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VP, Team Lead, Quantitative Risk Management
- 1st Line Quantitative & Market Risk Model & Framework Development
- Lead and Drive New Products Projects & Initiatives from Risk
- Expanding Financial Institution with 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 high-calibre Team Leader in managing New Products and Business Initiatives from Quantitative Risk and Market Risk Management perspectives from a 1st line risk function, based in Hong Kong.
The key responsibilities for this position are as follows:
- Assist the Division Leader in managing Quantitative Risk & Market Risk Management new business and products initiatives across risk framework design, modelling methodologies, risk capture, impact analysis, quantitative analysis, pricing models and project management.
- Develop, enhance and support new product risk governance framework.
- Manage margin parameters and conduct product impact analysis.
- Develop or enhance model and stress testing framework, risk policies, procedures and controls as well as new risk systems.
- 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.
- Communicate effectively any identified model risk issues and remediation approaches.
- Liaise with and / or present to 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, ideally with a Master’s degree, CFA or FRM.
- 10 - 15 years relevant experience in quantitative risk, market risk, counterparty risk, clearing risk, model risk, and / or model development gained from a sizeable financial institution.
- Strong understanding of pricing and sensitivity analysis on derivative products.
- Broad financial markets products knowledge, equities, derivatives, futures, options, structured products.
- Team leadership experience.
- Good Projects Management skills with proven experience in Project delivery.
- Excellent communication skills with fluency in English.
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