Manager, Structured Products Risk

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