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