Director, Risk Quantitative Analyst

Gravitas Recruitment Group Hong Kong; Hong Kong; On-site; HKD 1,200,000 - 1,800,000; Full time

Job summary

Gravitas Recruitment Group Hong Kong is seeking a Director, Risk Quantitative Analyst to lead the development and management of credit risk models within a financial organisation in Hong Kong. The role focuses on monitoring counterparty risk, regulatory compliance, and strengthening quantitative risk analytics across the firm.

The candidate will oversee model lifecycle, collaborate with validation and IT, and drive risk measurement systems, including SIMM, CVA and stress testing, while leading a

Qualifications

• Master's degree or above in Finance, Economics, Mathematics or related discipline.
• Minimum of 5 years of relevant credit risk quantitative management experience in a financial institution.
• Strong understanding of credit risk models (PFE, CVA, SIMM) and regulatory frameworks.

Responsibilities

• Lead quantitative development and research for credit risk models and support risk teams.
• Oversee lifecycle of credit risk models including development, calibration and back-testing.
• Collaborate with validation and IT to develop risk measurement systems.
• Monitor the SIMM framework and advise on methodology updates.
• Design counterparty risk measurement models (PFE, EAD, CVA, WWR) and stress testing.
• Develop risk policies, controls and governance for effective implementation.

Skills

Credit risk modeling

Quantitative analysis

Team leadership

Regulatory knowledge

English and Chinese fluency

Education

Master's degree or above in Finance/Economics/Math

Tools

PFE

CVA

SIMM

Job description

Director, Risk Quantitative Analyst

The Director, Risk Quantitative Analyst role involves leading the development and management of risk analytical models within a financial organisation in Hong Kong. This position plays a critical part in monitoring and measuring counterparty credit risk across the firm, ensuring compliance with regulatory standards and enhancing risk practices.

The organisation values expertise in credit risk models and aims to strengthen its quantitative risk analytics capabilities through this leadership role.

Role Overview

The Director, Risk Quantitative Analyst reports to senior management and oversees the credit risk quantitative team. The scope includes overseeing the lifecycle of credit risk models, performing continuous model monitoring, and collaborating with validation and IT teams to develop risk measurement systems. Success is measured by the robustness of risk models, effective risk assessment, and alignment with the firm's risk profile.

Key Skills & Experience

• Lead quantitative development and research for credit risk models and support credit risk teams
• Manage credit risk model lifecycle, including development, implementation, calibration, and back-testing
• Collaborate with the model validation team for review processes
• Perform continuous monitoring of the UMR initial margin model (SIMM) and support methodology updates
• Design methodologies for counterparty risk management and develop related measurement models (PFE, EAD, CVA, Wrong-Way Risk)
• Build frameworks for counterparty risk exposure measurement and stress-testing
• Develop credit risk policies, procedures, and controls for effective implementation
• Provide quantitative support on counterparty risk, SIMM, CVA, and credit capital across functions
• Work with IT teams on system architecture and platform development
• Lead and develop a Credit Risk Quant team to support risk analytics capabilities

Requirements

• Master's degree or above in Finance, Economics, Mathematics, or related discipline
• Minimum of 5 years of relevant credit risk quantitative management experience within an investment bank or financial institution
• Strong understanding of financial markets and products, with hands-on experience in PFE, CVA, and SIMM models
• Solid knowledge of regulatory frameworks and credit risk model risk management
• Proficiency in quantitative analysis, risk modelling, and statistical techniques
• Strong problem‑solving skills and ability to assess complex counterparty risks
• Proven leadership and team management capabilities
• Effective communication skills in both English and Chinese
• Professional certifications such as FRM, CFA, or CQF are preferred

This position is a 2-week assignment located onsite in Hong Kong, starting from 05/08/2026. The role is permanent within the Asia region.

Required Skills & Experience

• HKARC – Securities

Working Environment

• Onsite