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CIB Risk - Counterparty Credit Infrastructure & Capital, Asia (CCIC Asia) - Vice President

Req #: 180016459
Location: Hong Kong, , HK
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 40000 Hong Kong Dollar (HKD)
CCIC is a global private side group with a presence in Hong Kong, London and New York, and forms part of Global Credit Risk Management (GCRM). CCIC develops exposure methodology for derivatives, securities financing and other traded products, oversees stress testing and infrastructure, and provides expertise and oversight for Basel counterparty credit risk capital. In addition, CCIC includes Credit Portfolio Solutions (CPS), which helps determine the credit implications and proper credit pricing/structure of credit-intensive or complex deals to enable a sensible risk/reward evaluation by Credit Risk & Client Executives and public side Credit Portfolio Group (CPG). CPS Asia also helps determine upfront margin required by Hedge Funds (HF) on complex derivative products as well as portfolio margins for Listed and OTC Cleared /Intermediated derivatives.
Teams are run regionally and report up through GCRM with functional reporting to CCIC Global.
Job Functions/Responsibilities:
CCIC Asia team is seeking an experienced Vice President, based in Hong Kong, to help with all aspects of counterparty credit risk management for the Asia Pacific region. As a senior member of the CCIC Asia team, the candidate will be responsible for the below:
  • Work with markets business and CPG to price credit, funding and cost of capital for derivatives transactions, develop credit mitigants and appropriate margin and hedging strategies for complex or large derivative transactions.
  • Understand effect of policy/model changes on pricing and credit risk measurement of derivatives exposures and explain these changes to marketers and other constituents.
  • Partner with Credit Risk Management and CCIC Global teams to improve transparency, understanding and management of key counterparty credit risks in the region for derivatives, securities financing and other traded products.
  • Centre of expertise in the region on counterparty stress testing, wrong-way risk and contingent risk sensitivities, directing and overseeing regular / bespoke deep-dive analysis at the portfolio, product, sector or legal entity level for senior risk management.
  • Work closely with the business, Quantitative Research and Applications Development to develop tools/models to handle new products or new types of transactions.
  • Work with GCB/IB Coverage, CPG, Compliance, Credit Officers and the Special Credits Group to develop and execute concentration management plans, including loan sales and CDS hedging.
Job Qualifications:
  • 8-10 years experience in Risk management or Derivative marketing/structuring.
  • Good knowledge of derivative products and thorough understanding of quantitative concepts relating to credit exposure, risk sensitivity and stress testing.
  • Strong analytical and quantitative skills with large data sets; must be highly numerate, very good with Excel and able to challenge concepts/proposals.
  • Strong sense of accountability and ownership of responsibilities must be diligent, self-motivated and good at following up on issues.
  • Excellent written and verbal communication skills, with the ability to articulate complex ideas to senior managers.
  • Team player who can work well with colleagues of various levels, and in partnership with several other groups on a shared agenda.
  • Relevant experience in oversight and delivery of multi-faceted projects.
  • Master’s Degree with Major in Quantitative Finance or Financial Mathematics is a plus.
Language requirements:
  • Fluent in English
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