AVP/ VP Risk Control

SGX Group; Singapore; On-site; SGD 120,000 - 160,000; Full time

Job summary

Singapore Exchange (SGX Group) is seeking a senior Risk Manager to join the Risk Management division in Singapore. You will oversee clearing member credit quality, margin governance, and crisis preparedness, translating macro developments into actionable risk controls.

Collaborating with product, clearing operations, legal, compliance and regulators, you will lead risk assessments, playbooks, and post-exercise reviews to strengthen the resilience of SGX's clearing ecosystem.

Qualifications

• Degree in Finance, Economics, Mathematics, Engineering, Risk Management, or related discipline.
• At least 7 years of working experience, with at least 3 years in a relevant field such as Fund/Asset Management Risk Management and/or derivatives trading support and risk functions.

Responsibilities

• Monitor the financial strength and creditworthiness of clearing members and assess exposures.
• Evaluate margin requirements under changing market conditions and support stress testing and risk controls.
• Support development and enhancement of default management framework and crisis preparedness activities.
• Prepare risk assessments and management papers for senior management and risk committees.

Skills

risk management

data analysis

stakeholder communication

crisis management

Education

Bachelor's degree in Finance, Economics, Mathematics, Engineering, Risk Management, or related discipline

Job description

Singapore Exchange (SGX Group) is Asia's leading multi-asset exchange, operating marketplaces for equities, fixed income, currencies, commodities and derivatives. As a key financial market infrastructure, SGX facilitates price discovery, capital formation, risk transfer and investment opportunities for participants across global markets.

SGX also operates as central counterparties (CCPs) that clear and settle transactions executed on its markets. By acting as the buyer to every seller and the seller to every buyer, the clearing houses reduce counterparty credit risk and promote the safety, stability and integrity of the financial system. Through robust risk management standards and financial safeguards, SGX plays an important role in supporting resilient and efficient capital markets.

About Risk Management

The Risk Management division is responsible for safeguarding SGX's clearing houses and ensuring that they maintain sufficient financial resources to withstand the default of a clearing member, even during periods of severe market stress. The team achieves this through the establishment of robust risk management frameworks, active monitoring of clearing member risks, calibration of margin requirements and clearing fund resources, and the maintenance of comprehensive default management arrangements.

Working closely with regulators, clearing members and internal stakeholders, the Risk Management division seeks to ensure that risks arising from member defaults are identified, measured and appropriately mitigated. Through rigorous risk surveillance, stress testing, financial resource sizing and default preparedness activities, the team contributes to the resilience of SGX's clearing ecosystem and helps reduce the potential for systemic disruption to the broader financial markets.

The Risk Control role provides an opportunity to work at the intersection of financial markets, clearing risk management, and default management. The successful candidate will be expected to understand how macroeconomic developments, market events and product-specific factors can impact clearing members and SGX's risk exposure so that such risks can be mitigated on a timely basis.

The candidate will play a key role in member surveillance, margin governance, default preparedness, and crisis management activities across SGX's clearing businesses.

Key Responsibilities:

Monitor Clearing Member Credit Quality

• Monitor the financial strength and creditworthiness of clearing members.
• Conduct ongoing assessments of member exposures, funding profiles, and concentration risks.
• Identify early warning indicators of member distress and **escalate** emerging concerns appropriately.
• Engage clearing members to understand changes in their business activities and financial condition.
• Recommend and implement appropriate risk mitigation measures where necessary.

Market Monitoring and Margin Oversight

• Monitor developments across global markets and assess potential implications and propose risk treatments as required.
• Evaluate the adequacy of margin requirements under changing market conditions and heightened volatility.
• Support margin reviews, stress testing exercises, and calibration of risk controls.
• Analyze market events and identify transmission channels through which such events may impact member exposures and clearing house resilience.
• Prepare risk assessments and recommendations for senior management and risk committees.

Default Management

• Support the maintenance and enhancement of SGX's default management framework.
• Participate in default simulations, crisis management exercises, and recovery planning activities.
• Assist in the development and review of default procedures, playbooks, and operational workflows.
• Coordinate with internal stakeholders and external participants during default preparedness exercises.
• Contribute to post-exercise reviews and continuous improvement initiatives.

Risk Policy and Stakeholder Engagement

• Support the development and review of clearing risk policies and procedures.
• Prepare management papers, risk assessments, and presentations for senior management, committees, and regulators.
• Participate in industry engagements and discussions relating to CCP risk management and market infrastructure resilience.
• Work closely with product, clearing operations, legal, compliance, and technology teams on risk-related initiatives.

Requirements

• Degree in Finance, Economics, Mathematics, Engineering, Risk Management, Business Anlaytics, or a related discipline.
• Working experience of at least 7 years, with at least 3 years in relevant field:
• Fund/Asset Management Risk Management; and/or
• Derivatives trading support and risk functions.