Risk Manager - Fixed Income (Bonds & Rates)

We’re hiring a Risk Manager to support risk across our global trading business, with a primary focus on fixed income and interest rate derivatives. The role covers our proprietary trading desks and multi-strategy fund. It provides hands-on, day-to-day risk monitoring and reporting in fast-moving trading environments, working closely with our global team under the direction of senior management

Key Responsibilities

• Monitor the firm’s trading-book risk daily, with a particular focus on bonds, repo and interest rate swaps, measuring and reporting exposures against the approved risk appetite and limit frameworks.
• Track DV01/PV01, duration, curve, key-rate and credit spread exposure on live positions, and monitor limit utilisation.
• Produce the daily risk report and limit log, reconcile positions, and independently verify bond and swap valuations.
• Run regular stress tests and scenario analysis (parallel and non-parallel curve shifts, spread widening, liquidity shocks), and prepare monthly risk packs covering VaR, Expected Shortfall, P&L attribution and key risk metrics.
• Monitor counterparty and margin risk, including credit lines, repo haircuts, collateral and margin calls, and engage with brokers, banks and counterparties on routine risk matters.
• Support the review of new strategies, products and instruments, flagging risk considerations before implementation.
• Escalate promptly to senior management when risk limits, policies or governance standards are at risk of being breached.
• Assist in preparing materials and responses for the Hong Kong SFC and other regulatory authorities as directed.
• Help automate risk monitoring and reporting using Excel/VBA, Python or AI-enabled tools

Requirements

• 2–4 years in markets/trading risk control, with direct exposure to fixed income: bonds, repo, interest rate swaps, or other rates/credit derivatives.
• Relevant backgrounds include securities firm FICC or fixed income proprietary desks (券商固收自营), bond-focused private funds, hedge funds, prop trading firms, or futures risk-management subsidiaries.
• Hands-on experience monitoring VaR, Expected Shortfall, DV01/duration and limit frameworks on live positions.
• Good understanding of fixed income instruments and rates market dynamics.
• Advanced Excel (VBA/macros, PivotTables). Python or SQL is a plus.
• CFA, FRM or PRM (or progress toward them) is desirable.
• Bachelor’s degree or above in finance, economics, mathematics or a related field.
• Confident communicator, fluent in English and Mandarin. 
• Meticulous, resilient under pressure, and comfortable challenging traders when needed.