Temp Manager (1-year) - Intermediaries (Basel Capital and Risk Models Team)

Securities and Futures Commission; Hong Kong; On-site; HKD 900,000 - 1,300,000; Full time

Job summary

The Securities and Futures Commission is seeking an experienced professional in model validation and model risk management to support Basel Capital and Risk Models for Intermediaries. The appointee will review internal market risk models for regulatory capital and initial margin models for OTC derivatives, including SIMM, ensuring robust validation, governance, and remediation actions.

Ideal candidates will have 5+ years of experience, strong Basel knowledge, and a degree in a quantitative

Qualifications

• Requires 5+ years in model validation and model risk management of market risk models and/or initial margin models.
• Strong knowledge of Basel requirements for market risk internal models (VaR, SVaR, IRC) and OTC derivatives margin.
• Degree in a quantitative field; high integrity and responsibility.

Responsibilities

• Review and assess applications from licensed corporations for internal market risk model usage.
• Review initial margin models for OTC derivatives, including SIMM.
• Evaluate validation frameworks, back-testing, stress testing, and governance.

Skills

Model validation

Basel requirements

OTC derivatives initial margin models

Governance & remediation

Education

Degree in quantitative finance/math/engineering/science

Job description

Temp Manager (1-year) - Intermediaries (Basel Capital and Risk Models Team)

The Securities and Futures Commission is seeking an experienced model validation and model risk management professional to join the Intermediaries Supervision Division. The appointee will support the review of internal market risk models for regulatory capital purposes and initial margin models for OTC derivatives.

The Basel Capital and Risk Models Team is responsible for establishing and applying regulatory standards for the approval of licensed corporations to use internal market risk models for regulatory capital purposes, as well as initial margin models for OTC derivatives, including SIMM.

Duties & Responsibilities:

• reviewing and assessing applications from licensed corporations for the use of internal market risk models for regulatory capital purposes;
• reviewing and assessing initial margin models for OTC derivatives, including SIMM;
• evaluating model validation frameworks, back-testing results, stress testing results, and model governance arrangements;
• preparing assessment papers and recommendations; and
• engaging with licensed corporations on model-related issues, findings, and remediation actions.

Requirements:

• at least 5 years practical experience in model validation and model risk management of market risk models and/or OTC derivative initial margin models and risk analysis of complex financial products, preferably gained from a model development or validation role in a financial institution, consultancy, or peer regulator;
• excellent knowledge of Basel requirements for market risk internal models, including VaR, SVaR and IRC, and OTC derivatives initial margin models;
• a degree in a quantitative finance, mathematics, engineering, or science-related subject; and
• a strong sense of responsibility and impeccable integrity.

Apply by 4 September 2026.

We are an EQUAL OPPORTUNITY EMPLOYER.