Risk Manager - Fixed Income (Bonds & Rates)

We’re hiring a Risk Manager to monitor risk on our bond and interest rate swap trading. This position will cover our prop trading desks and multi-strategy fund, working closely with our global team.

Key Responsibilities

Monitor daily trading-book risk on bonds, repo and interest rate swaps, including DV01/PV01, duration, curve and credit spread exposure, against approved limits. Produce the daily risk report and limit log, reconcile positions, and independently verify bond and swap valuations. Run stress tests and scenario analysis (curve shifts, spread widening, liquidity shocks), and prepare monthly risk packs covering VaR, Expected Shortfall and P&L attribution.

Monitor counterparty and margin risk (credit lines, repo haircuts, collateral, margin calls), and liaise with brokers, banks and counterparties. Review new strategies and products before launch, and escalate limit or policy breaches promptly to senior management. Support HK SFC and other regulatory requests, and help automate risk reporting using Excel/VBA, Python or AI tools.

Requirements

2–4 years in trading risk control, with direct fixed income exposure (bonds, repo, IRS or other rates/credit derivatives). Background from a securities firm FICC or fixed income proprietary desk (券商固收自营), bond-focused private fund, hedge fund, prop firm or futures risk subsidiary. Hands-on experience with VaR, Expected Shortfall, DV01/duration and limit monitoring on live positions.

Advanced Excel (VBA/macros). Python or SQL is a plus. CFA, FRM or PRM (or in progress) desirable. Bachelor’s degree or above in finance, economics, mathematics or a related field. Fluent English and Mandarin. Meticulous, resilient under pressure, and comfortable challenging traders, when needed.