Risk Manager – Futures Clearing Merchant (FCM)

Futu Holdings Limited; Hong Kong; On-site; HKD 1,200,000 - 1,800,000; Full time

Job summary

Futu Holdings Limited is hiring for an Overnight Risk Manager to monitor real-time risk exposures across client accounts and proprietary positions during U.S. overnight hours.

You will execute monitoring procedures, escalate breaches, and manage credit controls via the CME Globex GC2 platform. The role requires a Bachelor’s degree in Finance, Economics, Mathematics, or Risk Management, with 3–7 years in risk management at a clearing firm or exchange.

Qualifications

• Strong analytical and quantitative skills with attention to detail.
• Excellent communication skills and the ability to make sound decisions under pressure.
• Ability to work independently during overnight hours with minimal supervision.
• Understanding of futures contract specifications, delivery, and settlement.
• Knowledge of margin concepts and CME margin methodologies.

Responsibilities

• Monitor and manage real-time risk exposures across client accounts and positions.
• Execute overnight risk monitoring procedures and escalate breaches promptly.
• Administer and manage credit controls via CME Globex GC2 platform.
• Evaluate margin adequacy across client portfolios and collateral.
• Monitor VaR, stress tests, and portfolio vulnerabilities.
• Enforce exchange and firm position limits; escalate violations.
• Investigate limit breaches and data integrity issues.
• Execute risk escalation and forced liquidations when needed.
• Prepare overnight risk reports and summaries for senior management.

Skills

Analytical thinking

Quantitative skills

Communication skills

Overnight work capability

Independent work

Futures contract knowledge

Education

Bachelor's degree in Finance/Economics/Mathematics/Risk Management

Job description

• Monitor and manage real-time risk exposures across all client accounts and proprietary positions during U.S. overnight hours (TBD)
• Execute overnight risk monitoring procedures, identifying and escalating breaches in a timely manner
• Administer and manage credit controls via the CME Globex Credit Controls (GC2) platform, including setting and adjusting pre-execution credit limits for futures and options
• Evaluate margin adequacy across client portfolios, ensuring sufficient collateral coverage and identifying instances of under-margined accounts
• Monitor stress testing and Value-at-Risk (VaR) results to assess portfolio vulnerabilities under adverse market scenarios
• Monitor and enforce exchange-mandated and firm-specific position limits, escalating violations as appropriate
• Investigate limit breaches and anomalies that may be attributable to market data integrity issues, distinguishing between genuine risk events and data-driven false signals
• Execute risk escalation procedures, including the initiation of forced liquidations when client accounts breach established risk thresholds
• Assess margin collateral adequacy and evaluate the quality, concentration, and liquidity of posted collateral
• Anticipate potential market risk events (e.g., geopolitical developments, economic releases, expiration cycles) and proactively adjust risk parameters, credit limits, and monitoring thresholds accordingly
• Collaborate with the daytime risk team to ensure seamless handoff of risk issues, open items, and developing situations
• Prepare comprehensive overnight risk reports and incident summaries for senior management review

Requirements & Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Risk Management, or a related field
• 3–7 years of experience in risk management at an FCM, clearing firm, or exchange
• Familiarity with regulatory requirements (CFTC, NFA, CME Group rules) applicable to FCM risk operations
• Strong analytical and quantitative skills with attention to detail
• Excellent communication skills and the ability to make sound, time-sensitive decisions under pressure
• Ability to work independently during overnight hours with minimal supervision
• Futures Contract Structure: Strong understanding of futures contract specifications, delivery mechanisms, settlement procedures, and product-specific nuances across asset classes (equities, fixed income, commodities, FX)
• Futures Margin & Margin Process: In-depth knowledge of initial margin, maintenance margin, variation margin, and the end-of-day/intraday margin call process, including familiarity with margin methodologies (e.g., SPAN, CME CORE)
• Demonstrated expertise in identifying, measuring, and mitigating market and credit risk in a futures clearing environment