Manager, Clearing Risk Control

When you join ASX, you’re joining a company with a strong purpose – to power a stronger economic future by enabling a fair and dynamic marketplace for all.

In your new role, you’ll be part of a leading global securities exchange with a strong brand. We are known for being a trusted market operator and an exciting data hub. 

Want to know why we are a great place to work, click on the link to learn more.

www.asx.com.au/about/careers/a-great-place-to-work

The ASX team brings together talented people from a diverse range of disciplines. 

We run critical market infrastructure, with 1 in 3 people employed within technology.  Yet we have a unique complexity of roles across a range of disciplines such as operations, program delivery, financial products, investor engagement, risk and compliance.

We’re proud to foster a workplace where diversity is celebrated and inclusion is part of our everyday culture. Our employee-led networks champion LGBTIQ+ inclusion, promote gender equality, accessibility and wellbeing, inspire giving and volunteering, and celebrate cultural and religious events, creating a sense of belonging for all. As an AWEI Bronze employer and member of the Champions of Change Coalition for gender equality, we’re committed to a fair and inclusive workplace where everyone can thrive.

About the team:

To ensure effective oversight of financial risks in ASX Clearing Houses.
The Clearing Risk Control, Data and Reporting team is responsible for oversight of day-to-day market, counterparty credit and liquidity risk exposures across ASX Clearing Houses and for supporting effective default management preparedness and response.

What you will be doing:

How we do things at ASX is just as important as what we do. This means, if you're a people leader, you will be responsible for both the core duties outlined below, and providing leadership to your team to ensure we foster a collaborative, inclusive team environment, where people feel empowered, accountable, and deeply connected (as outlined in our Leadership Principles).

Play a key thought leadership role in the team focusing on oversight of financial risks in ASX Clearing Houses, including:

• Leading the operation of key risk controls, including daily and periodic control execution, monitoring effectiveness, and ensuring issues are identified, escalated and remediated in a timely manner.

• Managing and improving risk processes in your area including reviewing design and operating effectiveness of controls in your team, assisting with control testing on an annual basis, ensuring procedures are in place and up to date, and staff are appropriately trained on processes.

• Driving improvements in financial risk management oversight capabilities leading to a shift from reactive to proactive management of clearing risks.

• Where appropriate, supporting the default management firedrills.

• As a key user of model output and analytics, partnering closely with Quantitative Analytics, Quantitative Development, Model Risk and Policy teams to improve modelling, risk insights and decision usefulness.

• Working closely with line 1 teams on the support of new products and clearing services, including providing SME input on financial risk considerations of new products and cleared services and supporting change activities including UAT and testing.

• Managing regulatory, audit, and self-identified issues that fall under your team’s accountability, with a focus on ensuring work is undertaken to an appropriate standard and completed to schedule.

• Contributing to and writing papers to the CS Boards, ASX Risk Consultative Committee and internal Risk Governance Working Groups as required.

• Managing engagements with external stakeholders effectively including with consultants, clearing and market participants and regulatory agencies as required.

What you will bring:

Must have

• Have 8+ year’s domestic or international experience in traded market risk and liquidity risk management / controls in local and/or global financial institutions.

• Have a firm grasp of financial risk management concepts including exposure to market, credit and liquidity risk and have a track record of managing and uplifting risk management frameworks.

• Have a firm grasp of global markets, global economic conditions and geopolitics and the ability to consider how these may present emerging financial risks to ASX Clearing Houses.

• Ability to analyse complex risk management and business problems and develop appropriate solutions.

• Ability to interpret model specifications and consider the practical implications of models on clearing participants and Clearing House positions.

• Academic qualifications in a quantitative or financial discipline.

• Project delivery and change management experience relevant to a financial risk management context.

• Experience coaching and developing team members.

• Experience working with external stakeholders including customers and regulatory agencies

Nice to have:        

• Domestic or international experience in a clearing house.

• Experience managing a small team.

• Knowledge of ASX Derivatives products.

• Understanding of central counterparty activities.

• Knowledge of the Australian financial regulatory environment

We make hiring decisions based on your skills, capabilities and experience, and how you’ll help us to live our values. We encourage you to apply even if you don’t meet all the criteria of this role.

If you need any adjustments during the application or interview process to help you present your best self, please let us know at [email protected].

At ASX Group, our diverse workforce is essential to build and maintain a fair and dynamic marketplace. We support flexible working and offer hybrid working options. Even if our roles are advertised as full-time, we encourage you to apply if you are interested in part-time or other flexible working arrangements.

We will arrange for successful candidates to have background checks, including reference and police checks, completed as part of the on-boarding process.

To be considered for this position, candidates must be legally authorised to work in Australia on a permanent basis without any restrictions.