Lead – Credit Risk & Portfolio Management
About Us:
Allocated Bullion Exchange (ABX)
Allocated Bullion Exchange (ABX) is the world’s leading electronic institutional exchange for allocated physical precious metals. The ABX brings global trading, price discovery, and clearing facilities into one standardised and secure online trading environment via our groundbreaking exchange trading platform, MetalDesk.
The exchange introduces a new, centrally cleared, transparent, and cost-effective allocated exchange system and standard for the industry by offering precious metal market participants an exchange where they are able to trade, deliver, or store physical precious metal in 7 global locations. ABX gives market participants across the world direct access to one integrated and consolidated global wholesale bullion market. We have enhanced market efficiency, introduced inclusiveness and accessibility, and provided relevant real-time price discovery.
ABX has modernised, globalised, & Integrated the precious metal markets by redefining the way physical bullion is traded. We connect all major global liquidity centres and break down the barriers to entry to the global wholesale market for all market participants.
About the Role (Job Description):
The Head of Credit Risk & Portfolio Management is an executive-level position responsible for safeguarding the exchange’s financial stability. This role requires navigating the distinct market behaviours of physical precious metals and the high-velocity, highly complex cryptocurrency markets. The incumbent will design, implement, and oversee the frameworks governing credit risk and unique infrastructure risks associated with digital assets.
Key Responsibilities
1. Credit Risk Strategy & Governance
- Develop, implement and continuously refine the Organisation credit related risk appetite framework
- Ensure compliance with regulatory requirements (BASEL, IFRS, prudential standards and governance standards)
- Establish internal credit rating models and scorecards
- Define and monitor credit limits and concentration risks
- Support relevant Management Committees and ensure approval governance is in place
2. Portfolio Risk Management & Analytics
- Monitor portfolio exposure by counterparty and geography
- Conduct credit risk stress testing and scenario analysis
- Develop and monitor early warning indicators (EWI) and Key Risk Indicators (KRI)
- Analyse portfolio concentration risk and emerging trends
3. Collateral & Exposure Risk Interface
- Assess the adequacy and effectiveness of collateral (bullion-backed exposures) as a credit risk mitigant
- Monitor credit risk exposure and sensitivity to market movements
- Collaborate with Market Risk teams on margining and collateral valuation
4. Digital Asset & Counterparty Risk
- Manage risks for tokenised assets (gold/silver-backed)
- Assess and manage counterparty credit risk and settlement risk exposures, including delivery-versus-payment (DvP) risks and settlement timing mismatches
- Ensure alignment between reserves and digital issuance
5. Regulatory & Stakeholder Management
- Prepare risk reports for senior management and the Board
- Support and coordinate internal and external audits, ensuring timely remediation of findings
6. Risk Framework & Policy Development
- Develop credit risk policies and frameworks
- Support Risk Appetite Framework
- Integrate traditional and digital risk practices
7. Stakeholder Engagement & Leadership
- Collaborate with Trading, Treasury, and Compliance teams
- Provide strategic risk insights
- Lead and mentor the risk team
Requirements:
- 12–15 years’ experience in Credit Risk / Portfolio Management within the Financial Services Industry (FSI)
- Bachelor’s degree in finance, Accounting, Risk Management, Business or related field
- Relevant professional certifications in risk management, finance, or audit are highly preferred
- Strong knowledge of Basel framework, IFRS9/MFRS9 and ICAAP
- Experience in portfolio analytics and stress testing
- Blockchain Fluency: Strong technical grasp of digital asset infrastructure, consensus mechanisms, smart contract vulnerabilities, and the specific risk profiles of various Layer 1 and Layer 2 networks.
- Quantitative Skills: Proficiency in statistical modelling, risk analytics, and programming languages commonly used in risk management (e.g., Python, R, SQL).
What We Offer:
- Flexible working arrangements
- Competitive salary
- Ongoing professional development
- Welcoming and supportive culture
- Diverse, global team
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