Join Our Client as a Senior Risk Analyst in the Financial Sector
Our Client is seeking a dedicated Risk Analyst to help oversee and refine their financial risk management strategies within Singapore. This role offers the chance to work with a vibrant team, engaging with a diverse array of financial products and tackling intricate risk challenges. It’s an excellent opportunity for professionals eager to expand their expertise across multiple facets of risk analysis and management.
Key Responsibilities
- Assist in designing and maintaining a comprehensive risk management framework, ensuring compliance with internal policies and evolving regulatory standards.
- Perform daily risk control activities such as margin calculations, mark-to-market valuations, and generating risk reports, collaborating closely with Clearing Operations teams to mitigate clearing risks.
- Investigate instances of margin breaches or risk limit exceedances, conducting root cause analyses, communicating with members, and managing escalation procedures, all while maintaining detailed audit records.
- Support the calculation and oversight of option margin requirements using portfolio margining techniques like SPAN and VaR, reviewing volatility surfaces, stress scenarios, and option Greeks for complex positions.
- Manage non-cash collateral assets, including government securities, letters of credit, and emerging digital assets, while evaluating collateral valuation methods and operational procedures such as digital token transfers.
- Monitor collateral sufficiency and concentration limits across clearing members, ensuring daily reconciliation of posted collateral against margin needs and guarantee fund contributions.
- Develop and maintain reports for management, regulatory bodies, and members, providing insights into risk exposures and operational metrics.
- Stay informed on market developments and geopolitical events that could influence risk profiles, enabling proactive risk mitigation and opportunity identification.
- Collaborate with teams across Clearing, Exchange Operations, Compliance, and Finance to ensure cohesive risk management practices.
- Prepare documentation and reports for external stakeholders such as regulators, auditors, and independent validators, supporting transparency and compliance efforts.
- Participate in onboarding new members, launching new products, and conducting periodic reviews of clearing participants, alongside conducting targeted market research on relevant risk topics.
Risk System Development & Analytics
- Contribute to the enhancement of internal risk management tools by leveraging programming languages like Python, SQL, and cloud platforms such as AWS, supporting advanced analytics and automation.
- Monitor and validate the performance of risk models, ensuring data accuracy and model appropriateness for ongoing risk assessments.
- Engage in stress testing exercises, including reverse stress tests and sensitivity analyses, to evaluate margin adequacy during extreme market conditions.
- Develop and implement sophisticated analytics tools and visual dashboards to facilitate risk monitoring, analysis, and strategic decision-making.
- Design and execute test cases for risk system upgrades and new development projects, ensuring robustness and reliability.
Fostering a Risk-Aware Culture
- Support initiatives to embed a strong risk awareness culture within the organization through daily activities, training sessions, and awareness campaigns.
- Promote governance standards and best practices to uphold high levels of risk oversight across all operational areas.
Qualifications & Skills
- Academic background in Risk Management, Economics, Business, Mathematics, Engineering, or related fields.
- Proficiency in Excel VBA, SQL, Python, and Microsoft Office tools.
- Understanding of derivatives, including futures and options, along with margin calculation methods and collateral management principles.
- Strong attention to detail with a focus on precise process execution.
- Interest in financial markets, commodities, energy sectors, and derivative instruments.
- Ability to thrive in a fast-paced, collaborative environment that values proactive risk identification.
- Excellent communication skills, with the capacity to work effectively across different teams and stakeholders.
- Self-motivated with a proactive approach to process improvement and adaptability to change.
- Previous experience in risk analysis, data management, or related roles within trading firms, fund managers, or clearinghouses is advantageous.