Job ref no.: CT3117255-01#6566

SVP, Head of Clearing Risk Management (Hong Kong)

Pathfinder

Our client is a leading global operator of exchanges and clearing houses, one of the world’s largest exchange groups by market capitalization.

They are looking for a talented individual to take the lead in managing the risk function of clearing risk management for listed and OTC products, including market, credit and liquidity risks, in accordance with approved policies and procedures.

Responsibilities:

  • Oversee the effectiveness of the risk monitoring systems and maintain an efficient reporting mechanism under both business-as-usual and contingency situations
  • Assess risk implications of new products and business initiatives and ensure proper implementation of appropriate risk management measures
  • Communicate effectively on risk management to both internal and external stakeholders
  • Assess risk implications and formulate counterparty risk policies including market, credit and liquidity risks
  • Liaise with internal and external stakeholders and contribute to the proper implementation of risk measures in accordance with approved policies and procedures
  • Enhance the risk management policies and framework to cope with developing business needs and changing regulatory requirements: the margining methodology, collateral management, default management, liquidity management and counterparty risk management
  • Review management procedures on a regular basis to ensure they remain in line with regulations and industry best practices
  • Lead, plan, direct and oversee clearing risk management projects, including policy formulation, impact analysis, clearinghouse rule updates, market communication and system testing in relation to new products and business initiatives
  • Manage recruitment process for new staff and integrate & train team members
  • Coordinate with relevant parties to ensure compliance of international standards and applicable regulations

Requirements:

  • University degree or equivalent; preferably in Risk Management/Finance/Economics or a related subject
  • Relevant professional qualifications, preferably MBA, MS in Finance, FRM or CFA
  • At least 15 years’ relevant experience in counterparty risk or collateral operations at a CCP, bank, asset manager, hedge fund or similar financial organizations
  • At least 10 years of management experience
  • Knowledge of and experience with local and international regulatory requirements including the Securities and Futures Ordinance (SFO), its subsidiary legislation, Basel Committee on Banking Supervision (BCBS), CPMI-IOSCO Principles for Financial Market Infrastructures (PFMIs), European Markets Infrastructures Regulations (EMIR), ISDA Protocols
  • Knowledge of Mainland China financial market-related regulations is ideal
  • Excellent managerial, analytical, strategic thinking, networking, interpersonal and communication skills
  • Familiarity with clearinghouse rules and risk monitoring systems; experience with global or regional CCP is an advantage
  • Relevant risk experience on Fixed Income products, Asian and mainland government bonds, corporate bonds, Repos, CNH, HKD Funding
  • Fluent English and Chinese, proficiency in Putonghua ideal

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More job information
Job ref no. CT3117255-01#6566
Salary
  • N/A
Job Function
Industry
Employment Term
  • Full-time
Experience
  • 15 years - 20 years or above
Career Level
  • Senior management level
Education
  • Degree