Head of Risk, OKX
More information about location
Cryptocurrency trading app
Job no longer available
Cryptocurrency trading app
1001+ employees
Job no longer available
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
- 5+ years’ experience of working at senior management level within a risk management function, including knowledge and responsibility of establishing and operating a risk management framework
- Ideally, recent crypto exposure and a keen interest in crypto
- Experience of working in a financial services regulated environment
- Ability to effectively communicate with relevant stakeholders and provide practical, actionable and value added recommendations
- Recognised Risk Management qualification, e.g. CRM, IRM, PRMIA is advantageous
What the job involves
- Overall responsibility for the ongoing development, application and review of an effective Risk Management framework
- Designing, developing and implementing the Risk Management framework to deliver adequate identification, reporting, escalation, management and mitigation of risks
- Operating the Risk Management Function in accordance with the GFSC DLT Principles, any other applicable regulation and best practice
- Discovering and assessing short/medium/long-term emerging risks, analysing internal and external events
- Developing a risk appetite framework and defining and documenting the annual Risk Appetite Statement and risk tolerance limits for all risk categories
- Providing overviews of the actual risk and liquidity levels for OKX Gibraltar, in comparison to documented limits and appetites
- Monitoring and reporting of OKX Gibraltar’s overall risk profile and compliance with the risk limits
- Reporting details of breaches to risk limits and analysis of likelihood of future breaches
- Developing an appropriate stress testing programme in line with OKX’s key risks and reporting on the results of stress testing
- Providing input on financial and non-financial risks in relation to capital planning
- Developing appropriate business continuity and recovery plans
- Working collaboratively with risk owners to ensure risks are identified, documented and managed appropriately
- Providing oversight and challenge to operational processes, in particular in assessment of the risks connected with product features
- Managing risks in respect of deviations from operational processes and operational failures, overseeing and reporting on the steps taken to remediate these
- Providing input on suggested remedial action required to address relevant risks
- Providing regular risk reports to the Boards
- Advising the Board on the impact on OKX’s risk profile and associated risks of strategic and operational decisions
- Establishing and maintaining risk management policies and procedures
- Operating an appropriate training programme on risk management best practices; and
- Advising on and implementing appropriate risk treatments (avoidance, acceptance, reduce - i.e. mitigating controls, transfer etc)
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 decentralised finance investment products. With a reputation for security and reliability, it has a user base 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
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