Risk Officer

**Risk Officer (DEC)**

**POSITION PURPOSE**
We are looking for a new Risk Officer to reinforce the Business Risk team who looks after the Derivatives, Execution & Clearing (“DEC”) business in APAC.
The mandate is to actively conduct portfolio review for potential and existing clients, run market-driven stress testing and perform scenarios analysis.
The perimeter covers:

- Clients based in APAC: Financial Institutions and Corporates
- Listed derivatives products on commodities, equity, rates, and FX
- OTC cleared products (rates, FX)

**Responsibilities**
Key responsibilities include:
**WORK WITH INTERNAL AND EXTERNAL STAKEHOLDERS**
- Detailed analysis (portfolio review, stress test) of requests to on-board a new client or increase appetite, challenge adequacy (business rationale, economics) and present recommendation to Business Risk approval forums (“NAVCos”);
- Consolidate supporting documents to NAVCos and Credit Committees, prepare agenda of pre-NAVCos, circulate to NAVCo Secretariat and follow-up on conditions to approval;
- Follow-up commercial pipeline with DEC Sales team on weekly basis and highlight risk areas requiring mitigation or in breach of our appetite;
- Work with Execution team to keep adequate limits at the execution level ( before clearing );
- Participate in meetings with clients/ prospects to understand business profile, risk taking policy and clearing requirements; as well as with clearing houses to understand risk management and product development.

**RISK MANAGEMENT THROUGH THE LIFECYCLE**
- Provide inputs and review legal document negotiation from a risk management perspective for new and existing clients during negotiations.
- Daily monitoring of client’s portfolio exposure vs. limits (hard and soft), and margin payment status, as well as follow-up of remediation with DEC Sales team;
- Timely processing of operations requiring manual approval from DEC Risk such as blocked trades (due to system failure or technical issue) and clients’ account limits adjustment
- Timely escalation of stressed and special situations to management of DEC APAC, TR2S APAC and SOO APAC, for further processing (credit watchlist and/or crisis management)

**RISK ANTICIPATION, CONTROL & EFFICIENCY**
- Work with Sales and RISK teams to carry out in-depth analysis and provide data on client exposures during market volatility period
- Review & circulate on a weekly basis changes in CCP margin requirements for clients during market volatility period.
- Production of relevant daily monitoring report for APAC scope and perform scheduled data reconciliation between FO and RISK systems;
- Contribute to timely and proper risk representation in FO and RISK chains, especially on Asian contracts;
- Work with Operational Risk team to implement a more robust monitoring procedure for Instant Control;
- Contribute to reviews of portfolio, business procedures, auditing exercises, firedrills and other testing of our risk assessment and management;
- Keep up to date with Bank’s risk policies and ensure alignment of business decisions.

**TECHNICAL & BEHAVIORAL COMPETENCIES**

**Technical knowledge**:

- Financial markets (how exchanges and clearing houses function) and listed derivatives products (options and futures on commodities, equity, rates, and FX)
- Financial analysis and counterparty credit risk (know how to read financial statements and annual reports, search complementary info on public data base incl. Bloomberg)
- Market risk monitoring (main greeks, liquidity, stress testing) and management (limit calibration, margining, concentration threshold)

**SPECIFIC QUALIFICATIONS (IF REQUIRED)**
- Previous experience in market risk (risk management, trading) and genuine interest in global markets
- High sense of responsibility, punctual and reachable for regular or urgent requests
- Eager to learn on the field, solution driven and persistent
- Strong analytical skills and capacity to form a structured opinion
- Experience in counterparty credit risk / CFA or CPA certified is a plus

Company Reg No.: 201131609D, Licence No.: 11C4684, Reg No: R1871506