Manager, Product Risk Management

Key Responsibilities

Risk Rating Model & Approval Framework

• Design, develop, and maintain risk rating models for investment products including structured products, funds, bonds, equities, derivatives, and alternative investments.

• Build and manage the product risk rating approval workflow, including escalation criteria, approval authorities, and documentation standards.

• Serve as independent risk assessor in the product approval process, providing risk opinions on new product onboarding and existing product reviews.

Ongoing Product Risk Monitoring

• Conduct periodic re-rating and review of onboarded products to reflect changes in market conditions, issuer creditworthiness, and regulatory requirements.

• Monitor product issuers/providers' credit standing and financial health; coordinate with business teams on counterparty risk evaluation.

• Track global market developments to identify emerging risks and provide early warning to management.

Structured Products & Complex Instruments

• Perform independent risk analysis on structured products, including payoff decomposition, stress testing, scenario analysis, and embedded derivative assessment.

• Evaluate product complexity classification and investor suitability from a risk perspective.

Compliance, Reporting & Collaboration

• Ensure product risk activities comply with regulatory requirements (e.g., HKMA, SFC guidelines).

• Maintain and enhance internal risk policies and procedures; support audits and regulatory inspections.

• Prepare regular and ad-hoc risk reports for Senior Management and Risk Committee.

• Collaborate with business, compliance, legal, and operations on product risk matters.

System & AI Enhancement

• Leverage AI tools and data analytics to enhance risk models, automate monitoring, and improve workflow efficiency.

• Participate in system enhancement projects related to product risk platforms.

Requirements

• Degree holder or above in Finance, Risk Management, Quantitative Finance, or related disciplines

• FRM and/or CFA holder strongly preferred

• Minimum 4 years of experience in product risk management, product control, or product due diligence in banking/financial institutions, preferably in private banking or wealth management

• Hands-on experience in building product risk rating models and managing approval workflows is highly preferred

• Solid knowledge across multiple asset classes (structured products, funds, bonds, derivatives, etc.) and familiar with regulatory requirements

• Strong analytical, communication, and problem-solving skills

• Agile and adaptable to a fast-paced environment

• Proficient in Excel/VBA, and AI tools; prior experience in system enhancement projects is a plus

• Good command of written and spoken English and Chinese (including Putonghua)