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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.

Information provided is for recruitment purposes only.

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