Head of Risk

FalconX

  • Malta Island
  • Permanent
  • Full-time
  • 1 month ago
Who are we?FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and cutting-edge technology, FalconX addresses the industry's foremost challenges: Navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever- evolving cryptocurrency landscape.The Head of Risk is responsible to:Risk Management
  • Set up and manage the Risk Management Framework: Establish appropriate risk policies and procedures to minimize the Company's risks.
  • Recommend updates to the Risk Appetite Statement: Advise the Board of Directors on annual updates and appropriate risk tolerance limits, clearly outlining the level of risk acceptable in line with strategic goals.
  • Maintain a risk register: Systematically record identified risks and mitigation actions.
  • Identify, analyze, quantify, and mitigate risks: Address risks faced by the Company with appropriate actions. The risk identification should encompass not only integrity risks (such as AML/CFT and fraud) but also ICT, operational, market, legal, compliance, conflicts of interests, and other relevant risks in accordance with all intended crypto-asset services. The risk identification process should address risks at various levels, including individual business lines and the overall entity together with outsourced activities.
  • Conduct ongoing risk assessments: Regularly evaluate risks to ensure they are managed effectively.
  • Implement risk measurement methodologies: Recommend risk appetite thresholds and develop monitoring tools.
  • Ensure compliance with regulatory requirements: Maintain activities within relevant risk-related regulations.
  • Collaborate with senior management: Manage key risks, provide analysis, and highlight risk exposures and performance metrics. Also coordinate cross-functionally with business units to refine risk controls and support new product development.
  • Lead regional incident response and crisis management efforts: Oversee responses to incidents and crises.
  • Develop specific risk management actions: Create targeted strategies to reduce or control risk exposure.
  • Monitor and report on risk management activities: Implement continuous monitoring systems and regular reporting to management.
  • Evaluate the risk management framework annually: Assess its effectiveness, relevance, and adequacy in addressing emerging risks.
  • Stay updated on industry trends and emerging risks: Adapt strategies to reflect changes in the environment.
General
  • Support the preparation of reports for the Board of Directors, senior management, auditors, and regulatory authorities.
  • Respond to information requests from regulators and auditors, and provide assistance during thematic reviews conducted by these parties.
  • Participate in meetings as required.
Required SkillsThe incumbent is expected to have,
  • familiarity with the operations of the crypto, investment, or banking sectors will be considered an advantage;
  • relevant qualification in financial services or compliance is required;
  • strong verbal and written communication skills, sound judgment, and analytical abilities;
  • follow-up skills and the ability to communicate clearly and promptly are essential;
  • team player skills with a genuine interest in digital assets and blockchain technology; and
  • enthusiasm for continuous learning and a willingness to explore new frontiers in technology and compliance.
Notice at Collection and Privacy PolicyApplicants located in California and/or applying to a role based in California, please refer to our Notice at Collection and Privacy Policy .Inclusivity StatementFalconX is committed to building a diverse, inclusive, equitable, and safe workspace for all people. Our roles are intended for people from all walks of life. We encourage all those interested in applying to our organization to submit an application regardless if you are missing some of the listed background requirements, skills, or experiences!As part of our commitment to inclusivity, FalconX would like to acknowledge that the EEOC survey has limited potential responses that you can select. For legal reasons, FalconX must use this language to align with federal requirements, however, we want to ensure that you are able to provide a response to our own voluntary survey questions about your identity that best aligns with your most true self.FalconX is an equal opportunity employer and will not discriminate against an applicant or employee based on race, color, religion, national origin, ancestry, ethnicity, sex (including gender, pregnancy, sexual orientation, and gender identity), age, physical or mental disability, veteran or military status, genetic information, citizenship, or any other legally-recognized protected basis under federal, state, or local law.Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and other applicable state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on FalconX. Please inform FalconX's People team at recruiting@falconx.io, if you need assistance with participating in the application process.

FalconX