Market & Counterparty Risk Manager

Fung One Securities Limited; Hong Kong; On-site; HKD 900,000 - 1,200,000; Full time

Job summary

Fung One Securities Limited is seeking a Risk Management professional in Hong Kong to oversee credit risk assessment, market risk measurement, limit monitoring, margin framework management, product governance, and regulatory compliance within a financial services environment.

The role requires a Bachelor's degree or higher in a relevant field and at least 3 years of risk management experience on derivatives or trading desks.

Qualifications

• Bachelor's degree or above in Financial Engineering, Mathematics, Statistics, Computer Science, or Finance; Master's degree is a plus
• Minimum 3 years of risk management experience in derivatives or trading desks within a licensed corporation or securities firm
• Deep understanding of VaR/ES, stress testing, PFE, and option pricing models
• CFA, FRM, or PRM certification is a strong advantage
• Strong independent judgment, ability to work under pressure, and excellent communication skills to articulate risk matters to trading desks and management
• Fluent in written and spoken English and Chinese (Mandarin)

Responsibilities

• Conduct credit assessments for clients and counterparties; monitor risk limits, Potential Future Exposure (PFE), and collateral coverage
• Quantify portfolio risk sensitivities (Greeks), Value at Risk (VaR), Expected Shortfall (ES), and perform regular stress testing
• Track trading limits and portfolio concentrations daily; identify and elevate limit breaches or unusual trading activities
• Review and update initial margin models, haircut parameters, financing rates, and conduct periodic model back-testing
• Review risk profiles for new products and business lines (NPA process) and provide independent risk assessments
• Support regulatory reporting and stress-testing submissions in compliance with HKMA/SFC requirements (such as FRR)

Skills

Risk management

Communication

CFA/FRM/PRM

Education

Bachelor's degree in Financial Engineering/Math/Statistics/CS/Finance

Master's degree

Job description

This is a Risk Management role responsible for credit risk assessment, market risk measurement, limit monitoring, margin framework management, product governance, and regulatory compliance within a financial services environment.

Key responsibilities

Conduct credit assessments for clients and counterparties; monitor risk limits, Potential Future Exposure (PFE), and collateral coverage

Quantify portfolio risk sensitivities (Greeks), Value at Risk (VaR), Expected Shortfall (ES), and perform regular stress testing

Track trading limits and portfolio concentrations daily; identify and elevate limit breaches or unusual trading activities

Review and update initial margin models, haircut parameters, financing rates, and conduct periodic model back-testing

Review risk profiles for new products and business lines (NPA process) and provide independent risk assessments

Support regulatory reporting and stress-testing submissions in compliance with HKMA/SFC requirements (such as FRR)

About you

Bachelor's degree or above in Financial Engineering, Mathematics, Statistics, Computer Science, or Finance; Master's degree is a plus

Minimum 3 years of risk management experience in derivatives or trading desks within a licensed corporation or securities firm

Deep understanding of VaR/ES, stress testing, PFE (Potential Future Exposure), and option pricing models

CFA, FRM, or PRM certification is a strong advantage

Strong independent judgment, ability to work under pressure, and excellent communication skills to articulate risk matters to trading desks and management

Fluent in written and spoken English and Chinese (Mandarin)