Risk Manager | Market and Liquidity

Responsibilities

Market Risk Management:

• Monitor, assess, and report market risks related to the bank’s financial products, including interest rate, foreign exchange, fixed income, and derivatives.
• Develop and maintain risk measurement models such as Value-at-Risk (VaR), stress testing, and scenario analysis to assess market risks across diverse financial instruments.
• Collaborate with ALCO and other departments to present findings and recommend strategies to mitigate risks.
• Monitor the performance of the trading book and non-trading portfolios and ensure alignment with risk limits.
• Prepare regular reports and presentations for senior management on the bank’s market risk profile and any significant changes.

Liquidity Risk Management:

• Assess and monitor the bank’s liquidity risk by analysing cash flow projections, funding sources, and asset-liability management strategies.
• Implement liquidity risk models and stress tests to ensure the bank maintains adequate liquidity in both normal and stressed conditions.
• Monitor liquidity indicators such as MLA, LDR, liquidity gap, cash flow behavioural analysis to ensure regulatory compliance with liquidity requirements.
• Work collaboratively with the ALCO to provide insights into liquidity buffers and funding strategies.

Interest Rate Risk in the Banking Book (IRRBB):

• Monitor IRRBB and its impact on the banking book, ensuring appropriate strategies to manage interest rate exposures.
• Use stress testing and scenario analysis to evaluate the impact of interest rate movements on the balance sheet.
• Collaborate with ALCO and other stakeholders to align IRRBB management with the overall asset-liability management (ALM) strategy.

Digitalization and Automation in Risk Management:

• Identify opportunities to enhance market and liquidity risk management processes through digital tools, automation, and data analytics.
• Participate in automation initiatives, using Robotic Process Automation (RPA) and programming tools to streamline risk management processes across risks teams.
• Collaborate with various risks teams to automate manual processes, reduce errors, and increase operational efficiency using RPA and programming tools.
• Participate in the building and implementation of data-base and machine learning techniques.
• Work with IT and risks teams to design and implement BI and programming tools to develop digital dashboards for risk monitoring and reporting, enabling seamless collaboration across all risk functions.

Standard Operating Procedures (SOP):

• Develop, update, and maintain Standard Operating Procedures (SOPs) for Market Risk, Liquidity Risk, Interest Rate Risk, as well as automation workflows.
• Ensure that SOPs are aligned with industry best practices, regulatory standards, and internal policies.

ALCO Participation:

• Participate in ALCO meetings, providing detailed risk analysis on market risk, liquidity risk, IRRBB, and financial products.
• Collaborate with ALCO members to drive asset-liability management (ALM) strategies that align with the bank’s risk appetite and financial goals.
• Prepare reports and presentations for ALCO on key risk metrics, liquidity strategies, and new product evaluations.

Other Risk Management Responsibilities:

• Ensure continuous compliance with internal and regulatory risk management policies, working closely with relevant risk teams to ensure robust governance.
• Participate in cross-functional projects that enhance the bank’s risk management framework, including data analytics, reporting automation, and regulatory compliance

Requirements

• Bachelor’s or Master’s degree in Finance, Risk Management, Economics, Data Science, or related fields.
• Minimum 5 years of experience in market risk, liquidity risk, or related financial risk management roles. Prior exposure to digital transformation or digital tools in risk management is preferred.
• Strong understanding of financial products such as derivatives, bonds, structured products, and their associated risks.
• Expertise in pricing and valuation techniques for financial instruments.
• Proficiency in risk modeling (VaR, stress testing, IRRBB models) and regulatory frameworks (Basel IV, HKMA, MAS).
• Experience with RPA tools and automation platforms, business Intelligence tools as well as data analytics programming tools and database (e.g., Python, R, Power BI, VBA, SQL).
• Knowledge of digital technologies like AI, machine learning, and their applications in risk management.
• Demonstrated experience in delivering automation initiatives, particularly in using VBA and RPA to optimize workflows in Risks teams.
• Ability to work collaboratively with cross-functional teams to deliver innovative risk solutions.
• Strong ability to analyse complex data and provide insights into market risk, liquidity risk, and IRRBB exposures.
• Experience in implementing RPA and use of VBA to improve operational efficiency and streamline processes across different risk functions.
• Strong verbal and written communication skills for presenting risk assessments, automation strategies, and process improvements to senior management and cross-functional teams.
• High level of accuracy and attention to detail when managing automation initiatives, developing SOPs, and assessing risks.