VP/ Director, Market Risk Management

Gravitas Recruitment Group Hong Kong

Posted 3 days ago Permanent Competitive

Director - Market Risk Management
Please carefully review the position requirements before submitting a potential candidate for consideration.
Key Responsibilities:

Work on the new product approval process from a market risk perspective, ensuring comprehensive risk assessments and alignment with regulatory and firm-wide standards
Formulate stress scenarios and quantify potential losses in trading portfolios stemming from major market shifts, leveraging stress testing or other advanced market risk analytics tools
Conduct in-depth ad-hoc PnL analysis for senior management, providing strategic insights and recommendations to inform decision-making
Oversee daily risk management of derivatives positions, including analysis of significant PnL events, VaR fluctuations, limit monitoring, and reporting; identify key risks and drive the implementation of effective mitigation strategies
Supervise juniors to design, automate, and manage the production of risk monitoring reports (daily, weekly, monthly), incorporating advanced metrics such as performance attribution, concentration analysis, stress testing, beta, and VaR calculations; ensure accuracy, timeliness, and regular review to support proactive risk oversight
Direct ad-hoc investigations into complex risk, P&L, or modeling issues, collaborating with cross-functional teams to resolve challenges and enhance risk frameworks
Foster strong partnerships with Front Office trading teams to implement and refine risk controls, promptly addressing issues such as limit breaches, gaps in monitoring, or system deficiencies to maintain robust risk governance

Requirements:

Quantitative background in Science/Mathematics/Financial Engineering/Risk Management, CFA/FRM is a plus
Strong excel and VBA/Python skills are a must; other IT skills e.g. SQL and database, are preferred
5-10 years working experience in market risk or product control function in a global investment bank or top Chinese securities house
Sound knowledge and experience in the equity/FICC derivatives products, VaR and related risk management tools
Excellent communication skills in English and Mandarin