Analyst/Associate - Credit Risk Management

Job Title: Analyst/Associate, Credit Risk Management

Department: Risk Management Department

Position Summary

As a key member of the Risk Management Department, you will be responsible for the robust analysis, monitoring, and reporting of credit risk oversight of our fixed income portfolios. Your primary mandate is to ensure the credit quality of the fixed income portfolio is sound, external credit ratings are critically assessed, and all risks are within the firm's defined risk appetite and policies. You will act as a vital check and balance, providing independent challenge to the investment team.

Responsibilities

• Independent Credit Risk Analysis & Rating Validation

- Conduct in-depth, independent credit analysis on bond issuers and instruments, forming a proprietary internal view of creditworthiness.

- Provide challenge-based opinions on credit ratings assigned by external agencies. Analyze the agencies' methodologies, assumptions and timeliness.

- Develop and maintain internal rating models or scorecards to complement and validate external ratings.

• Portfolio Risk Monitoring & Control

- Continuously monitor the fixed income portfolio for breaches of internal credit risk limits (e.g. single-name, sector, concentration, duration).

- Track portfolio credit metrics (e.g., average rating, duration, spread) and report on material changes or deteriorations.

- Perform stress testing and scenario analysis on the portfolio to assess potential impacts from credit events or market downturns.

- Assess key fixed income risks including interest rate risk (duration), credit/default risk, and liquidity risk.

- Collaborate with Investment Team to ensure risks are adequately identified and compensated.

• Risk Governance & Reporting

- Prepare and present authoritative credit risk reports for the Risk Committee.

- Provide independent credit risk sign-off or veto on new bond investments, ensuring alignment with risk policies.

- Ensure compliance with all relevant regulatory requirements (e.g., SFC, Insurance Authority) pertaining to credit risk management.

• Policy & Framework Development

- Assist in the development, enhancement, and enforcement of the firm's Credit Risk Management Framework, policies, and procedures.

Requirements

• Master’s degree or higher in Finance, Economics, Risk Management, Accounting, or a related quantitative field.
• Professional certifications such as CFA or FRM are highly preferred.
• A minimum of 3-5 years of direct experience in credit risk analysis, fixed income research, or a related field.
• Buy-side experience (asset management, insurance investment) is a significant advantage. Experience from sell-side (investment bank), rating agency, or bank credit department is also relevant.
• Proficient with market data tools (Bloomberg, Reuters, FactSet) and solid understanding of bond yield curves, duration, and credit spreads.
• Excellent written and verbal communication skills in English. Proficiency in Mandarin and/or Cantonese also essential.
• Strong attention to detail and ability to manage multiple tasks under deadlines.

Interested parties please send detailed resume with current and expected salary to the Human Resources Manager by email to [email protected] . All applications will be treated in strict confidence and personal data collected will be used for recruitment purposes only.