Description

Role Overview

We are seeking a highly specialized Enterprise Risk Manager to strengthen the second line of defense for our Luxembourg entity. The ideal candidate possesses deep expertise in Liquidity Risk, Reserve Asset Management, and Multi-Currency Digital Settlement Operations. You will oversee risk frameworks supporting high-volume, multi-currency transactions involving novel payment instruments, ensuring robust reserve adequacy, asset segregation, and alignment with emerging EU digital finance frameworks (e.g., MiCA) and CSSF requirements.

Key Responsibilities

1. Liquidity & Reserve Asset Management (Core Focus)

• Design and implement a Liquidity & Reserve Management Framework tailored for digital asset issuance/redemption and multi-currency settlement activities.
• Oversee diversified reserve pools (fiat and digital reference assets), ensuring strict pegging mechanisms and adequate backing to support large daily transaction volumes.
• Conduct daily monitoring of on-chain and off-chain liquidity positions, managing risks related to asset valuation volatility, issuer solvency of reference assets, and network settlement finality.
• Develop Stress Testing & Contingency Funding Plans (CFP) simulating scenarios such as mass redemption events, reference asset de-valuation, or technical settlement disruptions.
• Challenge Treasury assumptions on reserve concentration, custodian risks, and fiat-to-digital conversion corridors.

2. Enterprise Risk & Regulatory Compliance

• Lead Enterprise-Wide Risk Assessments (RCSA, SIRA) with a specific focus on digital asset risks, including market volatility, liquidity gaps, and technology/cyber risks.
• Ensure prudential compliance with CSSF regulations and emerging EU digital finance frameworks, particularly regarding asset-referenced mechanisms and safeguarding of client funds.
• Act as the Second Line of Defense, independently challenging the Trading and Treasury teams on exposure limits, reserve adequacy, and reconciliation accuracy between distributed ledger data and internal ledgers.
• Define and monitor Key Risk Indicators (KRIs) such as: Reserve Ratio Deviations, Peg Stability Thresholds, Unmatched Settlement Volumes, and Custody Concentration.

3. Governance, Reporting & Strategy

• Prepare detailed risk reports for the Board and Regulators (CSSF), highlighting reserve composition, liquidity coverage ratios, and emerging risks in the digital finance sector.
• Foster a strong risk culture by delivering targeted training on digital asset mechanics, key management security, and liquidity stress scenarios.

Qualifications & Talent Profile

• Must-Have Experience:
• 5+ years in Risk Management (2nd Line), Treasury Control within a Digital Asset Firm, FinTech Innovator, or Luxembourg-regulated Payment Institution.
• Deep expertise in Liquidity & Reserve Risk: Proven track record of managing liquidity and interest risk for banks or financial institutions.
• Regulatory Knowledge: Strong command of CSSF guidelines and emerging EU digital finance regulations (e.g., MICA, PSD2, EMD).
• Technical Skills: Proficiency in distributed ledger analysis tools, understanding of AI.

Preferred Attributes

• Hands-on experience with pegged digital instrument trading mechanisms or similar liquidity pool management.
• Familiarity with institutional custody solutions and fiat on/off-ramp banking partners for digital asset firms.
• Language: Fluent English is mandatory. Chinese (Mandarin) proficiency is highly preferred for regional stakeholder alignment.
• Certifications: FRM, PRM, or specialized certifications in digital finance risk are a strong plus.

Personal Competencies

• Deep understanding of the nuances between traditional liquidity risk and digital asset liquidity risk (e.g., 24/7 operations, weekend liquidity gaps).
• Strong challenger mindset with the ability to explain complex novel payment risks to traditional regulators and board members.
• Ability to thrive in a fast-paced, innovative FinTech environment.