic for cross-margin eligibility and portfolio-level capital efficiency checks.
Instrument & Risk Data Architecture
- Define canonical instrument representations and ensure correct modeling of multipliers, expiries, funding mechanics, settlement types, and lifecycle events.
- Design position netting logic across accounts and sub-accounts.
- Partner with engineering to build real-time risk factor ingestion and portfolio aggregation engines while optimizing data source and normalization to support real-time recalculation.
Real-Time Risk & Margin Systems
- Architect real-time portfolio risk views for traders and risk managers and event-driven recalculation frameworks.
- Design margin call logic, risk thresholds, and liquidation workflows.
- Ensure the system behaves predictably and safely under stress scenarios and market dislocations.
Centralized Risk & Cross-Product Integration
- Drive the integration of margin engines with pricing, P&L, booking, and treasury systems.
- Partner with funding and treasury teams to align margin methodology with balance sheet and capital considerations.
- Align high-touch OTC and low-touch trading channels under a unified risk framework.
End-To-End Workflow Management
- Architect workflows spanning pre-trade margin estimation, trade execution, booking, portfolio aggregation, margin calculation, and reporting.
- Integrate across asset classes and trading styles (spot, perps, options, structured products).
- Ensure a consistent user experience across internal trading desks and institutional clients and across risk systems.
Cross-Functional Leadership
- Own roadmap development and margin methodology evolution.
- Lead tradeoff discussions across performance, capital efficiency, regulatory constraints, and usability closely with engineering, quant, trading, risk, treasury, compliance, and design teams.
- Drive delivery timelines and maintain strong feedback loops with front-office users.
AI Implementation
- Embrace and champion the thoughtful adoption of AI to improve team performance and business outcomes.
- Leverage AI tools (e.g., generative AI, automation platforms, data copilots) to improve productivity, decision-making, and output quality in your day-to-day work.
What We're Looking For
- Experienced: 7+ years in trading product, margin, derivatives, or risk systems across TradFi and crypto/fintech.
- Quantitative: Fluent in portfolio margin, VaR/ES, scenarios, correlations, stress tests, and Greeks.
- Systems-oriented: Understand instrument modeling, position aggregation, and real-time margin/risk engines.
- Margin-native: Know Reg-T vs portfolio margin, overlays, cross-margining, and capital efficiency.
- AI-native: Use AI daily for research, prototyping, docs, and solution design.
- Ambiguity-capable: Comfortable building in fintech or unclear bank environments.
- Trading-aligned: Partnered with traders; value latency, determinism, and simple workflows.
- Analytical & user-centric: Use data to prioritize for commercial impact and turn complex ideas into actionable requirements and successful products.
Bonus Points
- Experience building or enhancing portfolio margin systems at a clearinghouse, exchange, or prime broker.
- Direct exposure to SPAN, TIMS, VaR, or Expected Shortfall implementations.
- Experience with cross-margin frameworks across asset classes.
- Experience with crypto-native derivatives or multi-asset margin platforms.
- Familiarity with treasury funding costs and balance sheet optimization.
- Knowledge of FIX, WebSocket, REST APIs, and market data normalization.
- ISDA / CSA familiarity and understanding of collateral mechanics.
- Experience in crypto and understanding real-time liquidation.
Compensation
Base Salary Range: $250,000–$270,000 USD
What We Offer:
- Competitive base salary and discretionary bonus
- Flexible Time Off (i.e. unlimited paid vacation days)
- Company paid sick leave
- Company-paid health and protective benefits for employees, partners, and other dependents
- Generous paid Parental Leave
- Free virtual coaching and counseling sessions through Headspace
- Opportunities to learn about the Crypto industry
- Free daily snacks in-office
- Smart, entrepreneurial, and fun colleagues
- Employee Resource Groups
