Risk Management (Associate / Senior Associate)

Reporting to the Chief Risk Officer, we are currently looking for a risk professional with CCP Clearing Risk experience to join the

Risk Management Department.

Key Duties and Responsibilities

To perform effective and comprehensive management of APEX’s clearing risks in accordance to approved Risk policies.

Review and update risk policies and procedures to reflect IOSCO-PFMI guidelines, regulatory requirements and direction of the Board Risk Committees.

Lead new initiatives such as enhancements to policies, procedures, reports, systems to support new products or risk projects.

Identify new opportunities and/or gaps to improve data quality and existing reporting processes.

To perform night shift duties such as end of day margin call verification, calculation of special margins and delivery margins and seeking Management Approval when necessary to impose above margins.

Performing end of day stress test reports, back test reports, liquidity reports, bank counterparty and Guaranty Fund reports.

Performing upload of SPAN files onto APEX and CME websites.

Develop / validate appropriate risk models such as for margining, haircut, settlement pricing, stress testing for APEX Clear.

Perform credit scoring to rate APEX’s members and counterparties.

Review and test APEX’s contingency plans, including default management and recovery plans to ensure smooth operability.

Other duties as assigned by Team Lead and Chief Risk Officer from time to time.

Requirements:
University degree and above

in a numerate discipline with at least 6 to 8 years of experience managing the risks of a clearing house.

Good understanding of financial products such as futures and options

Strong knowledge of risk models and methodologies

Strong quantitative skills, preferably with working knowledge of programming languages / software such as Python, R, Matlab, Excel, VBA

Motivated and able to produce quality work under pressure

Strong analytical ability to analyse risk related issues and deal with complexity and ambiguity.

Strong communicator with oral, written and presentation abilities in English and Mandarin (to liaise with Chinese-speaking counterparties)

Good communication and interpersonal skills, positive team player

Professional qualifications like CFA, FRM will be considered favourably

Founded in 2018, Asia Pacific Exchange (APEX) is a derivatives exchange regulated by the Monetary Authority of Singapore (MAS). It is the third derivatives exchange with the “Approved Exchange” and “Approved Clearing House” licenses in Singapore after Singapore Exchange Derivatives Trading (SGX) and ICE Futures Singapore. APEX is able to offer a suite of futures and options contracts and currently offers futures contracts covering both financial and commodity products.

In May 2022, APEX launched the Bitcoin Monthly Futures. This is one of the few regulated and cash-settled Bitcoin Monthly Futures Contract traded on a regulated derivatives exchange in Asia Pacific. Different from other spot cryptocurrency exchanges, APEX is a traditional exchange regulated by MAS with a robust membership structure, working with reputational brokerage firms and settlement banks since 2018.

https://www.asiapacificex.com/