Abaxx Exchange is looking for a Risk Analyst who will assist in overseeing and shaping the financial risk management practice in Singapore. The candidate will join a dynamic team, be exposed to a wide range of products and be challenged with complex risk problems. This is an exciting, multifaceted role where you will interact with various teams to broaden your exposure.
Responsibilities:
Risk Control
- Assist with the establishment and maintenance of the risk management framework by adhering to internal risk policies and staying up to date with regulatory standards and industry best practices
- Execute daily risk control processes including initial and variation margin calculations, mark-to-market valuations, and risk reports, working alongside Clearing Operation teams to manage clearing risk
- Investigate and document margin breaches and risk limit excesses, including root cause analysis, member communication, escalation procedures, and regulatory reporting requirements. Maintain detailed audit trails and contribute to post-incident reviews to strengthen risk controls
- Support the calculation and monitoring of option margin requirements using portfolio margining methodologies (e.g., SPAN, VaR-based approaches), including reviewing volatility surface parameters, stress scenarios, and option Greeks for complex positions
- Assist in the administration of non-cash collateral including government securities, letters of credit, and emerging digital assets. Support the evaluation of collateral valuation methodologies, haircut policies, and operational processes including digital title transfer mechanisms for tokenized assets
- Monitor collateral adequacy and concentration limits across clearing members, including daily reconciliation of posted collateral against margin requirements and guarantee fund contributions
- Build and maintain reports for regular management, member and regulatory reporting
- Monitor market trends, geopolitical events that may impact products to proactively identify emerging risk and opportunities
- Develop and maintain close working relationships with the Clearing & Exchange Operations, Compliance and Finance teams
- Compile and provide information to external parties (e.g. regulators, auditors, external independent validators, consultants) on routine and ad-hoc bases
- Participate in new product launches, new member onboarding, regular clearing member reviews and run thematic or ad-hoc market research on relevant risk topics
Risk Development:
- Contribute to development and enhancement of in-house risk application leveraging Python, SQL, GIT and AWS cloud infrastructure to support advanced analytics and risk management process.
- Monitor the performance of risk models, ensuring their appropriateness and maintaining the integrity and accuracy of risk data.
- Participate in stress testing exercises to evaluate margin adequacy under extreme market scenarios, including reverse stress testing and sensitivity analysis for key risk parameters
- Develop and leverage upon advanced analytics tools and models, e.g. tools and models related to Artificial Intelligence (AI)
- Design test cases and perform testing for risk systems development and system upgrades
- Contribute to the development and successful delivery of visual analytics initiatives. These initiatives typically include the development of reports, analysis, data visualizations and dashboards from aggregated data sources such as risk databases with the objective of bringing risk monitoring, analysis and strategic decision making to the next level.
Risk Culture:
- Contribute to the establishment and promotion of risk culture within the Company including through daily responsibilities, awareness efforts and training efforts
- Contribute to the culture of governance and risk oversight within the Company
Qualifications:
- Degree in Risk Management, Business, Economics, Mathematics, Science, Engineering or IT, or a related discipline
- Working level competency in Excel VBA/SQL/Python and Microsoft Office applications
- Understanding of derivatives products including futures and options, margin methodologies, and collateral management principles preferred
- Strong attention to detail with a focus on process execution
- Keen interest in financial, commodity and energy markets and derivative instruments
- Key player in an agile and diverse environment that emphasizes proactive collaboration and risk identification
- Quick learner with excellent written and communication skills, team orientation, and ability to work with counterparts in different organizational areas
- Self-starter who takes initiative to improve the current state of things and is adaptable to change
- Prior relevant professional experience in risk management, data analysis, portfolio management, and/or risk systems in prime brokerages, fund houses or clearing houses preferred
