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AVP/ VP, Market & Quantitative Risk Management
- 1st Line Risk Model & Framework Development
- Mix of Technical and Projects Responsibilities
- Expanding Financial Institutionwith Decision-making in Hong Kong
Our client is a fast-expanding Financial Institution with a solid focus in developing the Asia Financial Markets businesses. As part of strategic growth, the group is seeking a number of high-calibre Market Risk and Quantitative Risk Management professionals to join the Business in a 1st line function, based in Hong Kong.
The key responsibilities for this position are as follows:
- Assist the Leader in Market & Quantitative Risk Management across risk modelling, quantitative analysis, programming, pricing models and project management.
- Perform market risk monitoring and market risk analysis for the cash equity and derivatives market.
- Manage margin parameters and conduct product impact analysis.
- Develop or enhance model and stress testing framework, risk policies, procedures and controls.
- Develop market risk analytical tools, processes and tools for test automation.
- Create test cases to test the risk calculation engines and conduct results validations.
- Work closely with 2nd line of defence risk management teams to formulate risk proposals, support model enhancement activities for market and quantitative risk monitoring and model risk control.
- Lead or participate in risk management projects, system changes, user acceptance testing and documentation.
- Communicate effectively any identified model risk issues and remediation approaches.
- Liaise with internal risk management teams and regulators on new risk initiatives.
- Promote risk awareness and best practices across the local and regional teams.
Successful applicants will have the following skills and experience:
- Degree qualified in quantitative finance, risk management, mathematics, engineering, computer science.
- VP requires 8 – 10 years / AVP requires 5 – 7 years relevant experience in quantitative risk, market risk, counterparty risk, clearing risk, model risk, and / or model development.
- Strong understanding of pricing and sensitivity analysis on derivative products.
- Broad financial markets products knowledge, equities, derivatives, futures, options, structured products.
- Proficient with Excel, VBA, Python, Java, Matlab and / or SQL.
- Excellent communication skills with fluency in English.
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