Risk Management Specialist Job Description:
Key Responsibilities
* Develop, implement, and maintain a comprehensive risk management framework covering credit, market, liquidity, operational, and technology risks across the organization.
* Conduct prudential and capital risk assessments, including stress testing, scenario analysis, capital adequacy evaluations, and other regulatory-mandated reviews.
* Prepare, validate, and support all regulatory disclosures required of financial institutions and virtual asset service providers (VASPs), ensuring accuracy and timely submission.
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;
* Ensuring adherence to client and institutional exposure limits, capital buffers, and net-worth thresholds.
* Continuously 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.
* Promote a strong risk-aware culture by supporting ongoing training, communication, and enhancements to risk methodologies, models, and documentation.