Associate-Vice President, Risk Management

Shenwan Hongyuan (International) Holdings Limited; Hong Kong; On-site; HKD 900,000 - 1,800,000; Full time

Job summary

Shenwan Hongyuan (International) Holdings Limited seeks a risk professional to oversee market and counterparty risk in OTC derivatives, including options and equity swaps. You will monitor risk, validate models, and prepare independent reports on strategies and clients.

You will also help improve systems and controls, verify margins, and support the SFC-11 license application with regulatory data requirements, using strong Excel/VBA/Python skills and fluent Chinese/English communication.

Qualifications

• Bachelor's degree or above, with priority to financial engineering, finance, math, statistics, accounting, computer science or related fields.
• At least 2 years (VP: 5 years) of relevant work experience in overseas securities and financial institutions; familiar with derivatives risk management, valuation models, VaR and related risk management knowledge.
• Familiar with derivative valuation models (option pricing, Greeks, swap valuation), VaR, stress testing, scenario analysis, and other risk measurement methods; knowledge of counterparty credit risk management.
• Solid Excel/VBA/Python skills; able to independently complete risk measurement, data analysis and automated report development.
• Strong logical thinking, meticulous, independent judgment and critical thinking.
• Strong teamwork, communication and organizational skills; proactive and resilient under stress.
• Strong sense of responsibility, risk control awareness and professional ethics.
• Good written and oral communication in Chinese and English.

Responsibilities

• Identify, assess, measure, monitor and provide early warning of market risk, counterparty credit risk, and liquidity risk in OTC derivatives such as options and equity swaps.
• Manage counterparty risk including access, credit assessment, margin verification, concentration monitoring and ISDA/CSA risk controls.
• Issue independent reports on derivatives strategies, plans, and new clients; provide risk assessment opinions and participate in business access review.
• Assist in formulating and improving systems, procedures and processes for derivatives business and ensure alignment with group HQ systems.
• Assist in evaluating financial models, provide opinions on strategy and valuation models, and perform backtesting and recalculation.
• Support preparation for SFC-11 license application and regulatory data requirements like HKTR reporting.
• Complete other tasks as assigned.

Skills

Derivatives risk

VaR

Python

Excel VBA

Education

Bachelor's degree or above in Finance/Math/CS

Tools

Excel

VBA

Python

Job description

Job Responsibilities:

(1) Responsible for the identification, assessment, measurement, monitoring, and early warning of market risk, counterparty credit risk, and liquidity risk in OTC derivatives business such as OTC options and equity swaps; implementing risk limits and over-limit handling mechanisms.

(2) Responsible for counterparty risk management, including counterparty access and credit assessment, measurement and verification of initial and variable margins, concentration monitoring, and implementation of risk control clauses under ISDA/CSA.

(3) Issuing independent reports on derivatives business strategies, plans, new products, and new clients. (3) Provide risk assessment opinions and participate in business access review;

(4) Assist in the formulation and continuous improvement of relevant systems, procedures, and processes for derivatives business, and ensure their alignment with the group headquarters' systems;

(5) Assist in the evaluation and verification of financial models, provide evaluation opinions on strategy models and valuation models submitted by business departments, and conduct regular backtesting and independent recalculation;

(6) Support the preparation for the application for SFC-11 license and cooperate in implementing regulatory data requirements such as HKTR over-the-counter derivatives transaction reporting;

(7) Complete other tasks assigned by superiors.

Job Requirements:

(1) Bachelor's degree or above, with priority given to candidates majoring in financial engineering, finance, mathematics, statistics, accounting, computer science, or related fields.

(2) At least 2 years (VP: 5 years) of relevant work experience in overseas securities and financial institutions, familiar with derivatives business risk management practices, including but not limited to derivatives valuation models, VaR, and related risk management knowledge. Priority will be given to candidates with experience in over-the-counter derivatives (options, equity swaps, etc.) market risk or counterparty risk management, margin and collateral management, model verification, etc. (3) Familiar with derivative valuation models (option pricing, Greeks, swap valuation), VaR, stress testing, scenario analysis, and other risk measurement methods, as well as knowledge of counterparty credit risk management;

(4) Possess solid Excel/VBA/Python skills, capable of independently completing risk measurement, data analysis, and automated report development;

(5) Strong logical thinking ability, meticulous and rigorous, capable of deep thinking, and possessing independent judgment and critical thinking skills;

(6) Possess strong teamwork, communication, and organizational skills, proactive work attitude, and strong stress resistance;

(7) Strong sense of responsibility, down-to-earth and steady, possessing good risk control awareness and professional ethics;

(8) Good written and oral communication skills in both Chinese and English.

Bonus points: Experience in preparing for SFC-11 license application or responding to overseas regulatory inquiries and inspections; understanding of Hong Kong's OTC derivatives regulatory system (including HKTR transaction reporting, margin and collateral management requirements); holding FRM, CFA, or other qualifications; experience in quantitative modeling or model validation.