Anyone here working as a Crypto Risk Analyst? Need some guidance

I’m curious about careers in crypto risk analysis, especially on the protocol and market side. I’ve done some work in traditional finance risk but DeFi feels like something complete different. I am curious to understand how do people actually build risk models when the data is so volatile and unpredictable?

I keep reading about LP risk and impermanent loss but I’m not sure how professionals really measure it in practice. Same with lending protocols like how do you figure out if a liquidation engine is reliable enough during stress events? And do audits overlap with a risk analyst’s role or is that more of a security thing?

I’m trying to figure out whether I should go deeper into quant skills or spend more time understanding smart contracts, audits and liquidation systems.

I would really appreciate insights from anyone who’s working in this role or hiring for it.