Associate Director, Business Risk & Collateral Operations

CLSA; Hong Kong; On-site; HKD 900,000 - 1,200,000; Full time

Job summary

CLSA's Wealth Management COO Office is seeking a business risk professional to monitor and control risks across WM products, including OTC derivatives like Bond TRS, by managing margining and collateral processes and coordinating with risk, legal, and operations teams.

The role supports risk reviews, incident handling, and embeds risk considerations in workflows, contributing to cross-functional WM COO Office projects and initiatives.

Qualifications

• Degree holder with CPA/CFA; 8+ years in collateral management or risk.
• Solid knowledge of ISDA CSA, GMRA and UMR.
• Experience with OTC products (futures, options, swaps, TRS).
• Strong analytical ability to reconcile portfolios and monitor risk.

Responsibilities

• Perform daily margining under ISDA CSA/GMRA; manage margin calls and collateral movements per UMR.
• Conduct portfolio reconciliations; resolve disputes with counterparties.
• Monitor mark-to-market, P&L, exposures; escalate material risk to second-line risk teams.
• Understand Prime Brokerage margining and model calibration for linear/non-linear products.
• Prepare credit files, review credit limits, monitor credit quality.
• Lead collateral system enhancements; participate in UAT and onboarding in collateral systems.
• Attend risk incidents, business continuity planning, and cross-functional initiatives.

Skills

Tri-lingual communication

Risk analysis

Counterparty risk monitoring

Education

CPA/CFA qualification

Tools

Collateral management systems

Job description

CLSA's Wealth Management COO Office is seeking a business risk professional to monitor and control risks across WM products, including OTC derivatives like Bond TRS, by managing margining and collateral processes and coordinating with risk, legal, and operations teams.

The role supports risk reviews, incident handling, and embeds risk considerations in workflows, contributing to cross-functional WM COO Office projects and initiatives.