My client is one of the largest brokage firms from China. They are established since 1991 and is listed in the Shanghai stock exchange.
It is also ranked among the top in terms of brokerage trading volume of stocks and funds in China's securities industry.
The Singapore office was officially registered in September 2022 and obtained the Capital Markets Services License and Exempt Financial Adviser qualifications from the Monetary Authority of Singapore (MAS) in September 2023.
The Singapore office is now live and will provide brokerage and investment banking services, covering areas such as equities, fixed income, derivatives, wealth management, and corporate financing.
They are currently expanding the team and is looking to hire a Risk Manager.
Job Description:
- With the support from the Risk Management Department in Hong Kong, works as the local point person responsible for all aspects of Risk Management of the Singapore entity, including Counterparty Risk, Operational Risk, Market Risk and Credit Risk, with focus on Counterparty Risk Management and Enterprise Risk Management.
- On Enterprise Risk Management: Maintain the appropriate & effective Risk Management Framework for the local entity and promote the sound risk management culture.
- Works closely with the respective risk teams in Hong Kong to ensure Singapore entity’s risks are managed effectively in a holistic way:
- Counterparty Risk:
- Liaise with Business Unit and Legal on negotiation of OTC derivatives documentation, i.e. ISDA, CSA, GMRA, GMSLA etc.
- Participate in the analysis of Counterparty Risk, Concentration Risk and Sensitivity Risk
- Monitor and manage risk exposures at a counterparty, product and portfolio level
- Participate in collateral management tasks
- Operational Risk:
- Ensure Singapore entity’s adherence to the relevant Policies and Standards with proper risk governance, and to timely identify, escalate and manage operational risk events occurred in the entity
- Market Risk and Credit Risk:
- Ensure proper oversight and management of the entity’s Market and Credit risk by leveraging the expertise and resources of the Market Risk and Credit Risk teams in Hong Kong, and to ensure the compliance of the local regulations.
- Responsible for ad-hoc risk projects for the entity
Qualifications:
- Bachelor degree or above, majoring in Risk management, Accounting, Finance, Business Administration, or related disciplines. Holder of FRM or CFA is preferred
- 7 years of experience in Risk Management, with experience in Counterparty Risk Management in the trading setting. Experience in other risk disciplines such as Operational Risk Management and / or Market Risk will be a great plus
- Able to work independently and communicate with stakeholders such as business team, Legal/Compliance, Finance/Treasury etc. and with head office
- In-depth knowledge of Global Markets products, such as Securities, Fixed Income, Listed & OTC Derivatives and Structured Products
- Strong problem-solving, analytical and communication skills
- Strong Business awareness and understanding of OTC Derivatives trade lifecycle and message workflow
- Good command of spoken and written English and Chinese (Mandarin)
