Head, Market & Liquidity Risk

GXBank; Petaling Jaya; On-site; MYR 450,000 - 800,000; Full time

Job summary

GXBank is seeking a Head of Market & Liquidity Risk to lead the risk governance, policy setting, and oversight of market and liquidity risk. You will shape risk appetite, supervise analytics, and provide insights to the Board.

The role requires extensive experience in treasury operations and ALM, with strong leadership and cross-functional collaboration across the risk and finance functions. Based in Malaysia, reporting to the Risk leadership.

Qualifications

• 12–15 years of progressive experience in Market and Liquidity Risk Management.
• Bachelor’s degree or higher, preferably in a quantitative field.
• Expert-level knowledge of treasury operations, market risk, liquidity management, and ALM.
• Advanced quantitative and analytical capabilities; programming or risk-modeling experience preferred.
• Excellent written and verbal communication; ability to present to Board.
• Strong project management skills in a dynamic environment.

Responsibilities

• Define and own risk frameworks for Market and Liquidity Risk.
• Establish risk appetite and limits in collaboration with senior functions.
• Lead risk review for new products and initiatives from a liquidity and market risk perspective.
• Review, support, and approve high-value transactions per risk appetite.
• Drive analytics and data integrity for market risk monitoring.
• Oversee IRRBB governance and modeling; define cashflow assumptions and monitor EVE/NII sensitivities.
• Lead ICAAP capital quantification for market risk and IRRBB.
• Oversee liquidity stress testing and board-ready MI and dashboards.

Skills

Risk governance

Framework development

Market risk

Liquidity risk

IRRBB modeling

ICAAP capital

Regulatory compliance

Executive reporting

Stakeholder communication

Education

Bachelor's degree in quantitative field

Job description

Role Purpose

Sitting independently within the Risk Department (Second Line of Defense), the Head of Market & Liquidity Risk is responsible for the independent governance, framework setting, and oversight of the Bank’s Market Risk and Liquidity Risk profiles. The Head of Market & Liquidity Risk provides strategic oversight and direction for the Bank’s market and liquidity risk management frameworks. This senior role is responsible for defining, establishing, and evolving risk policies, procedures, and risk appetite in close collaboration with key business stakeholders and functions. You will oversee portfolio monitoring, drive advanced risk analytics, ensure robust regulatory compliance, and deliver critical risk insights directly to executive leadership and the Board.

Key Responsibilities

1. Strategic Governance & Risk Frameworks

   • Define and Own Frameworks: Design, implement, and maintain the Bank’s overarching risk policies, frameworks, and procedures for Market and Liquidity Risk.
   • Establish Risk Appetite: Collaborate with business units and senior functions to devise, calibrate, and secure approval for the bank-wide risk appetite and risk-taking limits.
   • New Product Approval: Lead the risk review and approval process for new products and business initiatives, evaluating them thoroughly from a liquidity and market risk perspective.

2. Market Risk Oversight & Analytics

   • Transaction Approval: Review, support, and approve complex or high-value transactions in accordance with the bank’s risk appetite.
   • Enhance Analytics: Drive strategic projects to elevate the accuracy, sophistication, and infrastructure of Market Risk analytics.
   • Data Integrity: Oversee and ensure the absolute integrity and robustness of the market risk monitoring processes and systems.
   • IRRBB Governance & Modeling: Provide independent oversight of Interest Rate Risk in the Banking Book (IRRBB). Define relevant cashflow assumptions and establish robust monitoring for Economic Value of Equity (EVE) and Net Interest Income (NII) sensitivities.
   • ICAAP Capital Quantification: Act as the Second Line lead for quantifying Market Risk and IRRBB capital requirements under the ICAAP framework. Develop and validate internal risk-capital methodologies to ensure the bank maintains adequate capital buffers against extreme market and structural shocks.

3. Liquidity Risk, Stress Testing & Reporting

   • Advanced Modeling: Oversee and execute the bank’s liquidity stress testing models, ensuring they reflect realistic macroeconomic scenarios.
   • Board & Executive Reporting: Produce high-quality Management Information (MI) and reporting dashboards for leadership and the Board, with a sharp focus on key liquidity metrics, forecasting, and strategic planning.
   • Strategic Review: Play a pivotal role in leading strategic projects aimed at reviewing and upgrading the bank’s approach to global liquidity management.

4. Cross-Functional Collaboration & Regulatory Compliance

   • Treasury & Finance Partnership: Work closely with Treasury and Finance teams to co-build and maintain a seamless, robust process for managing financial risks.
   • Regulatory Liaison: Keep a pulse on the evolving regulatory landscape in Singapore (MAS), evaluating global economic impacts and ensuring the bank remains ahead of financial institution compliance standards.
   • Committee Representation: Actively participate in and contribute as a thought leader in Risk Management working groups, executive committees, and forums.

Requirements

• At least 12-15 years of progressive experience in Market and Liquidity Risk Management within the banking or financial services sector.
• Bachelor’s degree or higher, preferably in a quantitative field.
• Domain Expertise: Expert-level knowledge of treasury operations, market risk, liquidity management, and asset-liability management (ALM).
• Product Knowledge: Deep understanding of financial instruments, secured financing, securitization, and derivative products.
• Analytical Skills: Advanced quantitative, technical, and analytical capabilities; prior programming or risk-modeling experience is highly preferred.
• Communication Excellence: Exceptional written and verbal communication skills, with a proven ability to articulate complex financial problems and solutions into clear, concise executive messaging.
• Presentation Skills: Strong presence with experience presenting critical metrics and risk positions to the Board and executive leadership teams.
• Execution & Agility: A self-starter who is highly motivated, organized, and adaptive to a dynamic environment; possessing strong project management skills to oversee multiple high-priority initiatives simultaneously.

GX Bank Berhad (GXBank) is Malaysia’s first digital bank that commenced operation on 1 September 2023. With a workforce of more than 95% Malaysians from both the finance and technology sectors, the bank aims to disrupt the current banking industry with customised innovative solutions that empower Malaysians to be financially resilient and support their financial goals. Powered by Grab, GXBank is a subsidiary of GXS Bank Pte. Ltd., – the digital bank joint venture between Grab Holdings Limited and Singapore Telecommunications Limited (Singtel) – and a consortium of other Malaysian investors, including Kuok Group.