Market Risk Management (Manager to Senior Manager)

Job Responsibilities:

• Identify, assess, monitor and control market risk arising from foreign exchange and interest rate derivatives, structured products as well as FX spot positions in the trading book.
• Control risks associated with debt securities investments, related hedging derivatives and repo/ reverse repo transactions in both trading and banking book.
• Conduct counterparty credit risk (CCR) management for transactions entered into with corporate clients and FI counterparties of the Branch.
• Perform regular stress testing and scenario analysis on market risk and counterparty credit risk exposures.
• Support the department head in preparing monthly ALCO meeting materials.
• Assist in periodic review of risk management policies and stress testing scenarios.
• Conduct risk assessment and perform system UAT prior to the launch of new products and services.
• Lead ad hoc and new projects related to risk management in the banking industry, such as climate risk management and collateral management for loan facility in wealth management business.
• Perform other duties as assigned by supervisors or the head office.

Job Requirements:

• Bachelor’s degree in Risk Management, Statistics/Mathematics, Banking and Finance, Business, or a professional qualification such as CFA/FRM.
• A minimum of 4 years of hands-on experience in risk management within banking, securities firms, or other financial institutions.
• Good understanding of risk management mechanisms, valuation theories for financial instruments, and financial market operations related to debt securities and derivatives.
• Familiarity with requirements of HKMA SPMs, including IR-1, TA-2 and other relevant circulars related to market risk management, is a distinct advantage.
• Proficiency in Excel VBA/Macro programming, Bloomberg, or SQL is highly preferred.
• Experience with risk management system operation such as RiskMetrics, Murex and Bloomberg TOMS is considered an advantage.
• Independent, proactive, and detail-oriented work ethic, with a strong passion for learning and adopting new practices.
• Excellent communication and interpersonal skills to collaborate effectively across departments within the Branch as well as with the head office.
• Good command of English and Chinese; fluency in Mandarin is an added advantage.
• Holder of the HKMA Enhanced Competency Framework (ECF-TM) qualification are preferable.
• Candidate with less experience may be considered for the position of Assistant Manager.