Collateral Risk Management Team oversees the management of risks relating to collateral received in connection with BoS client’s borrowing and trading activities. The team’s objective is to manage risk efficiently and effectively so as to protect the bank’s financial returns and sustain business growth. The team has two functions: Methodology and Analytics function focuses on the development of quantitative model, approach and methods to apply for evaluation of collateral risk and the formulation of risk parameters and policy framework. Operationalisation and Monitoring function focuses on the implementation of the relevant policy and operating procedure, ongoing monitoring, timely action taking and day-to-day business support.
This job opening is with Methodology and Analytics function area of collateral risk management.
Roles and Responsibilities:
- Develop and maintain the bank’s collateral lending and derivatives margining methodology. Perform regular review and analysis to ensure that the models are in line with the bank’s risk policy and are appropriate under the evolving market conditions.
- Discover and diagnose methodology related issues including input data, assumption, concept, computation, system implementation process and thus design and propose model refinement and enhancement
- Carry out periodical risk calibrations, back testing, benchmarking. Respond to queries and challenges from independent model validators, internal or external auditors to ensure the soundness and correct application of the models.
- Support new products and businesses. Conduct research to develop risk management approaches, tools, and analytics to help widen business coverage and product scope.
- Work with Risk Managers and developers on the design and development of risk management systems and infrastructure.
Requirements:
- At least 7 years of relevant experience in risk analytics
- Good university degree in a quantitative discipline (e.g. Mathematics, Statistics, Financial Engineering etc.) with a strong ability of handling data and performing quantitative analysis.
- Advanced knowledge of key products of capital markets. Understand the main risk drivers and factors. Familiar with valuation of the financial instruments and derivatives.
- Analytical and independent thinker with good written and verbal communication skills especially in explaining complex technical subjects in a simple/pragmatic manner to business and senior management.
- Strong curiosity of the field, proactively seeking opportunity of learning and progress.
- Strong team player with good communication, interpersonal and organizational skills
