VP, Counterparty Credit risk

Duties & responsibilities:

• - Assist CCR management in managing counterparty credit risk arising out of trading and dealing in derivatives and funding transactions of different asset classes including Rates & FX, Equity, Credit etc in Greater China. 
• - Develop proactive engagement with the business, Risk Committees in pursuit of balanced risk return via discussions on CCR exposures and limits.
• - Report into Head, CCR, Greater China to
• Ensure that CCR policies and limit monitoring systems are fully implemented
  • Ensure that CCR measurement methodologies are fit-for-purpose, comprehensive and implemented with integrity.
  • Continuously enhance risk measures and transparency.
  • Support local risk-wide initiatives/projects such as recovery planning, ICAAP etc
  • Timely escalation and concise communication of key exposures.
• Support control and monitoring framework to ensure compliance with internal policies and procedures, code of conducts, and applicable external laws and regulations
• Support new product launch via Country Addendums review prepared under Group Product Programs.
• Support development of CCR infrastructure and system
• Review and recommend structured Financial Markets transactions to senior risk officers for approval
• Review product termsheet and ensure risks are appropriately addressed and product is appropriate for client
• Support Group CCR management in broader risk issues and projects.

Background:

• Solid experiences on financial market with international experience.
• Qualifications in a numerate, quantitative discipline. (e.g. science, financial engineering, economics, finance)
• Must have an in-depth knowledge of:
  • counterparty credit risk and applicable trading risk models and methodologies
  • counterparty credit risk and applicable trading risk regulations and guidelines
• Good understanding of financial markets in Greater China and its regulatory framework
• Excellent analytical skills and sound judgement in a rapidly changing environment
• Effective verbal and written communication skills, able to present complex risk issues to senior and non-technical stakeholders