Financial Risk Manager

Summary

Join Bitstamp, the original cryptocurrency exchange, and contribute to our growing team. Support the Group Head of Risk in maturing the financial risk framework. Manage the Credit Committee, perform financial risk assessments, and work with Treasury on market and liquidity risks. Maintain and improve the ICAAP/ILAAP framework, build automation tools, and support liquidity stress tests. Identify financial risks from Derivatives business and ensure efficient controls. Collaborate with various teams to manage financial risks and develop key risk indicators. Analyze current and emerging risks, reporting to senior management and the Board. Develop, agree, and monitor risk appetite statements. This role requires 5-10 years of relevant experience in risk and control functions within regulated financial institutions.

Requirements

• Between 5-10 years of relevant experience in audit firms and/or regulated financial institutions (ideally crypto, banking, payments or e-money) in risk and control functions with specific expertise in financial risk and control, including credit risk and control
• High level of understanding of all applicable CSSF regulatory frameworks impacting the business that is commensurate with the seniority of the role
• Ability to analyze and synthesize complex information and distil into readily comprehensible and practical advice relevant to the commercial, strategic and financial context, applying a risk-based approach to development of business solutions and decision-making. Demonstrate a creative and innovative approach by finding different ways to look at problems and design novel solutions
• Strong communication and interpersonal skills, with the ability to build and maintain effective relationships with internal and external stakeholders
• Autonomous, pro-active and hands-on with the ability to prioritize and manage own work effectively, apply a breadth of technical, business, product and customer domain knowledge, own the outcome and make an impact
• Used to working in a diverse, international, fast-moving business and fast evolving regulatory environment
• Strong written and verbal communication skills. Excellent knowledge of English language (written and verbal)

Responsibilities

• Supporting the Group Head of Risk to mature the financial risk framework for the Bitstamp Group
• Managing the Credit Committee to prepare agenda and minutes
• Performing financial risk assessments on key counterparties and issuing recommendations to Senior Management during Credit Committees
• Working with Treasury function on market and liquidity risk topics discussed in ALCO (stress tests, Treasury investments limits,…)
• Maintaining and improving the ICAAP/ILAAP framework and methodologies and discussing with internal stakeholders to identify all the areas requiring risk capital
• Building tools to automate the regulatory capital requirement calculation for MiFid entity and performing the quarterly reporting to the regulator in collaboration with Finance/Compliance teams
• Supporting the Treasury function in performing the annual liquidity stress tests exercise for ILAAP, and reporting to the regulator as part of ICAAP/ILAAP framework
• Identifying the financial risks arising from Derivatives business and working with Product teams to quantify those risks (e.g. insurance fund calculation, operational risk in liquidation process,…)
• Ensuring efficient controls are in place for Derivatives risk monitoring, in collaboration with Middle Office and Product teams
• Collaboration with process owners to facilitate appropriate management and control of all financial risk types, involving capital, market, credit, counterparty, and operational risk
• Participation in the development of key risk and early warning indicators, and building tools with Data teams to monitor counterparty risk arising from credit facilities offered to customers
• Driving a risk-aware culture ensures efficient and effective risk and compliance management practices by adhering to standards and processes
• Analyzing current risks and identifying potential emerging risks that are affecting the company, and reporting in presentations to the Board and Senior Management
• Develop, agree and monitor risk appetite statement and metrics for all financial risk types

Preferred Qualifications

Prior experience within the crypto industry is a strong plus but not required. However, a demonstrable interest in the sector is necessary

Benefits

• Work from home or other location that allows you to be most productive
• Generous home-office allowances upon joining to help set up your home space
• Incentives: Financial Rewards, Bitstamp Employee Annual Awards, etc
• Sports and cultural activities, pet-friendly offices, a full fridge, teambuilding events, Bitstamp parties