Senior Director of Model Risk, OKX
Financial Crimes
$140-300k
More information about location
Cryptocurrency trading app
Be an early applicant
Cryptocurrency trading app
1001+ employees
Be an early applicant
$140-300k
More information about location
1001+ employees
Company mission
To eliminate financial barriers, evolve the global economy, and change the world for better.
Role
Who you are
- The ideal candidate will possess a combination of deep expertise in traditional financial institution model governance and cutting-edge knowledge of blockchain analytics and crypto-specific financial crime methodologies
- Must be a strong problem-solver with excellent programming skills, a deep understanding of quantitative methods, and a passion for applying mathematical modeling to solve financial crime-related problems
- Advanced Degree (MsC or Ph.D.) in a highly quantitative field such as Statistics, Mathematics, Physics, Computer Science, or Engineering
- Deep domain expertise of global AML regulations, sanctions regimes (OFAC, UN, EU), and their practical application within both traditional finance and crypto environments
- Significant experience gained working with large, complex financial institutions (e.g. Tier 1 Bank, Fintech/Payment provider) is essential, demonstrating mastery of traditional model governance principles
- Strong knowledge of machine learning techniques, financial modeling and statistical techniques in Finance (TradFi or crypto). Hands-on experience with stochastic calculus and numerical methods in pricing and risk models
- Proficiency in programming languages such as C, C++, Java, Python or equivalent. Experience with data handling and statistical analysis (e.g., pandas, NumPy, scikit-learn, SQL)
- Exceptional ability to lead discussions with model developers, effectively challenge assumptions, and clearly communicate complex findings to both technical quants and non-technical senior executives
What the job involves
- The OKX Central Risk function is responsible for overall risk management covering financial risk, enterprise risk, operational risk, fraud risk, quantitative model development, and model validation
- We’re deeply committed to the top risk standards of the crypto industry, protecting the company from financial, regulatory and reputational risks
- Our team consists of seasoned risk professionals who are based across our global offices
- This is a critical senior-level role within our Model Risk Management team responsible for the independent validation of models for Anti-Money Laundering (AML), Sanctions Screening, Know Your Customer (KYC), and other financial crime-related methodologies and controls
- You'll develop and lead the execution of a comprehensive, independent model validation program for all financial crimes risk models across OKX's global platforms
- Conduct in-depth reviews of model design, data quality, conceptual soundness, implementation accuracy, and ongoing performance for a suite of financial crimes models
- Validate both traditional (transaction monitoring, sanctions screening, fraud detection systems) and crypto-native modeling-methods (blockchain analytics, wallet monitoring, etc)
- Review model performance and design and conduct independent model testing, stress testing, and benchmarking to specifics of the model’s type, implementation and usage
- Research and integrate advanced statistical techniques, machine learning, and stress testing scenarios into the validation framework to assess model robustness against emerging financial crime threats
- Maintain documentation and support model governance in accordance with internal policies and regulatory expectations. Assist on periodic model performance review or revalidation
- Prepare and present clear, impactful validation findings, limitations, and recommendations to the Executive Risk Committee, Compliance Leadership, and Internal Audit
Our take
While cryptocurrency holds the promise of freedom in personal finances and the possibility of large financial rewards through trading, it can be intimidating to get started. OKX, a long-standing crypto currency exchange, exists to solve that problem, removing the knowledge barriers to cryptocurrency trading with an easy-to-use, all in one platform.
OKX is one of the larger cryptocurrency exchanges, though it is a bit smaller than the market leaders Binance and Coinbase Exchange. Where it shines is in the sheer range of its services which are designed to be versatile enough for any user, ranging from a crypto exchange to NFT and decentralized finance investment products. With a reputation for security and reliability, it has a userbase of over 50+ million active accounts in over 180 countries.
OKX is using its structural position in cryptomarkets to help support the entire sector, announcing a market recovery fund to protect crypto firms facing collapse following the FTX crisis. Additionally, it is expanding into Web3 gaming with a 2023 partnership with Thirdverse, further increasing the scope of its offering to its client base. As long as it can continue to weather the tough market conditions for cryptocurrency it should maintain its excellent position to continue its growth.
Freddie
Company Specialist at Welcome to the Jungle
Insights
65% employee growth in 12 months
Company
Company benefits
- Comprehensive insurance package including medical, dental, vision, disability & life insurance.
- Paid Parental Leave
- Employee Referral Bonus Program paid in BTC
- More surprises when you join!
Leadership
Star Xu
(Founder & CEO)Previously an Engineer at Yahoo before becoming the Chief Technology Officer at DocIn. They later founded OKX and has recently reclaimed the title of CEO
Salary benchmarks
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