Description

Business Function

Risk Management Group (RMG) is responsible for the development and maintenance of risk management and internal control frameworks. We provide independent review and challenge to business to ensure that appropriate balance is considered in risk/return decisions. In addition, RMG is responsible for the monitoring and reporting on key risk issues of the Bank. To manage risk effectively and deliver strong financial performance, we invest significantly in our people and infrastructure.

Position Summary

The incumbent will lead the Line 2 independent risk oversight for the bank's activities in the digital assets space. This role is critical in identifying, assessing, and mitigating risks associated with cryptocurrencies, blockchain technologies, decentralized finance (DeFi), tokenization, and related ecosystems. Reporting to the Team Head of Op Risk Governance/Risk Advisory in Risk Management Group - Operational Risk, the SVP will collaborate with business and support units to maintain a resilient risk management framework. This position requires deep expertise in risks tailored to emerging digital technologies.

Key Responsibilities

Develop and implement a comprehensive risk management framework for the digital asset ecosystem, aligning with the bank's overall risk appetite and strategic objectives.

1. Operational Risk Management: Oversee operational risk management in digital asset operations, such as custody, settlement, and transaction processing. Evaluate controls to mitigate risks from operational failures, fraud, and third-party dependencies in blockchain and crypto environments.

You will collaborate with specific business and support units to:

• Embed risk considerations into digital asset product development and operations
• Provide objective review and challenge to the units to ensure operational risk is adequately and effectively identified, assessed and managed, and ensure operational resilience within the units
• Conduct independent assessment and monitoring of operational risk by reviewing risk metrics (risk events, risk & control self-assessment results, key risk indicators, etc.) and assessing if there are systemic/thematic risk concerns that warrant deeper analysis and escalation to senior management
• Conduct thematic risk reviews to identify major areas of risks and control improvements
• Develop and maintain operational risk policies and mitigation programs
• Develop and implement initiatives (such as training programmes and communication/awareness activities)
• Drive/lead changes in various risk tools to improve operational risk management

1. For a holistic risk oversight for the digital asset ecosystem, you will also work closely with other Line 2 functions to ensure they address the following risks:
   1. Market and Liquidity Risk: Monitor and analyse market risks, and liquidity challenges inherent to digital assets.
   2. Technology and Cyber Risk: Evaluate technology risks associated with blockchain infrastructure, smart contracts, wallets, and distributed ledger technologies.
   3. Data Risk: Assess data-related risks, including data privacy, integrity, and governance in digital asset ecosystems. Evaluate compliance with data protection regulations and controls for handling on-chain data and oracle dependencies.
   4. Credit Risk: Assess credit risks in digital asset lending, borrowing, staking, and collateralized activities. Develop counterparty risk frameworks for exchanges, custodians, and DeFi protocols.
   5. Regulatory and Compliance: Stay abreast of evolving regulations and evaluate if the bank's digital asset activities comply with anti-money laundering (AML), know-your-customer (KYC), and sanctions requirements.
2. Reporting and Analytics: Provide executive-level reports on risk exposures, key risk indicators, and mitigation strategies. Utilize analytics tools to provide forward-looking insights.

Requirements

Qualifications and Experience

• Bachelor's degree or equivalent, with major study in Finance, Economics, Computer Science, Business, and/or Technology. Professional certifications such as FRM, CFA, or CISA are highly desirable.
• Minimum 10-15 years of experience in risk management within financial services, with at least 5 years focused on digital assets, fintech, or emerging technologies. Good understanding of operational risk, banking products and processes.
• Aptitude and experience in risk and control related roles in first or second lines and familiar with operational risk management concepts and tools.
• Deep knowledge of digital asset ecosystems, including blockchain protocols (e.g., Ethereum, Bitcoin), DeFi platforms, NFTs, and token standards.

Skills and Competencies

• Exceptional analytical and problem-solving skills, with the ability to navigate complex, ambiguous environments. Strong analytical and problem-solving capabilities with affinity to using data to solve problems. An analytical thinker with good risk sense and affinity to using data to solve problems.
• Excellent communication and influencing abilities to engage with senior executives, regulators, and stakeholders. Strong communication and facilitation skills; able to work with and influence stakeholders at all levels.
• Ability to thrive in a fast-paced, innovative setting while maintaining rigorous risk discipline.
• Positive attitude to change, constantly looking for better ways to get things done and to challenge status quo.
• Self-driven and able to balance creative and pragmatic approaches.
• Team player who can persuade/influence others to achieve the operational risk management objectives.

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.