Job No.: 498604 Employment Type: Full time Departments: Financial Markets Management Job Functions: Investment Management, Product Development & Management
Assist business units (trading book and banking book) to take the lead of the derivative models life cycle in treasury systems, which covers multiple asset classes e.g. FX, Interest Rate, Equity and Credit Derivatives.
Act as model owner which involves the following tasks:
Drive the implementation of derivative models on 3rd party treasury systems (e.g. Murex, Bloomberg) based on business units proposal.
Conduct model testing for any model changes or implementations by vendors
Participate in model validation process which is conducted by independent parties
Submit models for internal approvals
Assess model risk regularly
Conduct model backtesting
Liaise with back office departments such as Risk Management, Finance on the proposed derivative models in treasury systems
Draft and maintain relevant model documents, policy and procedures
Lead the junior staff to accomplish the model owner’s duty
Bachelor Degree or above in engineering, mathematics, statistics, physics, or other quantitative subjects
At least 5 years related experiences in banking or similar industry
Knowledge of financial market derivatives products
Strong knowledge of derivative models in valuation / risk sensitivities
Strong analytical mind
Willing to take ownership of his/her work
Good command in spoken and written English and Chinese, including Putonghua
We offer competitive remuneration package and comprehensive fringe benefits including medical and life insurance, and different types of allowances to the right candidate. Interested parties, please submit your application online. For details, please visit our website http://www.bochk.com
Data collected would be used for recruitment purposes only. It might also be disclosed to our subsidiaries or Associated Companies to process the information for appointment. Applicants who do not hear from us within 8 weeks may consider their application unsuccessful and their data will be destroyed within 12 months of receipt.