Business Strategy Manager (Derivative Models)

Bank of China (Hong Kong) Limited; Hong Kong Island; On-site; HKD 600,000 - 900,000; Full time

Job summary

A financial services provider in Hong Kong is looking for a Business Strategy Manager specializing in derivative models. In this role, you will oversee the lifecycle management of derivative models across various asset classes, ensuring accurate implementation and risk assessment. The ideal candidate will have a strong educational background in quantitative fields and at least five years of related experience in banking. Excellent communication skills in English and Chinese, including Putonghua, are essential.

Qualifications

• 5 years experience in banking or similar industry.
• Strong command of English and Chinese, including Putonghua.
• Knowledge of financial market derivatives products.

Responsibilities

• Lead derivative models life cycle in treasury systems.
• Drive implementation of derivative models on third-party systems.
• Conduct model validation and risk monitoring.

Skills

Analytical Skills

Ownership

Knowledge of Derivative Models

Education

Bachelor Degree in Engineering, Mathematics, Statistics, Physics or related field

Tools

Murex

Bloomberg

Numerix

Job description

Business Strategy Manager (Derivative Models)

Business Strategy Manager (Derivative Models)

Apply Now Job No.: 498604
Employment Type: Full time
Departments: Financial Markets Management
Job Functions: Investment Management, Product Development & Management

Responsibilities:

• Assist business units (trading book and banking book) to take the lead of the derivative models life cycle in treasury systems, which covers multiple asset classes e.g. FX, Interest Rate, Equity, Precious Metal, Credit Derivatives.
• Act as model owner which involves the following tasks:
• Drive the implementation of derivative models on 3 rd party treasury systems (e.g. Murex, Bloomberg, Numerix)
• Assess the appropriateness of model selected by vendors
• Conduct model testing for any model changes or implementations by vendors
• Participate in model validation process which is conducted by independent parties
• Submit models for internal approvals
• Assess model risk regularly
• Conduct model backtesting and risk monitoring
• Liaise with back office departments such as Risk Management, Finance on the proposed derivative models in treasury systems
• Initiate model validation activities and tackle related issues found
• Draft and maintain relevant model documents, policy and procedures
• Lead the junior staff to accomplish the model owner’s duty

Requirements:

• Bachelor Degree or above in engineering, mathematics, statistics, physics, or other quantitative subjects
• At least 5 years related experiences in banking or similar industry
• Knowledge of financial market derivatives products
• Strong knowledge of derivative models in valuation / risk sensitivities
• Strong analytical mind
• Willing to take ownership of his/her work
• Good command in spoken and written English and Chinese, including Putonghua

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