Vice President - Cash & Derivatives Clearing Risk Management (Credit Risk)

  • Negotiable
  • Hong Kong
  • Festanstellung, Vollzeit
  • Hong Kong Exchanges and Clearing Limited
  • 22 Nov 17 2017-11-22

To organize and manage the Credit risk function of clearing risk management for exchange traded products

Job Responsibilities:

The successful incumbent is expected to:

  • Leadership in managing the counterparty risk of HKEX CCPs, in accordance with approved policies and procedures
  • Own and manage new counterparty admission policies and assessment of new counterparty suitability
  • Assess and investigate existing counterparties – develop and manage effective watchlist of high risk counterparties. Evaluate market news, SFC liaison and investigate high risk counterparties
  • Develop and manage due diligence framework for counterparty risk
  • Manage Credit Risk team
  • Co-ordinate and collaborate with HKEX Group head of Credit
  • Oversee the effectiveness of the risk monitoring systems and maintain an efficient reporting mechanism under both business as usual and contingency situations
  • communicate effectively on risk management to both internal and external stakeholders through either ad hoc or structured channels
  • manage recruitment process for new staff and integrate & train team members within overall department

Requirements:

  • University degree or equivalent preferred; preferably in Risk Management/Finance/Economics or a related subject
  • Holder of relevant professional qualification, preferably MBA, MS in Finance, FRM or CFA
  • At least 10 years' relevant experience in counterparty risk and/or fraud investigation function at a Bank, Insurance, Police, Government or Regulatory in Hong Kong or Asia.
  • Significant experience with investigations, analysis and enforcement of company practices
  • Knowledge of and experience with local and international regulatory requirements including, but not limited to, the Securities and Futures Ordinance (SFO), including its subsidiary legislation,  Basel Committee on Banking Supervision (BCBS), CPMI-IOSCO Principles for Financial Market Infrastructures (PFMIs) or European Markets Infrastructures Regulations (EMIR).  Knowledge of Mainland China financial market related regulatory requirements is an advantage
  • Excellent knowledge of securities and/or derivatives market. Experience in the Mainland China securities and derivatives markets is an advantage
  • Strong leadership with excellent business acumen who believes in teamwork and possesses positive/to-do attitude with strong people management skills
  • Strong command of written and spoken English and Chinese.  Proficiency in Putonghua is an advantage