Market Risk Manager
M2
Date: 1 week ago
City: Abu Dhabi
Contract type: Full time
We are seeking a skilled Market Risk Manager to join our team at M2. The successful candidate will be responsible for monitoring, managing, and mitigating financial risks across our cryptocurrency exchange platform, including risks and P&L associated with our internal trading team. This role involves developing and implementing risk management policies, mandates, and limits to ensure robust risk oversight and compliance, as well as P&L calculations and reporting.
Key areas of responsibility:
So, if you're ready to join a team where your potential is truly valued, welcome aboard!
Key areas of responsibility:
- Risk Assessment and Analysis:
- Identify, evaluate, and analyse market risks, liquidity risks, and credit risks specific to virtual asset trading and investments.
- Conduct thorough assessments of potential risks, considering market volatility, liquidity constraints, and counterparty credit exposures.
- Utilize advanced risk assessment tools and models to quantify and measure risks accurately.
- Risk Management Strategy:
- Develop and implement comprehensive risk management strategies and frameworks tailored to virtual asset trading activities.
- Establish policies, procedures, and controls to manage and mitigate identified risks effectively.
- Stay updated with industry trends, regulatory changes, and emerging risks related to virtual asset trading.
- Market Risk Management:
- Monitor virtual asset market trends, including price movements, market liquidity, and trading volumes.
- Implement risk management tools and techniques to identify and manage market risks, such as value-at-risk (VaR) models, stress testing, and scenario analysis.
- Develop and propose strategies and controls to help hedge and mitigate market risks, including the use of derivatives and risk mitigation instruments.
- Liquidity Risk Management:
- Monitor and manage liquidity risks associated with virtual asset trading operations.
- Assess the availability of liquidity across various cryptocurrencies and exchanges.
- Develop and implement liquidity risk management strategies, including cash flow forecasting / ALM Liquidity Profile, position limits, and liquidity contingency plans.
- Credit Risk Management:
- As required, provide assistance with Credit risk responsibilities of the department.
- Evaluate counterparty credit risks associated with trading counterparties, custodians, and other intermediaries.
- Assist to maintain robust credit risk assessment processes, including creditworthiness evaluations and credit limit frameworks.
- Develop strategies to mitigate credit risks, such as collateralization and margin requirements.
- Risk Monitoring and Reporting:
- Continuously monitor and analyse risk exposures, key risk indicators, and risk limits.
- Generate regular risk reports and presentations for senior management and stakeholders.
- Provide insights and recommendations based on risk assessments to optimize trading strategies and enhance risk-adjusted returns.
- Compliance and Regulatory Requirements:
- Ensure compliance with applicable laws, regulations, and industry best practices related to risk management in virtual asset trading.
- Stay updated with regulatory changes and assess their impact on risk management practices.
- Coordinate with internal teams to implement necessary risk controls and reporting mechanisms.
- Bachelor’s degree in Finance, Economics, or a related field. A master's degree or CFA designation is a plus.
- Proven experience in Risk Manager role in a virtual asset trading firm or financial institution, specifically covering market, liquidity, and management of Markets Risk Appetite frameworks.
- Strong understanding of virtual asset market dynamics, trading platforms, and risk management practices in the virtual asset industry.
- Familiarity with risk assessment methodologies, quantitative risk models, and risk management tools used in trading environments.
- Proficiency in using risk management systems, financial modelling tools, and data analysis software.
- Excellent analytical skills and attention to detail, with the ability to interpret complex data and identify risk patterns.
- Strong communication skills, both written and verbal, with the ability to present risk analysis and recommendations to stakeholders effectively.
- Ability to work under pressure in a fast-paced and dynamic trading environment.
- Knowledge of regulatory frameworks and compliance requirements related to virtual asset trading is highly desirable.
So, if you're ready to join a team where your potential is truly valued, welcome aboard!
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