Temp Manager (1-year) - Intermediaries (Basel Capital and Risk Models Team)

Ref.: SFC/TM/INT/IS/BCRMT/260807

The Securities and Futures Commission is seeking an experienced model validation and model risk management professional to join the Intermediaries Supervision Division. The appointee will support the review of internal market risk models for regulatory capital purposes and initial margin models for OTC derivatives.

The Basel Capital and Risk Models Team is responsible for establishing and applying regulatory standards for the approval of licensed corporations to use internal market risk models for regulatory capital purposes, as well as initial margin models for OTC derivatives, including SIMM.

Duties & Responsibilities:

The appointee will be responsible for:

• reviewing and assessing applications from licensed corporations for the use of internal market risk models for regulatory capital purposes;
• reviewing and assessing initial margin models for OTC derivatives, including SIMM;
• evaluating model validation frameworks, back-testing results, stress testing results, and model governance arrangements;
• preparing assessment papers and recommendations; and
• engaging with licensed corporations on model-related issues, findings, and remediation actions.

Requirements:

Applicants should possess:

• at least 5 years practical experience in model validation and model risk management of market risk models and/or OTC derivative initial margin models and risk analysis of complex financial products, preferably gained from a model development or validation role in a financial institution, consultancy, or peer regulator;
• excellent knowledge of Basel requirements for market risk internal models, including VaR, SVaR and IRC, and OTC derivatives initial margin models;
• a degree in a quantitative finance, mathematics, engineering, or science-related subject; and
• a strong sense of responsibility and impeccable integrity.

Please quote the reference and apply by 21 August 2026with details of qualifications, previous experience, current and expected salary to:

Recruitment Manager
Securities & Futures Commission
54/F, One Island East,
18 Westlands Road, Quarry Bay, Hong Kong
(E-mail address : [email protected])

All applications will be handled in strict confidence by authorised personnel and will only be used for recruitment related purposes. Applicants who do not hear from us within six months from the application deadline may consider their applications as unsuccessful. All information on unsuccessful candidates will be destroyed after six months.

We are an EQUAL OPPORTUNITY EMPLOYER.