Credit Risk VP: Frameworks, Stress Tests & Oversight

Huatai International Financial Holdings Company Limited; Singapore; On-site; SGD 80,000 - 130,000; Full time

Job summary

Huatai International Financial Holdings Company Limited is seeking an experienced Risk Manager in Singapore. The role involves establishing a credit risk management framework for Futures and OTC business, conducting due diligence of clients, and overseeing collateral management processes.

The ideal candidate should have an advanced degree in relevant fields, at least 5 years of experience in Risk Management, and strong analytical skills. Proficiency in Mandarin and English is essential.

Qualifications

• Holder of FRM or CFA is preferred.
• At least 5 years of experience in Risk Management with strong analytical skills for risk modeling and financial analysis.
• Solid programming skills to handle quantitative data analysis independently.
• Able to work independently and communicate with stakeholders.
• Proficient oral and writing skills in Mandarin and English.

Responsibilities

• Establish credit risk management framework on Futures and OTC business.
• Perform due diligence of new and existing clients, assess creditworthiness.
• Prescribe credit terms & covenants for legal documentation.
• React swiftly to high impact market events.
• Conduct client credit portfolio stress testing.
• Oversee collateral management processes related to counterparty risk.

Skills

Risk modeling

Financial analysis

Programming

Communication

Problem-solving

Analytical skills

Education

Advanced degree in Accounting, Finance, Mathematics, Engineering, or related discipline

Job description

About Us

Huatai International Financial Holdings Company Limited (“Huatai International” or “the Company”), is the only overseas wholly-owned or controlled subsidiary of Huatai Securities. Huatai International is the Huatai Group’s international arm which plays as a crucial role in the group's internationalization strategy by:

• not only providing offshore capital market services (and a global business platform) but also provides onshore clients with valuable cross-border capital market services (aligned with the mainland China government’s policies and commercial intentions);
• actively making use of Huatai Securities’ leading position, distribution network and customer base in mainland China;
• integrating on a global basis across many jurisdictions and regions, a successful and fully integrated international financial platform with innovative financial services solutions.
  
  

About Us

Huatai International Financial Holdings Company Limited (“Huatai International” or “the Company”), is the only overseas wholly-owned or controlled subsidiary of Huatai Securities. Huatai International is the Huatai Group’s international arm which plays as a crucial role in the group's internationalization strategy by:

• not only providing offshore capital market services (and a global business platform) but also provides onshore clients with valuable cross-border capital market services (aligned with the mainland China government’s policies and commercial intentions);
• actively making use of Huatai Securities’ leading position, distribution network and customer base in mainland China;
• integrating on a global basis across many jurisdictions and regions, a successful and fully integrated international financial platform with innovative financial services solutions.
  
  

Huatai International operates as a holding company for consolidating all of the group’s cross-border businesses and companies under one umbrella, offering a truly unified and international business platform. In recognition of such international strength, the renowned international rating agency Standard and Poor’s has assigned Huatai International a “BBB+” rating (for long term) and “A-2” (for short-term).

Job Description

• With the support from the Risk Management Department in Hong Kong, establish credit risk management framework on Futures and OTC business, including developing policies and procedures, system infrastructure, and ongoing review and enhancement.
• As the second line of risk defense, perform independent review and challenge from risk management perspective, including:
• Perform due diligence of new and existing clients (banks, broker-dealers, hedge funds, corporates, etc.); Assess creditworthiness and assign internal credit ratings scores;
• Prescribe credit terms & covenants for legal documentations such as ISDA, CSA, GMRA, GMSLA etc.
• Recommend and set appropriate limits and initial margin terms;
• Swift reaction to high impact market event, to prevent excessive loss, i.e. raise additional margin buffer, force liquidation alert;
• Client credit portfolio stress testing to identify vulnerability;
• Regulatory disclosure and reporting when required;
• Oversee the collateral management process related to counterparty risk (margin calls, disputes, eligibility of collateral);
• Manage limit excesses: investigate causes, escalate breaches, and work with Front Office to remediate.
• On Enterprise Risk Management: Maintain the appropriate & effective Risk
• Management Framework for local entity, promote the sound risk management culture.
• Responsible for ad-hoc risk projects for the entity.
  
  

Qualification

• Advanced degree in Accounting, Finance, Mathematics, Engineering, or related discipline. Holder of FRM or CFA is preferred.
• At least 5 years of experience in Risk Management. Strong analytical skills for risk modeling and financial analysis. Solid programming skills to handle quantitative data analysis independently.
• Able to work independently and communicate with stakeholders such as business team, wider risk team of the Group and with other departments in the entity.
• Strong problem-solving, analytical and communication skills.
• Curiosity and humble to learn, especially in the exploration of using AI to achieve efficiency.
• Proficient oral and writing skills in Mandarin and English.