Risk Management (Associate / Senior Associate)

Job Description

Reporting to the Chief Risk Officer, we are currently looking for a risk professional with CCP Clearing Risk experience to join the Risk Management Department.

Key Duties and Responsibilities

To perform effective and comprehensive management of APEX’s clearing risks in accordance to approved Risk policies.

Review and update risk policies and procedures to reflect IOSCO-PFMI guidelines, regulatory requirements and direction of the Board Risk Committees.

Lead new initiatives such as enhancements to policies, procedures, reports, systems to support new products or risk projects.

Identify new opportunities and/or gaps to improve data quality and existing reporting processes.

To perform night shift duties such as end of day margin call verification, calculation of special margins and delivery margins and seeking Management Approval when necessary to impose above margins.

Performing end of day stress test reports, back test reports, liquidity reports, bank counterparty and Guaranty Fund reports.

Performing upload of SPAN files onto APEX and CME websites.

Develop / validate appropriate risk models such as for margining, haircut, settlement pricing, stress testing for APEX Clear.

Perform credit scoring to rate APEX’s members and counterparties.

Review and test APEX’s contingency plans, including default management and recovery plans to ensure smooth operability.

Other duties as assigned by Team Lead and Chief Risk Officer from time to time.

Requirements:

• University degree and above in a numerate discipline with at least 6 to 8 years of experience managing the risks of a clearing house.
• Good understanding of financial products such as futures and options
• Strong knowledge of risk models and methodologies
• Strong quantitative skills, preferably with working knowledge of programming languages / software such as Python, R, Matlab, Excel, VBA
• Motivated and able to produce quality work under pressure
• Strong analytical ability to analyse risk related issues and deal with complexity and ambiguity.
• Strong communicator with oral, written and presentation abilities in English and Mandarin (to liaise with Chinese-speaking counterparties)
• Good communication and interpersonal skills, positive team player
• Professional qualifications like CFA, FRM will be considered favourably