Senior Quant Risk Analyst: Counterparty Models & SIMM/CVA

CICC; Hong Kong; On-site; HKD 900,000 - 1,800,000; Full time

Job summary

CICC in Hong Kong is seeking a highly analytical Risk Quantitative Analyst to develop, implement and maintain risk models focusing on counterparty credit risk (SIMM, CVA, PFE). You will lead quantitative development for credit risk, lifecycle management and model validation collaboration.

This role requires a Master’s or higher in finance/economics/math, 5+ years in credit risk, strong communication in English and Chinese, and exposure to risk analytics, stress testing and margining.

Qualifications

• Master's degree or above in finance, economics, mathematics, or a related field.
• 5+ years of credit risk quantitative experience in an investment bank or financial institution.
• Strong understanding of credit risk models (PFE, CVA, SIMM) and risk management
• Knowledge of regulatory frameworks for credit risk and model risk management
• Proficient in quantitative analysis, risk modeling, and statistical tools
• Excellent analytical, problem-solving, and communication skills in English and Chinese
• FRM, CFA, or CQF certifications are desirable

Responsibilities

• Lead quantitative development and research for credit risk models with credit risk teams
• Manage model lifecycle: development, implementation, calibration, back-testing
• Collaborate with model validation for independent reviews of credit risk models
• Monitor SIMM and related margins; update methodologies to fit risk profile
• Design quantitative methods for counterparty risk measurement (PFE, EAD, CVA, WWR)
• Develop exposure measurement and stress-testing framework for margining
• Maintain credit risk quant policies, procedures and controls
• Provide quantitative support on counterparty risk, SIMM, CVA and credit capital
• Work with IT to implement exposure measurement in systems and design architecture
• Build a robust credit risk quant team for firm-wide analytics

Skills

Credit risk modelling

PFE

CVA

SIMM

Quantitative analysis

Risk management

Leadership

Communication skills

Education

Master's degree in finance/economics/mathematics

Job description

CICC in Hong Kong is seeking a highly analytical Risk Quantitative Analyst to develop, implement and maintain risk models focusing on counterparty credit risk (SIMM, CVA, PFE). You will lead quantitative development for credit risk, lifecycle management and model validation collaboration.

This role requires a Master’s or higher in finance/economics/math, 5+ years in credit risk, strong communication in English and Chinese, and exposure to risk analytics, stress testing and margining.