Overview
ASX is powering Australia's financial markets. When you join ASX, you’re joining a company with a strong purpose – to power a stronger economic future by enabling a fair and dynamic marketplace for all. We are a leading global securities exchange known for being a trusted market operator and an exciting data hub. We are more than a securities exchange, and we value diversity and inclusion across the organisation. We support flexible working and offer hybrid options. We will arrange background checks, including reference and police checks, as part of the onboarding process.
In this role, you will provide oversight of market, counterparty and liquidity risk exposures in ASX Clearing House. The Clearing Risk Control team oversees day-to-day market, counterparty and liquidity risk exposures in ASX Clearing Houses and runs default management activities. The role requires a strong financial risk management background, technical capability, and a commercial and customer mindset. The candidate will work closely with Line 1 and other Risk Management teams and should have a strong control mindset and practical understanding of models, trading and hedging of ASX products.
Responsibilities
- Undertake Clearing Risk Control activities in accordance with agreed policies, standards and procedures (including, but not limited to).
- Proactively manage clearing risk exposures arising from novated positions of clearing participants and assess actions to ensure adequacy of margins.
- Execute financial risk management frameworks and processes to ensure clearing risks are monitored, measured, understood, explained and escalated.
- Develop a deep understanding of clearing participants’ positions and exposures (including default management strategies) and ensure adequate financial resources are held.
- Provide analysis and present results to governance forums to support key model assumptions.
- Provide input and support on special projects and ad hoc tasks related to clearing risk management systems and processes, including completing UAT as required.
Your Experience And Qualifications
Must have
- At least 5 years’ domestic or international experience in a clearing house, trading desk or traded market risk in an investment or commercial bank.
- Strong grasp of clearing risk management concepts including pricing, exposure to market risk and a track record of contributing to project delivery as a subject matter expert.
- Financial risk management and global markets experience across a range of asset classes.
- In-depth understanding of market risk metrics such as VaR, SVaR, Greeks, stress testing, sensitivities and PnL analysis.
- Tertiary qualifications in a numerical discipline.
Nice To Have
- Experience of writing UAT test cases and performing UAT for system changes and product launches.
- Trading or hedging experience using listed products to reduce market risk exposure.
- Knowledge of ASX products, with experience in interest rates and equity markets.
- Understanding of statistical concepts and the ability to understand model documentation and the risk management implications of models.
We make hiring decisions based on your skills, capabilities and experience, and how you’ll help us live our values. If you need adjustments during the application or interview process to help you present your best self, please let us know. We encourage you to apply even if you don’t meet all the criteria of this role.
At ASX Group, our diverse workforce is essential to build and maintain a fair and dynamic marketplace. We support adaptable working and hybrid arrangements.
We will arrange for successful candidates to have background checks, including reference and police checks, completed as part of the onboarding process.
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📌 Senior Analyst, Clearing Risk Control
🏢 ASX
📍 City of Sydney