About Us

At ANZ, we're shaping a world where people and communities thrive, driven by a common goal: to improve the financial wellbeing and sustainability of our customers. Our Institutional bank helps our largest customers move trade and capital around the region, providing our people with great opportunities to build their technical expertise and their careers.

About the Role

As Head of Market Risk, China in our Institutional Risk team, you will be responsible for leading the oversight and management of Traded Market Risk, Balance Sheet Market Risk, and Non-Traded Market Risk—including Interest Rate Risk in the Banking Book (IRRBB) and Liquidity Risk across ANZ China.

You will ensure that all material risks are identified, quantified using sound methodologies, and managed within approved limits and policy frameworks. This includes designing a robust limit structure that supports business growth while meeting both local regulatory requirements and ANZ Group standards. As a key member of the China Risk team, you will also support the CRO China in driving strategic risk initiatives, enhancing governance, and delivering strong performance in a dynamic and evolving market environment.

Banking is changing and we’re changing with it, giving our people great opportunities to try new things, learn and grow. Whatever your role at ANZ, you’ll be building your future, while helping to build ours. 

Role Location: Shanghai, China 
Role Type: Permanent, Full-time

What will your day look like?

As Head of Market Risk, China in our Institutional Risk team, your day will be a blend of strategic leadership, technical expertise, and cross-functional collaboration. You will:

• Act as a subject matter expert on market risk, strengthening governance and ensuring compliance with internal policies and external regulatory requirements
• Escalate material market risk issues and breaches to the CRO, relevant committees, and the ANZ China Board, while advising on the setup and implementation of market risk policies and procedures
• Monitor market risk exposures including VaR, stress testing, and limit management ensuring risks are accurately identified, measured, and managed
• Understand and challenge the limitations of models, metrics, and controls, and implement compensating measures where needed
• Assist in the development and ongoing management of the market risk limit framework to support business growth and regulatory compliance
• Ensure market risk capital calculations are accurate, efficient, and aligned with regulatory expectations
• Support local regulatory and audit engagements, including conduct risk matters, ensuring timely and effective resolution
• Stay informed on current and emerging regulatory requirements, proactively adapting risk practices as needed
• Call out issues beyond direct responsibility, such as operational or compliance risks when observed, contributing to a culture of accountability
• Drive continuous improvement by automating and optimizing local market risk processes in line with industry best practices

• Champion a strong risk culture across the business, consistently demonstrating and promoting ANZ values

What will you bring?

To grow and be successful in this role, you will ideally bring the following:

• Tertiary qualification in a quantitative discipline, with strong commercial acumen and risk awareness
• Extensive experience in market risk and liquidity risk, with strong exposure to China’s onshore/offshore markets
• Deep understanding of China regulatory frameworks and BASEL requirements for banking and trading books
• Proven ability to communicate complex risk concepts clearly to senior executives and regulators
• Fluency in Mandarin, essential for stakeholder engagement and regulatory liaison
• Strong grasp of model risk across multiple asset classes and risk metrics
• Demonstrated ability to influence outcomes and build trusted relationships across the business
• Experience managing regulatory and audit requirements with precision and professionalism
• Existing relationships within the Markets business to navigate current and future risk challenges
• High adaptability and resilience in a dynamic, evolving environment
• Strategic mindset with experience in change management and global collaboration
• Familiarity with broader market regulations, including offshore regulatory regimes

You’re not expected to have 100% of these skills. At ANZ a growth mindset is at the heart of our culture, so if you have most of these things in your toolbox, we’d love to hear from you.

Job Posting End Date

17/10/2025 , 11.59pm, (Melbourne Australia)