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Associate - Group Risk Management (Group Quantitative Risk)

Hong Kong Exchanges and Clearing Limited
Hong Kong
Posted 2 days ago Permanent Competitive
Associate - Group Risk Management (Group Quantitative Risk)
Job Responsibilities:
  • Perform independent validations on models used across the HKEX and properly document the validation work
  • Provide effective challenges to key modelling elements including model assumptions, limitations, inputs, outputs, methodology, implementation, monitoring and control, etc.
  • Ensure any identified model risk issues are effectively communicated with model stakeholders and appropriately remediated
  • Work with model developers and key stakeholders on model ongoing monitoring and improvement
  • Assist in develop, implement and enhance the model risk management policies, standards, procedures, controls and the model inventory management system
  • Oversee and ensure the adherence to model risk policies and regulatory guidance across all business lines, including model identification/attestation, model development, model risk rating, ongoing monitoring, control environment and reporting
  • Build strong working relationships with key partners across the HKEX, including 1st and 3rd line of risk defense


Job Requirements:
  • Master's degree or equivalence in quantitative finance, mathematics, economics, computer science or related discipline.
  • Professional risk qualification (or studying towards) would be beneficial (e.g. CFA, FRM).
  • 1-5 years of experience in model validation, model development, model risk audit or quantitative research
  • Experience with developing or validating risk models (i.e. market risk, credit risk and liquidity risk models), initial margin models and stress testing models is strongly preferred
  • Hands-on experience with model governance framework is strongly preferred
  • Relevant working experience in an Exchange or Clearing House and familiarity with the requirements of CPMI-IOSCO is strongly preferred
  • Understanding of the latest regulatory standards and industry practice for model risk management
  • Familiarity with equity derivatives is preferred.
  • Strong and confident communicator both verbally and in written form.
  • Good judgment and clear decision-making ability.
  • Proficient with Excel, VBA and preferably the ability to work with programming languages such as Python and SQL.
  • Strong quantitative risk skills
  • Strong interpersonal skills.
  • Ability to confidently consider options and develop risk mitigations.
  • Familiarity and knowledge of regulatory environment of CCPs in both HK and Europe is preferable.
  • Demonstrates sound and reasoned judgment at all times
Job ID  IRC18662
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