Introduction:
Since 1973, East West Bank has served as a pathway to success. With over 110 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement.
Headquartered in California, East West Bank (Nasdaq: EWBC) is a top-performing commercial bank with a strong foundation, an enterprising spirit and a commitment to absolute integrity. East West Bank gives people the confidence to reach further.
Overview:
To lead the independent monitoring, measurement, and reporting of Market Risk and Liquidity Risk for Hong Kong branch. This role is critical in safeguarding the bank's risk appetite, ensuring compliance with HKMA regulatory requirements, and supporting the Asset-Liability Committee (ALCO) in strategic decision-making. The ideal candidate will possess deep expertise in balance sheet management, FX and interest rate risk, liquidity coverage ratio (LCR), and stress testing within a commercial banking context.
Responsibilities:
- Oversight & Monitoring: Independently monitor and analyze the bank’s market risk exposures, including Foreign Exchange (FX), interest rate, and gap risk, ensuring they remain within approved limits.
- Measurement & Reporting: Conduct daily/weekly VaR (Value at Risk) calculations, back-testing, sensitivity analysis, and scenario analysis. Prepare comprehensive risk reports for senior management and the ALCO.
- Policy & Limit Control: Develop, review, and maintain market risk policies, procedures, and limit frameworks. Challenge trader and business unit limits proactively.
- Model Validation: Assist in the validation of market risk models and ensure the accuracy of Profit & Loss (P&L) attribution and risk factor sensitivities.
- Funding & Liquidity: Oversee the bank’s liquidity position, ensuring adequate funding availability to meet business growth and regulatory requirements (e.g., LCR, NSFR).
- Stress Testing: Design, implement, and execute liquidity stress tests (LST) under various severe but plausible scenarios. Analyze results and propose actionable contingency plans.
- Cash Flow Management: Monitor cash flow projections (funding gaps) and asset-liability mismatches. Provide recommendations for optimizing the balance sheet structure.
- Regulatory Reporting: Prepare and submit accurate and timely liquidity risk reports to HKMA, ensuring full compliance with Basel III liquidity standards.
- ALCO Support: As a member of ALCO, prepare materials for the local ALCO meetings. Present risk analyses, early warning indicators, and mitigation strategies.
- Balance Sheet Strategy: Collaborate with Treasury and Business Units to provide risk-based input on strategic balance sheet management.
- Headquarters Projects: Lead and coordinate special risk projects requested by Headquarters, including group-wide initiatives, system implementations, and global policy rollouts.
- Regulatory Engagement: Manage and execute ad-hoc projects mandated by local regulators (HKMA) or internal/external audits, such as regulatory reviews, remediation plans, or control enhancements.
- Process Improvement: Drive continuous improvement projects for risk methodologies, data quality, and reporting automation to enhance the overall efficiency of the risk function.
Qualifications:
- Bachelor’s degree in Finance, Accounting, Economics, Mathematics, or a related quantitative discipline. Advanced degree (MBA, MSc) preferred.
- Minimum 5-7 years of progressive experience in financial risk management within a commercial bank or financial institution.
- Proven track record in managing both Market Risk and Liquidity Risk in a Hong Kong or Asian market context.
- Experience with ALCO processes, regulatory reporting to HKMA, and Basel III/IV liquidity frameworks (LCR, NSFR) is essential.
- Prior experience in handling regulatory inspections or group-wide risk projects is a strong advantage.
- Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are highly preferred.
- Proficient in financial modeling, Excel (advanced), and VBA.
- Experience with risk management systems and data analytics tools.
- Excellent analytical, problem-solving, and communication skills.
- Ability to work independently, manage multiple priorities, and interact effectively with senior management and regulators.