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
