Summary
BitOasis, part of the CoinDCX group, operates a regulated virtual assets trading and custody platform serving the GCC and wider MENA region. The Risk Officer will develop and monitor the exchange’s risk framework, assess risks across trading, custody, compliance, technology and operations, and implement controls and mitigation plans. The role also includes regulatory alignment, risk reporting, incident response and employee training. It is based in Manama, Bahrain; 5–7 years of risk management experience is required, and CBB approval is desired.
The posting
As published on bitoasis.net. Pulled from the employer's site and shown as they wrote it.
Company Overview
Founded and headquartered in Dubai, United Arab Emirates, BitOasis is a leading venture-backed, regulated virtual assets retail trading and custody platform for the GCC and wider Middle East and North Africa (MENA) region. BitOasis is proud to be part of the CoinDCX group, an Indian unicorn pioneering the global cryptocurrency space.
Job Summary
The Risk Officer is a critical role within our cryptocurrency exchange in Bahrain. You will be responsible for developing, implementing, and monitoring the exchange's comprehensive risk management framework. This role requires a deep understanding of cryptocurrency markets, regulatory requirements, and risk management best practices to ensure our operations remain secure, compliant, and resilient.
Core Responsibilities
- Framework Development: Design, implement, and maintain a comprehensive risk management framework addressing market, credit, operational, cybersecurity, AML/CFT, and regulatory risks.
- Risk Assessment: Proactively identify and assess potential risks across trading, custody, compliance, technology, and operations using quantitative and qualitative methods.
- Mitigation & Controls: Develop and implement risk mitigation strategies, policies, and controls relating to KYC/AML, transaction monitoring, cybersecurity, and data privacy.
- Monitoring & Reporting: Track Key Risk Indicators (KRIs) against risk appetite and provide regular risk profile reports to senior management and the board.
- Regulatory Compliance: Stay abreast of evolving local (Bahrain/CBB) and international cryptocurrency regulations, ensuring full framework alignment.
- Cybersecurity & AML Collaboration: Partner closely with IT security to mitigate cyber threats (hacking, phishing) and collaborate with the compliance team on robust AML/CFT programs.
- Incident Management: Design incident response plans, manage risk events, and conduct post-incident reviews to drive continuous improvement.
- Culture & Training: Promote a strong internal risk culture by delivering training and awareness programs to employees across all departments.
Qualifications & Requirements
- Education: Bachelor’s degree in Finance, Risk Management, Business Administration, or a related field. Master’s degree or professional certifications (FRM, APRM, PRM) preferred.
- Experience: Minimum of 5–7 years in risk management, preferably within financial services. Experience in cryptocurrency or fintech sectors is highly desirable.
- CBB Approved is desired for the role.
- Domain Knowledge: Deep understanding of cryptocurrency markets, blockchain technology, associated risks, and relevant regulatory/AML frameworks.
- Framework Expertise: Proven experience developing and implementing corporate risk methodologies and controls.
- Soft Skills: Strong analytical problem-solving skills, excellent cross-functional communication, independent work ethic, and high ethical standards.
Preferred Skills
- Hands-on experience with specialized risk management software and tools.
- Proficiency in data analytics and data visualization techniques.
- Familiarity with global cybersecurity best practices.
- Arabic language proficiency is a strong asset.