Risk Management (AVP / VP)

ASIA PACIFIC EXCHANGE PTE. LTD.; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading financial institution in Singapore is seeking an experienced risk professional to join their Risk Management Department. The role involves managing clearing risks, enhancing risk models, and conducting comprehensive reporting. Candidates should have at least 5 years of relevant experience and possess strong quantitative skills, along with a university degree. The position requires fluency in English and Mandarin, with professional qualifications like CFA or FRM favored.

Qualifications

• Minimum 5 years of experience managing risks in a clearing house or brokerage.
• Strong knowledge of margining and risk models.
• Professional qualifications like CFA or FRM are a plus.

Responsibilities

• Manage clearing risks in line with approved risk policies.
• Maintain and improve risk models.
• Conduct regular risk reporting including key financial reports.

Skills

Risk management

Quantitative analysis

Communication skills

Education

University degree

Tools

Excel

Python

VBA

Job description

Overview

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

Responsibilities

• Manage APEX's clearing risks effectively and comprehensively in line with approved Risk policies.
• Review and update risk policies and procedures to align with IOSCO-PFMI guidelines, regulatory requirements, and directives from the Board Risk Committees.
• Maintain and improve appropriate risk models such as margining, collateral, and stress testing for APEX, which is the key responsibility for this role.
• Identify opportunities and/or gaps to enhance data quality and existing reporting processes.
• Conduct day shift and night shift duties regarding clearing risk management as per required.
• Handle end-of-day stress test reports, back test reports, liquidity risk reports, bank counterparty and Guaranty Fund reports, etc.
• Review and test APEX’s contingency plans, including default management and recovery plans, to ensure smooth operability.
• Conduct credit scoring to rate APEX’s members and counterparties.
• Conduct regular risk reporting, including monthly, quarterly, and annual reports.
• Execute enterprise risk management tasks as arranged by the Chief Risk Officer.
• Perform any other duties assigned by the Chief Risk Officer from time to time.

Requirements

• University degree or above with at least 5 years of experience managing the risks of a clearing house or future brokerage, or equivalent experience.
• Good understanding of financial products such as futures and options.
• Strong knowledge of margining, risk models and methodologies.
• Strong quantitative skills, preferably with working knowledge of programming languages / software such as Excel, Python and VBA.
• Motivated and able to produce quality work under pressure.
• Strong analytical ability to analyze risk related issues and deal with complexity and ambiguity.
• Strong communicator with oral, written and presentation abilities in English and Mandarin.
• Good communication and interpersonal skills, positive team player.
• Professional qualifications like CFA, FRM will be considered favorably.