Head of Risk – Securities Brokerage

About the role

This position leads the risk team within a stock agency brokerage business, covering credit control, margin calls and credit approval for margin clients, as well as risk policy, product assessment and regulatory reporting.

Key responsibilities

• Lead the risk team to develop risk policies, procedures and methodologies, and oversee credit control, margin calls and credit approval for margin clients of the stock agency brokerage business.
• Comment on credit limit applications for securities and futures/options businesses.
• Define user requirements for IT systems related to risk and regulatory rules, and carry out user acceptance testing.
• Assess risk on new products and businesses and help build the risk control framework, including policies, procedures, systems and daily monitoring workflows.
• Prepare regular risk-related reports to the regulator where required.
• Build the local risk management team to support business growth and initiatives.

Required profile

• A minimum of 8-10 years of experience in securities industry risk management (a must).
• Bachelor's degree or above in Risk Management, Finance, Business Administration or a related discipline.
• At least 6 years' experience in large securities firms or financial institutions.
• FRM or CFA qualification preferred.
• Good command of spoken and written English is essential; Mandarin is an advantage.

Required skills

• Knowledge of credit risk management methodologies and risk control processes.
• In-depth knowledge of local regulations on brokerage and margin business.
• Experience in system implementation, project management or related tasks.
• Leadership, communication and teamwork skills, with high standards of work ethics and integrity.