[Hiring] Lead – Credit Risk & Portfolio Management @ABX

Role 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

• 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
• 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
• 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
• 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
• Regulatory & Stakeholder Management
  • Prepare risk reports for senior management and the Board
  • Support and coordinate internal and external audits, ensuring timely remediation of findings
• Risk Framework & Policy Development
  • Develop credit risk policies and frameworks
  • Support Risk Appetite Framework
  • Integrate traditional and digital risk practices
• Stakeholder Engagement & Leadership
  • Collaborate with Trading, Treasury, and Compliance teams
  • Provide strategic risk insights
  • Lead and mentor the risk team

Qualifications

• 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).

Benefits

• Flexible working arrangements
• Competitive salary
• Ongoing professional development
• Welcoming and supportive culture
• Diverse, global team