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Associate Director (China Desk Operations and Development)

HONG KONG MONETARY AUTHORITYHong Kong

30+ days ago

Job description

The Hong Kong Monetary Authority (HKMA) is charged with the responsibility for maintaining the stability and integrity of the monetary and financial systems of Hong Kong.

CMU OmniClear Limited (CMU OmniClear) is a wholly owned subsidiary of the Exchange Fund. It carries out the operation and business development activities of the Central Moneymarkets Unit (CMU) on behalf of the HKMA. As part of the critical financial infrastructure in Hong Kong, CMU is a central securities depository (CSD), providing secure and efficient clearing, settlement and custodian services for securities. CMU OmniClear’s vision is to continuously enhance CMU service coverage, expand connectivity with other markets and upgrade the CMU infrastructure to provide market participants with comprehensive and quality services.

We now invite eligible candidates to join our dynamic and inclusive company for the exciting opportunity below :

Associate Director (China Desk Operations and Development)

Key Responsibilities

Lead and coordinate daily operations of the CMU, with a focus on Bond Connect and collateral management
Monitor and analyze developments on repo and collateral markets. Develop implementation arrangements for the CMU's initiatives and system enhancements related to Bond Connect and collateral management services
Support continuous operation improvement initiatives by collaborating with relevant internal and external stakeholders to prepare action plans
Review and assist in updating the CMU’s documentation, including operational procedures, contingency plans, and the PFMI Disclosure Framework, as needed
Participate in industry events on behalf of CMU OmniClear

Requirements

University degree in finance, business, or related fields

At least 5 years of experience in international and domestic bond settlement. Hands-on experience with any of the operating and settlement systems, such as CMU or other CSDs and International CSDs, is required. Experience in collateral management and tripartite repo management services is an advantage.

Solid experience in leading / coordinating the testing of application systems, e.g. preparing test plan / test cases and managing testing activities

Proficiency in MS Excel, Word, PowerPoint and knowledge of macro and VBA programming

Good command of both oral and written English and Chinese. Proficiency in Putonghua.

Candidates with supplementary experience and qualifications will also be considered, even if they do not meet all of the specified requirements above

Candidates with less experience may be considered for an offer of appointment at Senior Associate level.)

Conditions of service

Appointment will be offered by CMU OmniClear

A competitive remuneration package will be offered. There is flexibility to take account of additional experience and qualifications

Fringe benefits include medical and dental benefits and paid annual leave

How to apply :

You may submit an application via one of the following channels :

Online application

2. By Mail

Send in the hard copy application form (available either at the HKMA’s reception counter or website https : / / www.hkma.gov.hk ) to :

Recruitment Officer

Hong Kong Monetary Authority

55 / F., Two International Finance Centre

8 Finance Street, Central, Hong Kong

Copies of transcripts together with a full resumé including details of past experience should be attached to the application. Please mark your correspondence address and the position applied for on the envelope.

Completed application should reach the HKMA, via the designated submission channel, by 24 May 2025. Applicants may wish to submit their applications in advance of the deadline to allow for any unexpected delays, e.g. with internet traffic, including file size restrictions and system maintenance downtime. Those not contacted by the CMU OmniClear within three months from the closing date for applications should consider their applications filed for future reference.

CMU OmniClear is an equal opportunities employer and welcomes application from all qualified candidates. All information provided will be handled strictly in accordance with our personal data policy, a copy of which will be provided upon request. You may contact the Recruitment Officer at the above address.

The Online Application System is scheduled to perform regular system maintenance from Hong Kong time 6 : 00 a.m. to 8 : 00 a.m. every Wednesday. During this time, online application will not be available.

Learn more about the business of CMU OmniClear : www.CMUOmniClear.com .

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Associate Director • Hong Kong