Chief Risk Officer (Securities)

JOB DESCRIPTION
Position: Chief Risk Officer (CRO)
Reports to: Chief Executive Officer (CEO)
1. Position Purpose
The Chief Risk Officer (CRO) is responsible for establishing, operating, and overseeing the Company’s enterprise-wide risk management framework, ensuring sustainable business growth while effectively managing key risks, particularly those related to margin lending activities, market risk, liquidity risk, and operational risk.
This position serves as a strategic partner to the Executive Management Team in balancing business growth objectives with the Company’s risk appetite.
2. Key Responsibilities
A. Risk Management Strategy & Framework Development
• Develop the overall risk management strategy aligned with the Company’s business objectives and long-term development plans.
• Establish the Risk Appetite Framework, risk limits, and risk monitoring mechanisms across the organization.
• Develop risk management policies, procedures, and standards in line with market best practices and regulatory requirements.
• Advise the CEO and Executive Management Team on significant risk issues that may impact business operations.
B. Margin Lending Risk Management (Primary Focus)
•Design and manage the risk management framework for margin lending activities.
•Establish margin exposure policies and limits based on:
o Customer segments;
o Industry sectors;
o Individual securities;
o Market liquidity;
o Price volatility;
o Quality of collateral assets.
•Develop an early warning system for the margin portfolio, including:
o Monitoring loan-to-collateral ratios;
o Monitoring concentration risk;
o Controlling high-risk stock portfolios;
o Supervising accounts with declining safety ratios.
•Lead the development of mechanisms for:
o Loan-to-value (LTV) adjustments;
o Exposure reduction;
o Lending restrictions;
o Handling non-compliant accounts;
o Risk control during periods of significant market volatility.
• Develop margin portfolio stress-testing models under scenarios such as:
o Severe market downturns;
o Market liquidity deterioration;
o Significant declines in leading stocks;
o Concentration risk involving major customers or institutional clients.
• Evaluate margin portfolio quality and provide regular reports to the CEO and Executive Management Team.
• Coordinate with the Business, Brokerage, and Finance divisions to ensure margin loan growth is managed in a prudent and sustainable manner.
C. Market and Investment Risk Management
• Develop risk measurement and monitoring systems for:
o Proprietary trading activities;
oBrokerage operations;
o Margin lending activities;
o Other investment products.
• Establish risk limits by:
o Investment portfolio;
o Industry sector;
o Asset class;
o Market volatility level.
• Collaborate in assessing investment decisions and new products before implementation.
D. Customer Credit Risk Management
• Develop standards for assessing the financial capacity and creditworthiness of margin customers.
• Build customer risk-rating and classification systems.
• Monitor collateral quality and debt recovery capability.
• Recommend preventive measures and credit risk mitigation solutions.
E. Operational Risk & Compliance Management
• Establish the Company-wide operational risk management framework.
• Work closely with the Legal & Compliance function to ensure compliance with applicable laws and regulations.
• Identify, assess, and mitigate risks arising from:
o Business processes;
o Technology systems;
o Human resources;
o Internal fraud.
F. Team Leadership & Risk Capability Development
• Design the organizational structure and responsibilities of the Risk Management Division.
• Recruit, train, and develop risk management professionals.
• Foster a risk-aware culture throughout the Company.
• Ensure the Risk function maintains independent oversight while acting as a business partner to support sustainable growth.
3. Candidate Requirements
Education
• Bachelor’s degree or higher in:
o Finance;
o Banking;
o Securities;
o Economics;
o Risk Management;
o Or related disciplines.
• Preferred professional certifications:
o CFA (Chartered Financial Analyst);
o FRM (Financial Risk Manager);
o PRM (Professional Risk Manager);
o Other internationally recognized financial risk management certifications.
Experience
• Minimum 12–15 years of experience in risk management.
• At least 8 years of experience in senior risk management leadership roles.
• Strong expertise in:
o Margin lending operations within securities firms;
o Loan portfolio management;
o Market risk management;
o Early warning systems;
o Stress testing methodologies.
• Preference will be given to candidates who have held equivalent positions within the securities industry.
Core Competencies
• Strategic thinking with a holistic understanding of risk.
• Strong financial and market data analysis capabilities.
• Ability to make effective decisions in highly volatile environments.
• Excellent communication and influencing skills when engaging with executive management.
• Proven ability to build risk management frameworks and systems from the ground up.
• Strong judgment in balancing business growth objectives with prudent risk management practices.



 

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