Chief Risk Officer (ADGM, RIE &RCH)

Role Overview

Chief Risk Officer (ADGM, RIE & RCH) at Bybit, a leading cryptocurrency exchange and digital financial platform. The role is based in the Abu Dhabi Global Market (ADGM) and is responsible for establishing and overseeing the risk management framework for the firm's exchange and clearing operations.

Company Overview

Established in 2018, Bybit is one of the world's leading cryptocurrency exchanges and digital financial platforms, serving over 80 million users across more than 200 countries and regions. Bybit delivers a seamless ecosystem across trading, payments, wealth management, custody, institutional services, and Web3. The organization is backed by a global team of ambitious builders, problem-solvers, and innovators, operating a high-performance and fast-moving environment with 24/7 multilingual customer service and a strong commitment to innovation.

Role Purpose

The Chief Risk Officer provides independent oversight of risks impacting market integrity, clearing and settlement activities, liquidity, operational resilience, and the overall stability of the exchange and clearing ecosystem. This role is critical to maintaining the firm's compliance with ADGM regulatory requirements and ensuring the firm operates within its approved risk appetite.

Key Responsibilities

Risk Framework & Governance

• Develop, implement, and maintain the risk management framework in accordance with applicable FSRA Rules, FSMR, and Market Infrastructure Rules (MIR).
• Oversee risk governance processes covering market, clearing and settlement, liquidity, collateral, operational resilience, technology, cyber security, outsourcing, and systemic risks.
• Oversee the development and maintenance of risk policies, procedures, risk indicators, and reporting frameworks.
• Oversee frameworks relating to margin methodologies, collateral management, liquidity monitoring, stress testing, and default management.

Risk Monitoring & Assessment

• Monitor the overall risk profile of the exchange and clearing operations and ensure material risks are managed within approved risk appetite.
• Assess risks relating to market abuse, participant exposures, operational disruptions, and systemic events.
• Conduct stress testing, scenario analysis, reverse stress testing, and recovery planning exercises to assess the resilience of the market infrastructure.

Oversight & Challenge

• Provide independent risk oversight and challenge over exchange operations, clearing activities, market structure changes, participant onboarding, and new products.
• Promote a culture of risk awareness, market integrity, and operational resilience across the organisation.

Reporting & Stakeholder Engagement

• Prepare regular risk reports for the Board, Risk Committee, and senior management.
• Liaise with the FSRA on risk management matters, regulatory reviews, inspections, and supervisory engagements.

Qualifications & Experience

• Bachelor's degree in Risk Management, Finance, Economics, Accounting, Law, Mathematics, Engineering, or a related discipline.
• Significant experience in risk management within exchanges, clearing houses, capital markets, financial market infrastructure providers, or virtual asset businesses.
• Strong understanding of ADGM regulatory requirements, including Market Infrastructure Rules and financial market infrastructure risk principles.
• Experience overseeing market, clearing, settlement, liquidity, collateral, or operational resilience risk frameworks.
• Experience engaging with regulators, Boards, and senior stakeholders.

Skills & Competencies

• Strategic thinking with strong commercial judgement and sound risk management expertise.
• Strong analytical, communication, and stakeholder management skills.
• Ability to provide independent challenge while balancing innovation, growth, and market integrity.
• High integrity, accountability, and professionalism.
• Comfort operating within a highly regulated and systemically important environment.
• Passion for financial markets, digital assets, and emerging technologies.
• Embraces the use of AI and technology to enhance risk monitoring, surveillance, stress testing, and operational resilience.

Additional Information

Benefits

• Study Growth Fund supporting professional development and continuous learning.
• Internal Events including regular team-building activities, workshops, and events designed to promote collaboration and innovation.
• Global Collaboration as part of a diverse, international team working alongside colleagues from around the world.
• Career Advancement with opportunities for growth and advancement within a rapidly expanding global company.
• Internal Mobility with long-term development support and internal job opportunities to help build your career path.