Financial Risk Department, Abaxx Exchange Pte. Ltd. (“Abaxx”)
Location: Singapore
Abaxx is a full-stack financial technology company developing a regulated commodity futures exchange and clearinghouse in Singapore, and new software protocols and applications to enhance trust in electronic markets.
Founded on the principle of developing SmarterMarkets™ that are characterized by more efficient, seamless, and secure transactions, Abaxx Exchange is an emergent commodities exchange and clearinghouse in Singapore that has been established to motivate and facilitate better trading and technology solutions for the commodities markets. Fundamental to the development of our societies, we believe that commodities can and should be graded and traded based on their environmental, social, and governance (ESG) externalities.
Our goal is to improve price signals and risk management tools for energy markets to accelerate the energy transition. We intend to extend our technology services, software protocols and infrastructure to pre- and post-execution services to develop the capacity and infrastructure needed to meet emerging and evolving future sustainability standards.
Abaxx Exchange has been granted licenses by the Monetary Authority of Singapore (MAS) as a Recognized Market Operator (RMO) and Approved Clearing House (ACH). Abaxx Exchange is a majority-owned subsidiary of Abaxx Technologies, a publicly traded financial technology company listed on the NEO Exchange in Canada (www.abaxx.tech).
Abaxx Exchange is looking for a risk analyst who will assist the Head of Risk Control 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 teams across Clearing & Exchange Operations, Finance, Compliance, External Data/System Vendors, the Abaxx Technology team, and Market Regulators.
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 and risk reports working alongside Clearing Operation teams to manage clearing risk
· Identify, investigate and escalate any issues or exceptions related to the risk framework (e.g. margin and guaranty fund breaches, risk limit excesses, data quality) including any required follow-up and reporting requirements
· Build and maintain reports for regular management, member and regulatory reporting
· 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 ongoing risk model development efforts including participation in the design and implementation of model enhancements and improvements to risk infrastructure and processes
· Monitor the performance of risk models and assess their continued appropriateness
· Design test cases and perform user acceptance tests 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 from risk databases with the objective to bring 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
· Minimum 3-5 years relevant work experience
· Working level competency in Excel VBA/SQL/Python and Microsoft Office applications
· Strong attention to detail with a focus on process execution
· Keen interest in financial, commodity and energy markets and derivative instruments
· 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
