Risk Management Specialist Job Description
We are seeking a seasoned Risk Management Specialist to join our team. The successful candidate will be responsible for developing, implementing, and maintaining an effective risk management framework that encompasses various types of risks across the organization.
* Develop and maintain a comprehensive risk management framework covering credit, market, liquidity, operational, and technology risks.
* Conduct thorough risk assessments, including stress testing, scenario analysis, capital adequacy evaluations, and other regulatory-mandated reviews.
MARGIN ACCOUNT RISK OVERSIGHT:
* Lead the governance and oversight of margin-account operations, including establishing risk policies for margin lending and virtual asset collateral, defining and periodically reviewing maximum LTV ratios and haircut methodologies, monitoring collateral valuation, capital add-ons, and counterparty exposures.
* Monitor key risk indicators (KRIs) across business functions, escalating breaches or deviations to senior management and the Board with clear remediation plans.
* Operate as an independent second-line function, maintaining objectivity from commercial and trading activities while collaborating closely with Compliance, Finance, Operations, and Technology.
* Engage with internal/external auditors, regulatory bodies, and governance committees on matters related to risk management, capital adequacy, and prudential standards.
Responsibilities:
* Develop and implement risk management strategies and procedures.
* Conduct regular risk assessments and provide recommendations for improvement.
* Collaborate with cross-functional teams to ensure effective risk management practices.
* Stay up-to-date with changing regulations and industry developments.