Key Responsibilities
- Structured Products & Complex Instruments
- Perform independent risk analysis on structured products (both proprietary and distributed), including payoff decomposition, pricing validation, stress testing, scenario analysis, and embedded derivative assessment.
- Assess underlying asset risk, barrier/knock-in/knock-out features, issuer credit risk, and liquidity risk of structured notes and derivative-linked products.
- Evaluate product complexity classification and investor suitability from a risk perspective.
- Monitor mark-to-market movements, greeks exposure, and potential loss scenarios on an ongoing basis.
- Conduct pre-trade and post-trade risk assessment for proprietary structured product positions.
Risk Rating Model & Approval Framework
- Design, develop, and maintain risk rating models for investment products including structured products, funds, bonds, equities, derivatives, and alternative investments.
- Build and manage the product risk rating approval workflow, including escalation criteria, approval authorities, and documentation standards.
- Serve as independent risk assessor in the product approval process, providing risk opinions on new product onboarding and existing product reviews.
Ongoing Product Risk Monitoring
- Conduct periodic re-rating and review of onboarded products to reflect changes in market conditions, issuer creditworthiness, and regulatory requirements.
- Monitor product issuers/providers' credit standing and financial health; coordinate with business teams on counterparty risk evaluation.
- Track global market developments to identify emerging risks and provide early warning to management.
Compliance, Reporting & Collaboration
- Ensure product risk activities comply with regulatory requirements (e.g., HKMA, SFC guidelines) and align with the Bank's risk appetite framework.
- Maintain and enhance internal risk policies and procedures; support audits and regulatory inspections.
- Prepare regular and ad-hoc risk reports for Senior Management and Risk Committee.
- Collaborate with business, compliance, legal, and operations on product risk matters.
Requirements
Requirements
- Degree holder or above in Finance, Risk Management, Quantitative Finance, or related disciplines
- Minimum 4 years of experience in product risk management, product control, or structured products risk in banking/financial institutions, preferably in private banking or wealth management
- Strong knowledge of structured products (e.g., FCN, ELN, DCI, accumulator, decumulator, range accrual) and OTC derivatives is essential
- Hands-on experience in building product risk rating models and managing approval workflows is highly preferred
- Solid knowledge across multiple asset classes (funds, bonds, derivatives, etc.) and familiar with regulatory requirements
- Strong analytical, communication, and problem-solving skills
- Agile and adaptable to a fast-paced environment
- Proficient in Excel/VBA; knowledge of Python is a plus
- Good command of written and spoken English and Chinese (including Putonghua)