Risk Director

HashKey Group; Hong Kong; On-site; HKD 1,800,000 - 3,200,000; Full time

Job summary

HashKey Capital is seeking a seasoned Risk Director to lead the end-to-end risk control framework across investment strategies and drive regulatory approvals under SFC oversight. This role requires deep front-line market risk experience across public funds, private funds, and structured products.

You will oversee real-time risk parameters, liquidity buffers, and counterparty exposure while spearheading fund applications and compliance workflows for various fund vehicles.

Qualifications

• 10+ years of combined experience across risk management and compliance in regulated asset management environments or tier-1 financial institutions.
• 6+ years of direct public fund/ETF risk experience with front-line risk management and ETF authorization/compliance track record.
• Hands-on competence across multiple vehicle types including public mutual funds/ETFs, private hedge funds, DMA strategies, and structured derivatives.

Responsibilities

• Formulate and manage front-line product risk controls for daily flows and liquidity.
• Oversee leverage, concentration limits, drawdown triggers, and de-risking protocols.
• Design risk models and stress-testing for non-linear payoffs and derivatives.
• Lead public fund applications under the SFC UT Code and coordinate regulator engagements.
• Interpret and apply SFC codes, circulars on virtual assets and FMCC/Type 9 crypto rules.
• Draft and maintain KFS, offering circulars, constitutive documents and post-authorization notices.
• Engage with regulators, trustees, and custodians on risk, structuring and compliance matters.

Skills

Risk management

Regulatory compliance

SFC rules

Communication

Bilingual ENG/CN

Education

Bachelor’s degree or above

FRM/CFA preferred

Job description

HashKey Capital is seeking a highly experienced and commercially grounded Risk Director to lead the end-to-end product risk control framework across our full spectrum of investment strategies, while spearheading the end-to-end regulatory compliance and authorization workflows for our various fund vehicles.

This role requires a multi-asset risk leader ideally with deep, front-line market risk control experience spanning public funds (such as digital asset ETFs), private funds (liquid hedge funds/DMA strategies), and structured products. In parallel, the position demands comprehensive, senior-level regulatory acumen regarding Hong Kong Securities and Futures Commission (SFC) rules governing public collective investment schemes.

You will act as both a vigilant gatekeeper and a practical enabler: overseeing real-time product risk parameters, liquidity buffers, and counterparty exposure across private and structured mandates, while driving public fund applications, regulatory approvals, and ongoing compliance under strict SFC oversight.

Key Responsibilities

• Formulate and manage front-line product risk controls, including daily creation/redemption flows, in-kind/cash basket integrity, premium/discount spread volatility, tracking error thresholds, and market maker quoting obligations.
• Supervise leverage utilization, portfolio concentration limits, drawdown triggers, short exposure, dynamic de-risking protocols, and liquidity terms for open-end private hedge funds.
• Design risk assessment models and stress-testing protocols for non-linear payoffs, derivative overlays (options, synthetic replication, basis arbitrage), barrier breach probabilities, and tail-risk event mitigation.
• Spearhead the preparation, submission, and regulatory defense of new public fund applications under the SFC Code on Unit Trusts and Mutual Funds (UT Code), proactively anticipating and addressing regulator concerns
• Serve as the internal authority on the interpretation and practical implementation of SFC regulatory codes, circulars on virtual asset public funds/ETFs, the Fund Manager Code of Conduct (FMCC), and SFO Type 9 virtual asset conditions.
• Oversee the drafting, technical compliance, and ongoing updates of Product Key Facts Statements (KFS), offering circulars, constitutive documents, and post-authorization notifications.
• Participate in direct engagements with the regulatory counterparties, trustees, custodians, on all product risk, structuring, and compliance matters.

Job Requirements

• Bachelor's degree or above in Finance, Risk Management, Law, Quantitative Finance, or a related discipline. FRM, CFA, or formal legal/compliance certifications are strongly preferred.
• 10+ years of combined experience across risk management and compliance within regulated asset management environments or tier-1 financial institutions.
• 6+ years of direct public fund/ETF risk experience. Verifiable track record in managing front-line product risk and steering public ETF authorization/compliance processes.
• Demonstrated hands-on competence managing risk across multiple vehicle types - spanning public mutual funds/ETFs, private hedge funds, direct market access (DMA) strategies, and structured derivative products. Practical understanding of digital asset market microstructure would be a plus.
• Familiarity with Hong Kong Open-ended Fund Companies (OFC), close-ended funds, unit trust deeds, offshore private structures (e.g., Cayman SPCs), and HKEX listing mechanisms.
• Exceptional communication and presentation skills in English and Chinese; proven ability to liaise credibly with regulatory case officers and internal portfolio managers alike.