Risk Management (Associate / Senior Associate)

asia pacific exchange pte. ltd.; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

asia pacific exchange pte. ltd. seeks a seasoned risk professional to manage APEX's clearing risks under the Risk Management Department in Singapore.

Reporting to the CRO, you will oversee risk policies, margins, and stress testing for multiple products including futures and options. You will review and update policies to reflect IOSCO-PFMI guidelines, perform end-of-day verifications, develop risk models, and communicate complex results clearly to stakeholders in English and Mandarin.

Qualifications

• University degree in a numerate discipline.
• Familiarity with IOSCO-PFMI guidelines and regulatory risk considerations.
• Experience managing clearing house risks.

Responsibilities

• Manage APEX clearing risks per risk policies and procedures.
• Review and update policies reflecting IOSCO-PFMI guidelines and regulatory requirements.
• Lead initiatives to enhance policies, reports, and systems for new products.
• Identify data quality gaps and improve reporting processes.
• Perform night-shift end-of-day margin verification and related tasks.
• Produce stress test, back test, liquidity and counterparty reports.
• Upload SPAN files to APEX and CME websites.
• Develop/validate risk models for margining, haircut, and stress testing.
• Conduct credit scoring for members and counterparties.
• Test contingency and recovery plans to ensure operability.
• Handle other duties as assigned.

Skills

Quantitative skills

Analytical ability

English & Mandarin

Risk management

Communication skills

Education

University degree in a numerate discipline

CFA/FRM preferred

Tools

Python

R

Matlab

Excel

VBA

Job description

Job Description

Reporting to the Chief Risk Officer, we are currently looking for a risk professional with CCP Clearing Risk experience to join the Risk Management Department.

Key Duties and Responsibilities

• To perform effective and comprehensive management of APEX’s clearing risks in accordance to approved Risk policies.
• Review and update risk policies and procedures to reflect IOSCO-PFMI guidelines, regulatory requirements and direction of the Board Risk Committees.
• Lead new initiatives such as enhancements to policies, procedures, reports, systems to support new products or risk projects.
• Identify new opportunities and/or gaps to improve data quality and existing reporting processes.
• To perform night shift duties such as end of day margin call verification, calculation of special margins and delivery margins and seeking Management Approval when necessary to impose above margins.
• Performing end of day stress test reports, back test reports, liquidity reports, bank counterparty and Guaranty Fund reports.
• Performing upload of SPAN files onto APEX and CME websites.
• Develop / validate appropriate risk models such as for margining, haircut, settlement pricing, stress testing for APEX Clear.
• Perform credit scoring to rate APEX’s members and counterparties.
• Review and test APEX’s contingency plans, including default management and recovery plans to ensure smooth operability.
• Other duties as assigned by Team Lead and Chief Risk Officer from time to time.

Requirements:

• University degree and above in a numerate discipline with at least 6 to 8 years of experience managing the risks of a clearing house.
• Good understanding of financial products such as futures and options
• Strong knowledge of risk models and methodologies
• Strong quantitative skills, preferably with working knowledge of programming languages / software such as Python, R, Matlab, Excel, VBA
• Motivated and able to produce quality work under pressure
• Strong analytical ability to analyse risk related issues and deal with complexity and ambiguity.
• Strong communicator with oral, written and presentation abilities in English and Mandarin (to liaise with Chinese-speaking counterparties)
• Good communication and interpersonal skills, positive team player
• Professional qualifications like CFA, FRM will be considered favourably