Risk Control Specialist for OTC Derivatives

4 days ago


Hong Kong, Central and Western District, Hong Kong SAR China Hong Kong Exchanges and Clearing Limited Full time
About HKEX

HKEX is home to Asia's most dynamic and vibrant capital markets, connecting capital, ideas, inspiration, and innovation for deeper, more diverse, and liquid global capital markets.

Salary Information

We offer a competitive salary in the range of HKD 550,000 - HKD 700,000 per annum, depending on experience.

Job Description

Company Overview:

HKEX is a purpose-driven company committed to the long-term development of our business and markets. Our purpose is to connect, promote, and progress our markets and the communities they support for the prosperity of all.

Job Summary:

OTC Clearing Hong Kong Limited (OTC Clear) is a central counterparty established by HKEX for providing clearing and settlement services for OTC derivative transactions. We currently provide clearing of interest rate swaps (IRS), non-deliverable currency forwards (NDF), cross currency swaps (CCS), and deliverable FX (DFX).

Key Responsibilities:

  1. Work in a team to cover day-to-day risk-related operations in OTC Clear in accordance with established rules, policies, and procedures.
  2. Prepare regular and ad hoc statistical and analysis reports to management and regulators.
  3. Handle exceptions and contingency situations with proper escalation to supervisor.
  4. Handle risk control-related enquiries from clearing members.
  5. Review and streamline workflows, identify potential risks, and implement mitigation plans.
  6. Update relevant documentation, including internal operational procedures as appropriate.
  7. Be a subject matter expert in risk control function to work with other teams for implementation of new initiatives in OTC Clear.
Required Skills and Qualifications

We are seeking individuals with a university degree, preferably in Risk Management, Finance, Economics, or related disciplines. Relevant professional qualifications, such as FRM or CFA, are also preferred.

A sound knowledge of derivatives market operations and regulations is essential. At least 6 years' relevant experience in well-established financial organizations, preferably in OTC derivatives market operations, is required.

Good analytical, problem-solving, and communication skills are necessary. Proficiency in MS Word, Excel (Macro and VBA), PowerPoint, and Access is also required. Good command of written and spoken English and Chinese, with proficiency in Putonghua an advantage.

Benefits

HKEX offers a competitive benefits package, including medical insurance, retirement plan, and opportunities for career growth and development.

We are committed to being an equal opportunity employer and strive to create a diverse and inclusive workplace.



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