VP, Clearing Risk & Controls Lead

Hong Kong Exchanges and Clearing Limited (HKEX); Hong Kong; On-site; HKD 1,200,000 - 1,800,000; Full time

Job summary

HKEX is seeking a senior Clearing Risk Control lead within the Operations Risk Management Department to oversee risk operations for OTC Clear, a central counterparty, and to drive improvements in risk frameworks and workflows.

The role requires extensive leadership experience in derivatives risk, strong regulatory knowledge, and bilingual communication skills in English and Chinese, with shift duties including public holidays.

Qualifications

• University Degree, preferably in Risk Management / Finance / Economics or related disciplines.
• Holder of relevant professional qualification, preferably FRM or CFA.
• Minimum of 10 years of professional experiences, with at least 5 years at the management level of well-established financial organizations.
• Strong knowledge of derivatives products, operations, market practices and regulations in OTC derivatives market.
• Excellent command of written and spoken English and Chinese with proficiency in Putonghua.
• Shift duties required, including public holidays.
• Hands-on experiences of RPA tools, e.g. PowerAutomate, and Python or similar coding languages will be an advantage.
• Candidates with less experience will be considered an Assistant Vice President.

Responsibilities

• Day-to-day operations and reporting in OTC Clear.
• Lead a team to cover day-to-day risk related operations in accordance with established rules, policies and procedures (e.g. margin call, risk parameter review, default fund review).
• Prepare regular and ad hoc statistical and analysis reports for management and regulators.
• Handle exceptions and contingency situations in a timely manner, enforce proper escalation procedure and practice and act accordingly in accordance with established policies.
• Drive operational excellence by continuous improvement in workflows and procedures.
• New business initiatives and enhancement in clearing risk initiatives.
• Liaise with internal and external stakeholders for the implementation of new products and initiatives.
• Be a subject matter expert in clearing risk control function to work with other teams for new business or clearing risk initiatives with key responsibilities include assessing operational feasibility, defining user requirements, reviewing functional specifications, participating in user acceptance test and enhancing internal operational procedures and workflows for implementation.

Job description

Company Introduction:

We’re home to Asia's most dynamic and vibrant capital markets.

Connecting capital, ideas, inspiration and innovation for deeper, more diverse and liquid global capital markets; providing greater choice and opportunity for our customers, each and every day.

HKEX is a purpose-driven company. Our commitment to the long-term development of our business and our markets is articulated in our purpose: "To Connect, Promote and Progress our Markets and the Communities they support for the prosperity of all."

Job Summary:

Clearing Risk Control is one of the functions under Operations Risk Management Department under Operations Division. The team covers the first line function to manage the central counterparty risk of HKEX clearing houses.

Company Introduction:

We’re home to Asia's most dynamic and vibrant capital markets.

Connecting capital, ideas, inspiration and innovation for deeper, more diverse and liquid global capital markets; providing greater choice and opportunity for our customers, each and every day.

HKEX is a purpose-driven company. Our commitment to the long-term development of our business and our markets is articulated in our purpose: "To Connect, Promote and Progress our Markets and the Communities they support for the prosperity of all."

Job Summary:

Clearing Risk Control is one of the functions under Operations Risk Management Department under Operations Division. The team covers the first line function to manage the central counterparty risk of HKEX clearing houses.

The role is an excellent opportunity to lead a team to manage the clearing risk of OTC Clear which is a central counterparty established by HKEX for the purpose of providing clearing and settlement services for OTC derivatives transactions. This role will also collaborate closely with a group of professionals to further develop the market infrastructure in OTC Clear.

Job Duties:

Job Responsibilities:

Day-to-day operations and reporting in OTC Clear

• Lead a team to cover day-to-day risk related operations in accordance with established rules, policies and procedures (e.g. margin call, risk parameter review, default fund review)
• Prepare regular and ad hoc statistical and analysis reports for management and regulators
• Handle exceptions and contingency situations in a timely manner, enforce proper escalation procedure and practice and act accordingly in accordance with established policies
• Drive operational excellence by continuous improvement in workflows and procedures
  
  

New business initiatives and enhancement in clearing risk initiatives

• Liaise with internal and external stakeholders for the implementation of new products and initiatives
• Be a subject matter expert in clearing risk control function to work with other teams for new business or clearing risk initiatives with key responsibilities include assessing operational feasibility, defining user requirements, reviewing functional specifications, participating in user acceptance test and enhancing internal operational procedures and workflows for implementation
  
  

Job requirements:

• University Degree, preferably in Risk Management / Finance / Economics or related disciplines
• Holder of relevant professional qualification, preferably FRM or CFA
• Minimum of 10 years of professional experiences of which at least 5 years at the management level of well-established financial organizations
• Strong knowledge of derivatives products, operations, market practices and regulations in OTC derivatives market
• Strong interpersonal, communication and people management skills with proven ability to handle time critical situations and adjust effectively to changing priorities
• Excellent command of written and spoken English and Chinese with proficiency in Putonghua
• Shift duties required, including public holiday
• Hands-on experiences of RPA tools, e.g. PowerAutomate, and Python or similar coding languages will be an advantage
• Candidates with less experience will be considered an Assistant Vice President
  
  

HKEX is committed as an Equal Opportunity Employer. Diversity is one of our core values and we look to support, respect diverse perspectives, abilities, culture and experiences within our workplace.

Location:

HKEX - Exchange Square

Shift:

Standard - 40 Hours (Hong Kong SAR)

Scheduled Weekly Hours:

40

Worker Type:

Permanent