What Jobs are available for Model Risk in Hong Kong?

JOB DESCRIPTION

As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As a Quant Model Risk - Rates - Analyst within our Risk Management team, you will be responsible for assessing and mitigating the risks associated with complex models used for valuation, risk measurement, capital calculation, and decision-making purposes. This role also provides the opportunity to gain exposure to various business and functional areas, as well as collaborate closely with model developers and users.

Job responsibilities

• Carries out model reviews: analyze conceptual soundness of complex pricing models, engines, and reserve methodologies; assess model behavior and suitability of pricing models/engines to particular products/structures
• Provides guidance on model usage and act as first point of contact for the business on all new models and changes to existing models
• Develop and implement alternative model benchmarks and compare the outcome of various models; Design model performance metrics
• Document the model review findings and communicate them to stakeholders
• Liaises with model developers, Risk and Valuation Control Groups and provide guidance on model risk
• Evaluates model performance on a regular basis

Required qualifications, capabilities, and skills

• Minimum of a Master's degree in Quantitative Finance, Mathematics, Physics or a related discipline
• Minimum of 1 year of experience in a quantitative analysis role
• Excellence in probability theory, stochastic processes, statistics, and numerical analysis
• Strong understanding of option pricing theory and quantitative models for derivatives
• Experience with Monte Carlo and numerical methods
• Strong analytical and problem-solving abilities
• Good coding skills, for example in C/C++ or Python
• Inquisitive nature with excellent communication skills
• Teamwork-oriented mindset

Preferred qualifications, capabilities, and skills

• Experience with pricing derivatives
• Experience in a front office or model risk quantitative role

ABOUT US

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

ABOUT THE TEAM

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.

As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities.  Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As a Quant Model Risk Analyst within our Risk Management team, you will be responsible for assessing and mitigating the risks associated with complex models used for valuation, risk measurement, capital calculation, and decision-making purposes. This role also provides the opportunity to gain exposure to various business and functional areas, as well as collaborate closely with model developers and users.

Job responsibilities

• Evaluate conceptual soundness of model specifications, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability and comprehensiveness of performance metrics and risk measures
• Perform independent testing of models by replicating or building benchmark models
• Design and implement experiments to measure the potential impact of model limitations, parameter estimation errors, and deviations from model assumptions; compare model outputs with empirical evidence or outputs from model benchmarks
• Evaluate the risks posed by non-transparent model parameters and/or non-linear relationships, and suggest ways to mitigate such risks
• Document the model review findings and communicate them to stakeholders
• Serve as the first point of contact for model governance related inquiries for the coverage area, and help identify and escalate issues to ensure that their resolutions are sound and timely
• Provide guidance on the appropriate usage of models to model developers, users, and other stakeholders in the firm
• Stay abreast of the ongoing performance testing outcomes for models used in the coverage area, and communicate those outcomes to stakeholders
• Maintain the model inventory and model metadata for the coverage area
• Maintain the pace with the latest developments in coverage area in terms of products, markets, models, risk management practices, and industry standards

Required qualifications, capabilities, and skills

• Minimum of a Master's degree in Quantitative Finance, Mathematics, Physics or a related discipline
• Minimum of 1 year of experience in a quantitative analysis role in the banking industry
• Strong analytical and problem-solving abilities
• Excellence in probability theory, stochastic processes, statistics, and numerical analysis
• Good understanding of option pricing theory (i.e. quantitative models for pricing and hedging derivatives option)
• Good coding skills, for example in C/C++ or Python
• Inquisitive nature with excellent communication skills
• Teamwork-oriented mindset

Preferred qualifications, capabilities, and skills

• Experience with pricing derivatives.
• Data and numeric programming (NumPy, SciPy, Pandas, etc.)
• Experience of working with tensorflow and other ML packages

JOB DESCRIPTION

As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As a Quant Model Risk Analyst within our Risk Management team, you will be responsible for assessing and mitigating the risks associated with complex models used for valuation, risk measurement, capital calculation, and decision-making purposes. This role also provides the opportunity to gain exposure to various business and functional areas, as well as collaborate closely with model developers and users.

Job responsibilities

• Evaluate conceptual soundness of model specifications, reasonableness of assumptions, reliability of inputs, completeness of testing, correctness of implementation, and suitability and comprehensiveness of performance metrics and risk measures
• Perform independent testing of models by replicating or building benchmark models
• Design and implement experiments to measure the potential impact of model limitations, parameter estimation errors, and deviations from model assumptions; compare model outputs with empirical evidence or outputs from model benchmarks
• Evaluate the risks posed by non-transparent model parameters and/or non-linear relationships, and suggest ways to mitigate such risks
• Document the model review findings and communicate them to stakeholders
• Serve as the first point of contact for model governance related inquiries for the coverage area, and help identify and escalate issues to ensure that their resolutions are sound and timely
• Provide guidance on the appropriate usage of models to model developers, users, and other stakeholders in the firm
• Stay abreast of the ongoing performance testing outcomes for models used in the coverage area, and communicate those outcomes to stakeholders
• Maintain the model inventory and model metadata for the coverage area
• Maintain the pace with the latest developments in coverage area in terms of products, markets, models, risk management practices, and industry standards

Required qualifications, capabilities, and skills

• Minimum of a Master's degree in Quantitative Finance, Mathematics, Physics or a related discipline
• Minimum of 1 year of experience in a quantitative analysis role in the banking industry
• Strong analytical and problem-solving abilities
• Excellence in probability theory, stochastic processes, statistics, and numerical analysis
• Good understanding of option pricing theory (i.e. quantitative models for pricing and hedging derivatives option)
• Good coding skills, for example in C/C++ or Python
• Inquisitive nature with excellent communication skills
• Teamwork-oriented mindset

Preferred qualifications, capabilities, and skills

• Experience with pricing derivatives.
• Data and numeric programming (NumPy, SciPy, Pandas, etc.)
• Experience of working with tensorflow and other ML packages

ABOUT US

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

ABOUT THE TEAM

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.

Market Risk/Model Risk/Quantitative Risk Hiring - Multiple Roles Across Leading Financial Institutions (Hong Kong)

We are hiring across several newly created risk positions at top-tier financial institutions in Hong Kong. These roles offer exposure to multi-asset classes, cutting-edge risk systems, and strong career growth.

Global Financial Services Firm - Inter-Dealer Brokerage (OTC Focus)

Role: Quant Risk Analyst - Counterparty Credit & Market Risk

• Focus on OTC products and financial risk
• Strong SQL/Python programming required
• Open to non-Chinese speakers
• Ideal for candidates with UK financial services experience
• Salary: HKD 60, ,000/month

Chinese Top-Tier Securities Firm - FICC Department

Role: FICC Risk Analyst

• Monitor daily risk across credit, macro, equity, and derivatives
• Prefer candidates from bulge bracket banks
• 3+ years buy-side FICC risk experience
• Strong Python, C++, SQL skills
• Bilingual in Chinese and English

Chinese Securities Firm - Option Pricing Risk

Role: Option Pricing Risk AVP/VP/Director

• Prior experience in option trading risk required
• Night shift support initially to stabilize risk systems
• Model validation for options pricing
• Chinese language required
• Salary: HKD 50, ,000/month
• Senior candidates may be considered for Deputy Head

Chinese Securities Firm - Model Risk (VP/Director Level)

Role: Model Risk Lead - OTC Derivatives

• Design and validate valuation and risk models
• Focus on equity and FICC derivatives, stress testing
• New headcount due to expansion
• Salary: HKD 70, ,000/month
• Chinese language preferred

Application:

Interested candidates with strong quantitative and analytical backgrounds are encouraged to send your latest CV to to discuss the potential hiring.

Market Risk/Model Risk/Quantitative Risk Hiring - Multiple Roles Across Leading Financial Institutions (Hong Kong)

We are hiring across several newly created risk positions at top-tier financial institutions in Hong Kong. These roles offer exposure to multi-asset classes, cutting-edge risk systems, and strong career growth.

Global Financial Services Firm - Inter-Dealer Brokerage (OTC Focus)
Role: Quant Risk Analyst - Counterparty Credit & Market Risk

• Focus on OTC products and financial risk
• Strong SQL/Python programming required
• Open to non-Chinese speakers
• Ideal for candidates with UK financial services experience
• Salary: HKD 60, ,000/month

Chinese Top-Tier Securities Firm - FICC Department
Role: FICC Risk Analyst

• Monitor daily risk across credit, macro, equity, and derivatives
• Prefer candidates from bulge bracket banks
• 3+ years buy-side FICC risk experience
• Strong Python, C++, SQL skills
• Bilingual in Chinese and English

Chinese Securities Firm - Option Pricing Risk
Role: Option Pricing Risk AVP/VP/Director

• Prior experience in option trading risk required
• Night shift support initially to stabilize risk systems
• Model validation for options pricing
• Chinese language required
• Salary: HKD 50, ,000/month
• Senior candidates may be considered for Deputy Head

Chinese Securities Firm - Model Risk (VP/Director Level)
Role: Model Risk Lead - OTC Derivatives

• Design and validate valuation and risk models
• Focus on equity and FICC derivatives, stress testing
• New headcount due to expansion
• Salary: HKD 70, ,000/month
• Chinese language preferred

Application:

Interested candidates with strong quantitative and analytical backgrounds are encouraged to send your latest CV to to discuss the potential hiring.

JOB REFERENCE

BOCI00832

CONTRACT TYPE

Permanent

DIVISION

Risk Management

JOB FUNCTION

N/A

The Role

AVP/VP, Model Risk Management and Validation, Risk Management

Key Accountabilities

• Assist in formulating, reviewing and improving model risk management/ model validation policy and procedure;
• Liaison with LOD1 on controls around model development, implementation, model use and ongoing monitoring;
• Responsible for model validation and testing, with coverage in risk models, valuation models, and algorithmic trading models;
• Coordinate with head office, risk control teams, finance and business units for risk modelling, including model update, maintenance, and workflow automation;
• Partner with IT/Business Operation on data quality, completeness, and logistics checking and rectification to ensure accurate model results and risk reporting;
• Monitor and analyze emerging trends in model risk management/valuation methodologies, regulatory developments, and industry best practices;
• Support regulatory engagement and external audit processes.

Skills & Experience

• Bachelor's or Master's degree in financial engineering, quantitative risk management, or other STEM disciplines;
• Over 5 years of experience in risk management, valuation control, model validation, and quantitative analytics related business functions within a bank, consulting firm or other financial institutions;
• Excellent analytical, quantitative and problem-solving skills;

• Strong knowledge of derivatives pricing theory including both vanilla and exotic derivatives;

• Proficiency in Excel VBA and Python is essential; experience with C/C++, Java, or other programming languages is a plus;

• Excellent communication and writing skills in both Chinese (including Putonghua) and English;

• FRM (Financial Risk Manager) certification is preferred;
• Experiences with Algo Trading is advantageous.

Other Information

• Please apply in strict confidence with full resume, academic record, current and expected salaries;
• The personal data provided will be used for consideration of recruitment only. All personal data of unsuccessful candidate will be destroyed within 24 months;
• Candidates with Enhanced Competency Framework (ECF): please state on the CV.

About BOCI

As a leading investment bank in China and Hong Kong region, the investment banking arm of Bank of China, BOC International Holdings Limited ("BOCI"), is now seeking highly motivated, creative and success-oriented professional who would like to pursue the career in our group.

Key Accountabilities

• Assist in formulating, reviewing and improving model risk management/ model validation policy and procedure;
• Liaison with LOD1 on controls around model development, implementation, model use and ongoing monitoring;
• Responsible for model validation and testing, with coverage in risk models, valuation models, and algorithmic trading models;
• Coordinate with head office, risk control teams, finance and business units for risk modelling, including model update, maintenance, and workflow automation;
• Partner with IT/Business Operation on data quality, completeness, and logistics checking and rectification to ensure accurate model results and risk reporting;
• Monitor and analyze emerging trends in model risk management/valuation methodologies, regulatory developments, and industry best practices;
• Support regulatory engagement and external audit processes.

Skills & Experience

• Bachelor's or Master's degree in financial engineering, quantitative risk management, or other STEM disciplines;
• Over 5 years of experience in risk management, valuation control, model validation, and quantitative analytics related business functions within a bank, consulting firm or other financial institutions;
• Excellent analytical, quantitative and problem-solving skills;
• Strong knowledge of derivatives pricing theory including both vanilla and exotic derivatives;
• Proficiency in Excel VBA and Python is essential; experience with C/C++, Java, or other programming languages is a plus;
• Excellent communication and writing skills in both Chinese (including Putonghua) and English;
• FRM (Financial Risk Manager) certification is preferred;
• Experiences with Algo Trading is advantageous.

Other Information

• Please apply in strict confidence with full resume, academic record, current and expected salaries;
• The personal data provided will be used for consideration of recruitment only. All personal data of unsuccessful candidate will be destroyed within 24 months;
• Candidates with Enhanced Competency Framework (ECF): please state on the CV.

About BOCI

As a leading investment bank in China and Hong Kong region, the investment banking arm of Bank of China, BOC International Holdings Limited ("BOCI"), is now seeking highly motivated, creative and success-oriented professional who would like to pursue the career in our group.

The Company

We are looking for an Operational Risk Officer to manage financial crime alerts, including name screening and transaction monitoring. The role involves assessing risks, documenting findings, and escalating cases in compliance with AML/CTF regulations and internal standards.

Responsibilities

• Analyze name screening alerts to detect potential links to sanctioned entities, politically exposed persons, or negative media coverage.
• Examine transaction monitoring alerts for signs of suspicious behavior such as structuring, third-party involvement, or irregular transaction patterns.
• Record findings and decisions accurately within the FCRM system.
• Refer confirmed or questionable cases to supervisors, Compliance, or the Money Laundering Reporting Officer for further action.
• Ensure all alert processing activities align with internal AML/CTF guidelines and external regulatory standards.
• Maintain comprehensive documentation and audit trails for all reviewed alerts.
• Adhere to maker-checker procedures and complete assigned alerts within required timeframes.
• Collaborate with the Quality Assurance team to uphold consistency and accuracy in alert assessments.
• Engage in training and feedback sessions to enhance alert handling practices.
• Communicate effectively with colleagues and escalate any issues or uncertainties promptly.
• Assist with retrospective reviews, data cleansing initiatives, and thematic investigations as needed.
• Carry out ad-hoc assignments as directed.

Requirements

• Diploma or degree in Business, Finance, Risk Management, or a related field.
• 1-3 years of experience in AML operations, compliance, or financial crime detection.
• Experience with FCRM or similar screening/monitoring systems is advantageous.
• Solid understanding of AML/CFT frameworks and risk indicators.
• Strong analytical and documentation capabilities.
• Ability to work independently under pressure and meet deadlines.
• Effective team player with good interpersonal and communication skills.
• Proficient in both English and Chinese, written and spoken.

Apply Today

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Risk Analyst

• Risk Assessment & Evaluation: Perform comprehensive risk assessments and quantitative analysis on the firm's various businesses and financial products, including but not limited to direct investments, securities financing, futures, and FX.
• Daily Monitoring & Reporting: Conduct daily monitoring of product risk parameters (e.g., VaR, position concentration, leverage) and prepare periodic risk management reports for management review.
• Framework & Policy Enhancement: Continuously review, recommend, and update the company's risk management framework, policies, and controls, taking into consideration the firm's strategy, the latest regulatory requirements (e.g., from the SFC), and emerging risk scenarios.
• Operational Risk Management: Facilitate the collection, investigation, and follow-up of operational risk incidents. Conduct data analysis and reporting to optimize internal processes and mitigate potential losses.
• Business Process Review: Participate in reviewing the company's business workflows, policies, and procedures, providing professional advice from a risk management perspective to enhance overall operational efficiency and security.
• Business Continuity Planning (BCP): Assist in developing, reviewing, and updating the Business Continuity Plan to incorporate changes in organizational structure and regulatory requirements.

Compliance Support

• Internal Control & Assessment: Collaborate with internal teams to perform regular internal control and self-assessment reviews, ensuring strict adherence to regulatory guidelines and company policies.
• Compliance Assistance: Assist the Compliance team in handling daily inquiries, preparing regulatory filings, and responding to queries from regulatory bodies.
• Ad-hoc Projects: Participate in and execute other ad-hoc assignments or projects as designated by management.

Requirements:

• Academic Background: Bachelor's degree or above in Finance, Risk Management, Business Administration, or a related discipline. Professional qualifications such as CFA or FRM are highly preferred.
• Professional Experience: A minimum of 2 years of relevant experience in risk management, preferably within the asset management, securities, or financial services industry.

• Professional Knowledge:

• Familiarity with the operational processes of the asset management industry and related financial products. Experience with complex structured products or derivatives is a significant advantage.

• Solid understanding of relevant regulations and guidelines from the Hong Kong Securities and Futures Commission (SFC) and a good grasp of operational risk management tools.
• Technical Skills: Proficiency in MS Office, particularly Excel (e.g., PivotTables, advanced formulas).

• Personal Attributes:

• Detail-oriented with strong teamwork, planning, and execution skills.

• Excellent problem-solving abilities and capable of working independently with minimal supervision.
• Language Skills: Excellent command of both written and spoken English and Chinese (Cantonese and Mandarin).