The Head of Security will build and lead Snorkel's security function, overseeing infrastructure, application security, and governance, risk & compliance while shaping the security strategy and team.
Head of Risk UK (Crypto)
📜 Description
- Own and drive the UK risk strategy, aligned with the Group risk strategy and FCA expectations.
- Lead the Group's financial and prudential risk framework, including credit, liquidity, and market risk.
- Design and lead the stress testing programme covering various market scenarios.
- Set and monitor risk limits for crypto liquidity providers and oversee due diligence.
- Provide oversight of crypto-asset custody arrangements and client asset safeguarding.
- Maintain the UK risk register and deliver decision-ready reporting to the UK Board.
🛠️ Requirements
- Proven experience with crypto-assets and digital assets is essential.
- Experience in risk management within regulated financial services, particularly in financial and prudential risk.
- Strong expertise in FCA requirements and the UK cryptoasset regime.
- Experience managing outsourced service risk functions.
- Proven ability to engage with Boards and manage escalation processes.
- Strong command of capital adequacy, liquidity, and market risk.
✨ Benefits
- Competitive Salary
- Work-Life Harmony
- Generous Time Off
- Employee Referral Program
- Comprehensive Health & Pension Benefits
- 30 extra days to work remotely from anywhere
- Two additional paid Volunteer Days
Full job description
Responsibilities
Strategic Risk Leadership: Own and drive the UK risk strategy, aligned with the Group risk strategy, the business plan, and FCA expectations. Set and maintain the local risk appetite within the boundaries of the Group Risk Appetite Statement
Financial and Prudential Risk (group ): Own and lead the Group's financial and prudential risk framework - credit, liquidity, capital, cost, market, and concentration risk. Lead the Group and entity ICARA (or equivalent) processes end to end, including capital planning and wind down planning.
Stress Testing and Scenario Analysis: Design and lead the stress testing programme covering crypto market shocks, client behaviour, liquidity withdrawal, counterparty failure, and operational disruption.
Counterparty and Credit Risk: Set and monitor risk limits for crypto liquidity providers, exchanges, custodians, and banking partners. Oversee counterparty due diligence, concentration risk, and contingency planning for counterparty disruption.
Custody and Safeguarding Risk: Provide second line oversight of crypto-asset custody arrangements, key management, client asset safeguarding, and on-chain settlement risk.
Operational Risk and Controls: Oversee the UK RCSA cycle, incident and issue management, control testing, and KRI monitoring in the Group GRC platform.
Technology and Resilience Risk: Provide oversight of operational resilience, cybersecurity risk, and change management, leveraging group technology risk arrangements.
Outsourcing and Third Party Risk: Oversee UK's critical third party arrangements, including custody, cloud, and blockchain analytics providers. Ensure robust due diligence, ongoing monitoring, and exit plans.
Monitoring and Reporting: Maintain the UK risk register and KRIs. Deliver decision ready reporting to the UK Board and Audit and Risk Committee, including appetite breaches, emerging risks, incidents, and remediation progress.
Regulatory Alignment: Maintain close relationships with the FCA and support regulatory submissions, inspections, and remediation of findings. Ensure audit readiness and disciplined evidence management.
Requirements
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