Chief Risk Officer

About Us

AsiaNext is an institution-only, global exchange for digital assets. A first-of-its-kind, combining the innovation of crypto with the robust security of traditional finance, we offer a comprehensive platform for trading and tokenising a diverse range of securities and non-bankable assets. Our services include listing, trading, clearing, settlement, and custody.

A joint venture between SBI Digital Asset Holdings Co., Ltd. (SBI DAH) and SIX Group AG (SIX), AsiaNext is built to meet the growing demand from institutional investors for a safe venue to trade digital assets. Where applicable, our business activities will be subject to the strict regulatory oversight of the Monetary Authority of Singapore, and we adhere to the highest standards of corporate governance and internal controls across all activities.

Leveraging the extensive networks of SBI DAH and SDX between Asia and Europe, as well as their joint expertise, we have built AsiaNext since 2020. Our vision is to become a trusted, market-leading exchange whose members can safely trade a wide variety of digital assets, permitting greater institutional access and driving the new era of digital finance worldwide.

Why Join Us?

With SIX, the Swiss stock exchange, and Japan’s finance conglomerate SBI DAH as joint shareholders, AsiaNext has significant financial backing. The team at AsiaNext are seasoned professionals from the finance industry and are passionate about digital assets, innovation and excellence. We listen to one another; we learn together and we collaborate with a diverse ecosystem.

Join AsiaNext and be part of a dynamic, fast-growing team with opportunities for professional growth and development. You'll have the chance to work on cutting-edge projects that are shaping the future of finance.

POSITION SUMMARY

The Chief Risk Officer (CRO) is a Senior Executive responsible for the effective independent oversight of AsiaNext Exchange’s risks, under the direction of the Board of Directors. The CRO’s primary responsibility is to develop and implement a risk management framework with appropriate tools for the measurement, reporting and control of AsiaNext’s financial and non-financial risks. The CRO, with input from the CEO and Management, will develop a risk appetite framework (as per the Board’s stated risk tolerance) expressed in a limit structure for all Exchange services. The CRO will also monitor risk-taking activities on the Exchange platform by its participants and report adherence to limits to the Risk Management Committee.

The CRO will report to the CEO while having access to the Board directly, is also a member of the Executive Committee (EXCO).

In this position, you will be responsible to lead the risk management function at the Exchange to:

• 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
• allocate capital to exposures based on risk, and optimize the Exchange’s risk portfolio through business activities and risk transfer strategies
• improve the bank’s risk management readiness through communication and training programs, performance measurement and incentives, and other change management programs
• develop the analytical, systems and data management capabilities to support the risk management program

RESPONSIBILITIES

Key Responsibilities include, but are not limited to the following list and may vary during your employment based on the needs of the business, as determined by the CEO:

• As Head of exchange-wide risk management, the CRO 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 AsiaNext.
• To maintain independence of the risk management function, the role of the CRO shall not have any business or revenue generation responsibilities.
• 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.
• Interaction between the CRO and the Board should occur regularly and be documented adequately.
• The CRO shall be a member of all important Senior Management committees including the Executive Committee (EXCO), Risk Committee (which he chairs), New Product Committee and any other management level committees that may be formed from time to time and that have relevance from the perspective of risk management.
• The CRO will develop the overall risk framework and policy, and ensure a holistic and integrated risk management between the various functions HR, Operations, Technology, Finance, Compliance, Product, Commercial, so as 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.
• Receive reports and ensure the development, integration and maintenance of all IT systems and applications related to risk management, in conjunction with Head of IT Security and CTO.
• Monitor the integrity of risk measurement techniques and MIS that are used to monitor the Exchange’s risk profile relative to its risk appetite.
• Act in a timely manner to ensure effective management, and where necessary mitigation.

Qualifications And Experience

For effective execution of the functions of a CRO, the candidate must ideally have strong functional experience, exposure to regulatory interactions, strong technology orientation, and a keen eye for detail. He/ she must be a team player with Vision who can share and shape the destiny of the Exchange’s vision. Must be able to develop and articulate insights and mentor the team in alignment with the Exchange’s Vision.

• Bachelor’s Degree in Finance, Business or related field.
• (Financial) Risk Management experience in market risk, credit risk, liquidity risk, counter party risk.
• Possess at least 15 years of working experience preferably in a Crypto Currency and Blockchain or start-up environment.
• Good understanding of VaR modelling, risk factors/indicators and stress tests.
• 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).
• Comes with Central Counterparties (CCP) experience.

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 process orientation – A strong understanding of banking processes and operations.
• Intellectual curiosity and analytical approach to work.
• Ability to influence a culture of risk awareness in the organization.
• Independent thought leadership to strategic decisions and debate.
• Ability to lead and exercise authority through expertise, and experience, showing both strategic and operational understanding of the business model.
• Strong big-picture and strategic orientation yet detail focused.
• Strong sense of collaboration and ability to develop positive relationships with key business stakeholders and demonstrate respectful, constructive negotiating skills.
• Leadership ability to inspire and motivate others to perform well through continuous feedback.
• Excellent written and oral communication skills, with proven ability to present and explain complex information and suggest process improvements to a diverse audience including Senior Management and the Board.