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.

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).

Requirements

• 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.

Preferred

• Python or SQL is a plus.
• CFA, FRM or PRM (or in progress) desirable.