Vice President, Counterparty Credit Risk

Mandatory Reference Checking Scheme (“MRC”) for Hong Kong

The Mandatory Reference Checking Scheme is a framework to facilitate Authorized Institutions (“AIs”) to bilaterally obtain reference information during their recruitment process for certain positions, such that misconduct information in an individual’s previous employments can be provided to AIs to inform their employment decisions.

For information related to MRC Scheme, “Frequently Asked Questions for In Scope Individuals” is published by HKAB/Industry Guidelines (https://www.hkab.org.hk/en/home) or further information will be available upon request, if it is applicable to the position(s) applied.

Country of Location:

China Hong Kong

Job Responsibilities:

• Perform regular CCR limits and portfolio monitoring and reporting. Lead the analysis and assessment on CCR exposure changes and impact.

• Review and enhance CCR-related policies, procedures and guidelines to ensure alignment with regulatory standards and a sound risk management principle

• Perform credit risk related monitoring  on bond investment in banking book on a regular basis.

• Conduct classification and investigation on counterparty credit limit breach cases and work with front office and middle office on enhancement measures.

• Oversees CVARWA and CCPRWA output. Conduct assessment of relevant fluctuations and changes.

• Prepare CCR and other risk reports for relevant committees’ review and discussion.

• Participate in projects discussions with front office to support implementation of new business, analyse the potential implications for CCR. Conduct system UAT for enhancement and new business initiatives.

• Collaborate with other support functions such as other RMG teams including those of overseas, FMG, TMO, Legal & Compliance and IT in different risk matters.

• Engage effectively with both internal and external (auditors and regulators) parties to resolve issues.

Requirements:

• Degree holder in finance, risk management, engineering, quantitative or related disciplines.

• Minimum 6 - 8 years’ market experience in most of the risk management areas such as market risk, credit risk, collateral management and operational risks.

• Solid knowledge in counterparty credit risk exposure monitoring and measurement.

• Knowledge in treasury products including fixed income, interest rate, FX, derivatives products for investment banking, commercial banking and/ or retail banking.

• Sound knowledge in statistical, quantitative analysis and derivatives pricing model and programming tools such as VBA, SQL and Python.

• Knowledge in netting agreement and collateral agreement is an advantage.

• Professional Qualification such as FRM, Certified Treasury Management Professional (CTMP) is preferred.