Risk Manager, CDNA – Risk and Operations

Jobtailor; Hong Kong; On-site; HKD 800,000 - 1,100,000; Full time

Job summary

Jobtailor is seeking a senior clearing risk professional to oversee risk coverage across Asia/Europe hours, including exposure monitoring and margin pricing accuracy. The role requires experience with CCPs, strong regulatory knowledge, and expert quantitative skills in Python/SQL.

You will lead default management, stress testing, and risk governance while coordinating with senior leadership, regulators, and clearing members to ensure robust risk controls.

Qualifications

• 5 to 10+ years in clearinghouse risk, default management, or related operations.
• Experience with a CCP is a strong plus.
• Degree or higher in a quantitative discipline.
• CFA and FRM are advantageous qualifications.
• Proficiency in Python and SQL; strong knowledge of derivatives.
• Familiarity with CFTC, NFA, and SEC regulations for clearinghouses.

Responsibilities

• Provide primary risk coverage during Asia/Europe hours and monitor exposures.
• Escalate breaches and abnormal activity to senior management.
• Oversee end-of-day settlement pricing for margin calculations.
• Oversee client onboarding risk and ongoing market/credit/liquidity risk.
• Run operational risk controls for the clearing house and collateral rules.
• Calibrate stress testing and reverse stress testing of member portfolios.
• Support default management drills and reporting to regulators.
• Design risk monitoring requirements and daily risk packs for management.
• Respond to regulatory requests and audits by CFTC/NFA/SEC.
• Drive product design from clearing risk perspective and cross-margining.

Skills

Clearing risk mgmt

Operational risk controls

Default management

Python proficiency

SQL proficiency

Regulatory compliance

Cross-asset risk

Pricing & valuation

Futures & derivatives

Education

Quantitative degree

CFA

FRM

Tools

Python

SQL

Job description

• Provide primary risk coverage during Asian and European hours, monitoring clearing member exposures and margin adequacy in real time
• Escalate breaches, abnormal activity, and position spikes to senior management
• Oversee end-of-day settlement pricing processes and ensure accuracy of cross-asset pricing data for margin calculations and default management
• Oversee risk components of client onboarding and ongoing market, credit, and liquidity risk monitoring
• Run operational risk controls for the clearing house, including guaranty fund and financial resource sufficiency, collateral eligibility and haircuts, clearing member position limits, and reportable thresholds
• Calibrate and execute stress testing and reverse stress testing of clearing member portfolios
• Support default management drills and associated reporting
• Design business requirements for clearing risk monitoring, including the daily risk pack for management
• Manage and respond to regulatory requests, routine audits, and inquiries from governing bodies such as CFTC, NFA, and SEC
• Drive new product listing and product design from a clearing perspective, ensuring appropriate risk controls and cross-margining efficiencies
• Lead design and implementation of margin models, default management, and liquidation strategies for the Clearing House
• Step in during operational issues with clearing members
• Perform quantitative research to evaluate default management procedures and systemic risk exposure

Requirements

• 5 to 10+ years of relevant working experience in clearinghouse risk, default management, operations, or a related field
• Experience with a CCP is a strong plus
• Degree or above in a quantitative discipline
• Professional qualifications such as CFA and FRM are an added advantage
• Proficiency in Python and SQL
• Strong understanding of equities, commodity products, futures, perpetuals, and other derivatives
• Knowledge of pricing, valuation, funding rates, and cross-asset risk correlation
• Understanding of margin concepts, liquidations, Default Management frameworks, and direct trading experience
• Familiarity with CFTC, NFA, and SEC regulations as they apply to clearinghouses and DCO rules is a strong plus
• Good organizational and interpersonal skills
• Ability to think critically and strive for continuous improvement
• Deep familiarity with clearing house rulebooks, policies, and submission procedures required to maintain operational compliance and risk governance
• Track record of making decisive operational risk calls with limited support during off-hours incidents and documenting them clearly
• Excellent written and verbal communication skills, including the ability to summarize detailed risk metrics for senior leadership, clearing members, and regulators

Core Competencies

Demonstrates expertise in clearinghouse risk management, default management, and operational risk controls, with proficiency in Python and SQL for quantitative analysis. Strong understanding of regulatory compliance and risk governance frameworks, alongside excellent communication skills for reporting to senior leadership and regulators.

Highest-signal resume keywords

• Clearinghouse Risk Management
• Default Management
• Operational Risk Controls
• Python Proficiency
• SQL Proficiency

Hard Skills

• Quantitative Analysis
• Margin Concepts
• Stress Testing
• Cross-Asset Risk Correlation
• Pricing and Valuation
• Liquidation Strategies
• Operational Compliance
• Risk Governance
• Client Onboarding
• Financial Resource Sufficiency

Soft Skills

• Organizational Skills
• Interpersonal Skills
• Critical Thinking
• Continuous Improvement
• Communication Skills

Certifications & Qualifications

• CFA
• FRM

Industry Keywords

• CFTC
• NFA
• SEC
• Clearing Member
• Default Management Frameworks
• Derivatives
• Equities
• Commodity Products
• Futures
• Perpetuals