Manager, Structured Products Risk

<h2>Key Responsibilities</h2><ul>
<li><strong>Structured Products &amp; Complex Instruments</strong></li>
<li>Perform independent risk analysis on structured products (both proprietary and distributed), including payoff decomposition, pricing validation, stress testing, scenario analysis, and embedded derivative assessment.</li>
<li>Assess underlying asset risk, barrier/knock-in/knock-out features, issuer credit risk, and liquidity risk of structured notes and derivative-linked products.</li>
<li>Evaluate product complexity classification and investor suitability from a risk perspective.</li>
<li>Monitor mark-to-market movements, greeks exposure, and potential loss scenarios on an ongoing basis.</li>
<li>Conduct pre-trade and post-trade risk assessment for proprietary structured product positions.</li>
</ul><h2>Risk Rating Model &amp; Approval Framework</h2><ul>
<li>Design, develop, and maintain risk rating models for investment products including structured products, funds, bonds, equities, derivatives, and alternative investments.</li>
<li>Build and manage the product risk rating approval workflow, including escalation criteria, approval authorities, and documentation standards.</li>
<li>Serve as independent risk assessor in the product approval process, providing risk opinions on new product onboarding and existing product reviews.</li>
</ul><h2>Ongoing Product Risk Monitoring</h2><ul>
<li>Conduct periodic re-rating and review of onboarded products to reflect changes in market conditions, issuer creditworthiness, and regulatory requirements.</li>
<li>Monitor product issuers/providers' credit standing and financial health; coordinate with business teams on counterparty risk evaluation.</li>
<li>Track global market developments to identify emerging risks and provide early warning to management.</li>
</ul><h2>Compliance, Reporting &amp; Collaboration</h2><ul>
<li>Ensure product risk activities comply with regulatory requirements (e.g., HKMA, SFC guidelines) and align with the Bank's risk appetite framework.</li>
<li>Maintain and enhance internal risk policies and procedures; support audits and regulatory inspections.</li>
<li>Prepare regular and ad-hoc risk reports for Senior Management and Risk Committee.</li>
<li>Collaborate with business, compliance, legal, and operations on product risk matters.</li>
</ul><h2>Requirements</h2><h2>Requirements</h2><ul>
<li>Degree holder or above in Finance, Risk Management, Quantitative Finance, or related disciplines</li>
<li>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</li>
<li><strong>Strong knowledge of structured products (e.g., FCN, ELN, DCI, accumulator, decumulator, range accrual) and OTC derivatives is essential</strong></li>
<li>Hands-on experience in building product risk rating models and managing approval workflows is highly preferred</li>
<li>Solid knowledge across multiple asset classes (funds, bonds, derivatives, etc.) and familiar with regulatory requirements</li>
<li>Strong analytical, communication, and problem-solving skills</li>
<li>Agile and adaptable to a fast-paced environment</li>
<li>Proficient in Excel/VBA; knowledge of Python is a plus</li>
<li>Good command of written and spoken English and Chinese (including Putonghua)</li>
</ul>