APAC Prime Finance and FDC (Futures & Derivatives Clearing) Risk Manager Job at Citi (Hong Kong)

Job Description

Citi is seeking a senior In-Business Risk (IBR) professional to join the APAC Equities franchise, reporting to the APAC Head of In-Business Risk. This role carries responsibility for counterparty and platform risk management across Prime Brokerage, FX Prime Brokerage (FXPB), Futures & Derivatives Clearing (FDC), Equity Derivatives (QIS strategies), and, Equity Cash. The APAC IBR team covers both regional and global clients investing in APAC, engaging with Hedge Funds, Real Money counterparties, Banks, Insurance companies and Sovereign Wealth Fund counterparties.

Job Responsibility

Oversee daily client portfolio exposures to ensure risks are controlled, optimally sized, and within approved limits
Serve as a senior escalation point for counterparty risk events, emerging credit concerns, and crisis management across all covered business lines
Facilitate new client trades and manage existing portfolio exposures, ensuring market-driven counterparty risk, documentation, legal, and reputational risks are well-controlled
Interface directly with clients to help Citi grow the platform
participate in client pitches, term negotiations, and ongoing dialogue to support risk-efficient returns growth
Work closely with Sales and Client Onboarding teams to ensure appropriate risk frameworks are in place from inception
Perform trade and portfolio risk analysis incorporating scenario stress testing, sensitivity analysis (Greeks, VaR, liquidation costs), and margin adequacy assessments
Formulate views on product risk appetite
review and challenge business stakeholder requests with a balanced risk-reward perspective
Establish and maintain limit structures and governance processes to ensure clients operate within approved risk parameters
Identify and escalate emerging risks — credit, market, operational, or legal — to senior management
proactively propose risk solutions
Ensure full compliance with In-Business Risk Procedures, regional regulatory requirements, and applicable policies
Serve as IBR product SME for regulatory inquiries
Communicate risk views to senior management and represent IBR in senior forums
articulate and defend divergent risk positions with conviction
Work closely with Credit Risk Management on client onboarding, limit sizing, and dynamic margin methodologies
Collaborate with Market Risk, Quant (MQA), and stress test developers to build models for accurate measurement of overnight and intraday client exposure
Modernize intraday risk and margin controls
drive process re-engineering in partnership with Product, Technology and Operations
Develop strategic risk solutions and platform enhancements to advance Citi's competitive advantage
participate in IT book of work prioritization
Mentor and develop junior talent within the global IBR team

Requirements

Extensive front-office risk management experience (1LoD) in an institutional setting
15+ years in financial services preferred, with experience leading analytical teams preferred
Subject matter expertise in Prime Brokerage and FXPB platforms, including cash and synthetic prime, equity delta one, and secured financing structures
Ability to work well with cross-functional teams from Product, Sales, Credit, Risk, Technology, Operations, Legal and Compliance
Working knowledge of Cash Equities, Futures, OTC Clearing, and QIS, including systematic and factor-based investment approaches
Experience with Prime Brokerage and Listed derivatives client documentation (PBAs, ISDAs, CSAs, Clearing Agreements, Market specific clearing agreements) and negotiating term agreements
Previous client-facing experience with hedge funds and institutional counterparties, including APAC-based clients
Experience engaging with regulators (e.g., MAS, SFC, HKMA) on risk management-related issues preferred
Exceptional analytical and quantitative modelling skills with strong attention to detail
Scenario stress testing acumen
ability to balance risk and reward to facilitate business growth
Strong written and verbal communication skills
able to convey complex risk concepts to senior management, clients, and regulators
Collaborative across cross-functional teams — Structuring, Sales, Trading, Credit Risk, Technology, Operations, Legal, and Compliance
Solutions-oriented client engagement mindset
ability to challenge the status quo and re-engineer processes
Programming skills desirable: Python, Excel (VBA), SQL

Nice to have

Experience engaging with regulators (e.g., MAS, SFC, HKMA) on risk management-related issues
Programming skills: Python, Excel (VBA), SQL

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APAC Prime Finance and FDC (Futures & Derivatives Clearing) Risk Manager

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