Director (Product Development)（英文版本）

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:

Director (Product Development)

Key Responsibilities

• Deliver post-trade and collateral platform solutions, including roadmaps, model designs, and product documentation
• Work closely with internal teams (Operations, IT, Risk, Compliance) to document product requirements, define workflows, and align processes with business needs
• Support the Head of Product Development in coordinating system upgrades, managing RFPs, and ensuring vendor deliverables meet business expectations
• Perform detailed pricing comparisons against global competitors and develop recommendations to enhance CMU’s commercial strategy
• Assist in driving product rollouts, ensuring seamless execution by liaising across departments and monitoring key milestones
• Gather client feedback, analyze user behaviour, and provide insights to refine CMU’s offerings and improve adoption
• Track industry and regulatory developments to ensure CMU’s products remain competitive and compliant

Requirements

• A university degree in a related field
• At least 10 years of relevant working experience in a well-established financial organisation or consultancy firm
• Previous experience as a product director within the financial services industry, focusing on one or more of the following areas: post-trade services, collateral management, business development, or related fields
• A good understanding of financial products and market, particularly in fixed income, equities. Experience in collateral management is a plus
• Proven experience in product and platform launches, from design through to delivery
• Strong analytical, communication, problem-solving, and people management skills
• Proficiency in both written and spoken English and Cantonese; Mandarin is a plus
• 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 Associate Director 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:

1. Online application
   *Online application will be temporarily suspended from 06:00 p.m. on 16 May 2025 to 09:00 p.m. on 16 May 2025, and 06:00 p.m. on 17 May 2025 to 08:00 a.m. on 18 May 2025 due to system maintenance
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 17 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.