Assistant Vice President - Financial Risk Analytics and Default Management (Group Risk Management)

Job Responsibilities:

• Summary to conduct technical risk analyses and produce reports to support the dissemination of risk insights across the Exchange
• Support the default management functions of clearing houses including handle default events and coordinate default drills
• Provide default management solutions for any new products and business plan which includes dealing with traders, driving test drills, etc.
• Draft risk briefing papers for weekly dissemination to senior management with foresight into emerging risk trends (e.g. sanctions, political risk, macro risk events)
• Draft detailed risk reports with various deep dive & technical scenario analyses to further the risk dialogue for:
  • Monthly Risk meetings with SFC
  • Executive Risk Committee
  • Statutory Risk Committee
  • Board Risk Committee
  • Investment Committee
• Support development on the taxonomy of top risk as part of Risk self-assessment - to re-purpose the risk register
  • Support scenario analyses around top risks
  • Establish risk appetite for each scenario
• Conduct ad-hoc analyses on an on-going basis in response to market events (both macro and idiosyncratic), examining a broad risk across and relevance to our markets and disseminate such analyses to senior management and BRC (where necessary)

Job Requirements:

• Bachelor's degree or equivalent in quantitative finance, mathematics, economics, computer science or related discipline.
• Professional risk qualification (or studying towards) would be beneficial (e.g. CFA, FRM).
• At least 7 years of experience of working in financial risk within a CCP or front office with an investment bank / market maker in equity or equity-link derivative market.
• Understanding of market, credit and liquidity risk models and principles and industry best practice.
• Ideally, the successful candidate will have experience of working within an Exchange or Clearing House and familiarity with the requirements of CPMI-IOSCO.
• Previous experience of three lines of defense model; in either a first or second line role
• Candidates with front office / default management experience will be an advantage
• Strong and confident communicator both verbally and in written form. The successful candidate will need to have strong influence across the organization and will need to communicate complex risk problems to senior management and broader audiences where required.
• Proficient with data analysis and risk modeling.
• Demonstrates sound and reasoned judgment at all times

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