Manager, Structured Products Risk

Futu Holdings Limited; Hong Kong; On-site; HKD 900,000 - 1,200,000; Full time

Job summary

Futu Holdings Limited in Hong Kong invites an experienced risk professional to join its Structured Products & Complex Instruments team. You will perform independent risk analyses on structured products, assess issuer credit and liquidity risk, and support risk governance in the product approval process.

We seek candidates with at least four years in product risk management, strong knowledge of structured products and OTC derivatives, and proficiency in Excel/VBA (Python a plus).

Qualifications

• Degree holder or above in Finance, Risk Management, Quantitative Finance, or related disciplines.
• Minimum 4 years of experience in product risk management, product control, or structured products risk in banking/financial institutions, preferably in private banking or wealth management
• Strong knowledge of structured products (e.g., FCN, ELN, DCI, accumulator, decumulator, range accrual) and OTC derivatives is essential
• Hands-on experience in building product risk rating models and managing approval workflows is highly preferred
• Solid knowledge across multiple asset classes (funds, bonds, derivatives, etc.) and familiar with regulatory requirements
• Strong analytical, communication, and problem-solving skills
• Agile and adaptable to a fast-paced environment
• Proficient in Excel/VBA; knowledge of Python is a plus
• Good command of written and spoken English and Chinese (including Putonghua)

Responsibilities

• Perform independent risk analysis on structured products and derivatives.
• Assess credit, liquidity, and market risks of notes and linked products.
• Monitor mark-to-market movements and greeks exposure.
• Develop risk rating models for investment products.
• Support product risk governance and onboarding reviews.
• Prepare risk reports for Senior Management and Risk Committee.
• Collaborate with compliance, legal, and operations on risk matters.

Skills

Structured products knowledge

Risk management

Excel/VBA

Python (plus)

English & Chinese

Education

Bachelor's degree in Finance or related

Tools

Excel

VBA

Python

Job description

• Structured Products & Complex Instruments
• Perform independent risk analysis on structured products (both proprietary and distributed), including payoff decomposition, pricing validation, stress testing, scenario analysis, and embedded derivative assessment.
• Assess underlying asset risk, barrier/knock-in/knock-out features, issuer credit risk, and liquidity risk of structured notes and derivative-linked products.
• Evaluate product complexity classification and investor suitability from a risk perspective.
• Monitor mark-to-market movements, greeks exposure, and potential loss scenarios on an ongoing basis.
• Conduct pre-trade and post-trade risk assessment for proprietary structured product positions.
• Design, develop, and maintain risk rating models for investment products including structured products, funds, bonds, equities, derivatives, and alternative investments.
• Build and manage the product risk rating approval workflow, including escalation criteria, approval authorities, and documentation standards.
• Serve as independent risk assessor in the product approval process, providing risk opinions on new product onboarding and existing product reviews.
• Conduct periodic re-rating and review of onboarded products to reflect changes in market conditions, issuer creditworthiness, and regulatory requirements.
• Monitor product issuers/providers' credit standing and financial health; coordinate with business teams on counterparty risk evaluation.
• Track global market developments to identify emerging risks and provide early warning to management.
• Ensure product risk activities comply with regulatory requirements (e.g., HKMA, SFC guidelines) and align with the Bank's risk appetite framework.
• Maintain and enhance internal risk policies and procedures; support audits and regulatory inspections.
• Prepare regular and ad-hoc risk reports for Senior Management and Risk Committee.
• Collaborate with business, compliance, legal, and operations on product risk matters.

Requirements

• Degree holder or above in Finance, Risk Management, Quantitative Finance, or related disciplines
• Minimum 4 years of experience in product risk management, product control, or structured products risk in banking/financial institutions, preferably in private banking or wealth management
• Strong knowledge of structured products (e.g., FCN, ELN, DCI, accumulator, decumulator, range accrual) and OTC derivatives is essential
• Hands-on experience in building product risk rating models and managing approval workflows is highly preferred
• Solid knowledge across multiple asset classes (funds, bonds, derivatives, etc.) and familiar with regulatory requirements
• Strong analytical, communication, and problem-solving skills
• Agile and adaptable to a fast-paced environment
• Proficient in Excel/VBA; knowledge of Python is a plus
• Good command of written and spoken English and Chinese (including Putonghua)