Risk Manager, Market & Liquidity Risk

About the role

Group Risk Management is the bank's second line, and market and liquidity risk is its most technical corner: eleven people covering VaR and stress testing for the trading book, interest rate risk in the banking book, and the full liquidity framework including LCR, NSFR and the internal survival horizon.

The role is being created as we lift our internal models ahead of the next HKMA supervisory review. You would lead a team of five, own the market and liquidity risk policy set, and be the person who presents the stress results to ALCO and the Board Risk Committee — and who says no when a business case does not survive its own scenario.

This works only if you can hold a technical line with a trading desk and a plain-English line with a board director in the same afternoon. We are equally interested in candidates from a regulator, a Big Four risk practice or a bank second line, and we sponsor employment visas for the right hire.

What you'll do

• Lead a team of five covering market risk, IRRBB and liquidity risk measurement and reporting.
• Own the limit framework: VaR, stressed VaR, sensitivity and concentration limits, and the escalation path when they break.
• Design and run the stress testing and reverse stress testing programme, including liquidity survival horizons.
• Maintain and validate risk models with the model validation function, and document assumptions honestly.
• Present the market and liquidity risk view to ALCO monthly and to the Board Risk Committee quarterly.
• Act as the risk-side lead in HKMA supervisory engagement, thematic reviews and on-site examinations.
• Challenge the first line — the job is not to approve, it is to test.

What we're looking for

• 10+ years in market or liquidity risk at a bank, regulator or major consultancy, including team leadership.
• Deep working knowledge of Basel III market risk and liquidity standards as applied by the HKMA.
• Master's degree in finance, mathematics, statistics, financial engineering or a related field.
• Fluent English and the ability to write a board paper a non-specialist director can act on.
• Direct experience of regulatory engagement, and the composure it requires.

Nice to have

• FRM, PRM or CFA designation.
• Hands-on Python or R for risk analytics.
• IRRBB or FRTB implementation experience.
• Prior exposure to a mainland-parented banking group.

What you get

• 13th month and a discretionary bonus benchmarked annually against the local market
• Two remote days per week
• Family medical, dental and critical illness cover with no waiting period
• 22 days annual leave plus three days of professional development leave
• Employment visa sponsorship and relocation support where required
• Direct reporting access to the Chief Risk Officer and the Board Risk Committee