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Chief Risk Officer

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Chief Risk Officer

  • Location:

    Singapore

  • Sector:

    LMA Asia Risk & Audit

  • Job type:

    Permanent

  • Salary:

    Negotiable

  • Contact:

    Bryant Tan

  • Job ref:

    BBBH409437_1674206539

  • Published:

    8 days ago

  • Expiry date:

    2023-04-20

  • Client:

    LMA

The CRO will:

  • Provide the overall leadership, vision, and direction for risk management
  • Establish an integrated risk management framework for all aspects of risks across the Exchange
  • Develop risk management policies, including the quantification of the Exchange's risk appetite through specific risk limits
  • Implement a set of risk metrics and reports, including losses and incidents, key risk exposures, and early warning indicators
  • As Head of risk management, you will be responsible for the overall risk management framework and practices at the Exchange. This includes assessing the creditworthiness of participants at the Exchange and setting appropriate trading and credit limits for their transactions, as well as any settlement risk arising from the Exchange acting as a central counterparty on a post trade basis, and how this risk can be mitigated such that the residual risk is within the risk appetite and capacity of the firm.
  • The CRO shall also have a direct reporting responsibility to the Board in reporting the risk agenda and advising and responding to the Board on all risk matters.
  • The CRO shall be a member of all important senior management committees including the Executive Committee (EXCO), Risk Committee (which he chairs).
  • The CRO will develop the overall risk framework and policy, and ensure a holistic and integrated risk management between the various functions to monitor and ensure proper deployment of risk controls within the functions to address the various risks (market, credit, operational, legal and compliance, reputational)
  • Implement proper working of operational risk controls including risk review and upgrade, risk identification, loss event management, risk library development, product line mapping, Control Risk Self-Assessment (CRSA), the development and monitoring of KRIs (Key Risk Indicators), regulatory and economic risk capital computation, and mitigation strategies.
  • Monitor and ensure proper oversight of market risk including market risk assessment and measurement tools and models for market and liquidity risks, risk monitoring and reporting dashboards, systems, capital computation and mitigation strategies.
  • Monitor and ensure proper development, execution and monitoring of the Internal Capital Adequacy Assessment Process (ICAAP), and its deliberation in the Risk Management Committee and BoD.


Key Competencies: Skills, Knowledge and Ability

  • Risk Control mindset: Should show mastery of risk disciplines at a exchange-wide and integrated level, risk processes, tools and techniques, capital management, risk-related regulations and compliance.
  • Technical Knowledge: Should have a strong understanding of statistics and quantitative data analysis methods. Should have an understanding of different risk management related IT/software applications.
  • Keen business acumen - Business and financial judgment, and problem-solving skills are crucial requirements.
  • Strong understanding of MAS (or G7 countries) regulatory compliance requirements. Knowledge in global regulatory environment/practices is preferred.
  • Good understanding of traditional financial products (FX, Equities, Bonds, Derivatives, Commodities) and Digital Assets (Cryptos, Stablecoins, Loans, NFTs)

Interested Applicants please send your CVs in Microsoft Word Format to Bryant Tan.

Email: Bryant.tan@lmarecruitment.asia

Company Reg No.: 201131609D, Licence No.: 11C4684, Reg No: R1660533