Director, Collateral Management, 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) 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, Collateral Management, Product Development

Key Responsibilities

• Develop and expand CMU’s triparty, repo collateral service and securities lending offerings, prioritising the adoption of CGBs and other eligible asset classes in line with global best practices
• Establish business and operational models for triparty collateral management, focusing on asset eligibility, collateral optimisation, lifecycle monitoring, and service delivery standards across supported asset classes
• Develop collateral policy frameworks that include service tiers, eligibility criteria, haircut methodologies, and substitution protocols to enable scalable and efficient service delivery
• Monitor and interpret regulatory and market developments to ensure product compliance and maintain competitiveness
• Engage with institutional clients, clearing houses, CSDs, and regulators to refine service features and promote adoption
• Lead cross-functional coordination to ensure timely delivery of new initiatives and support market engagement efforts

Requirements

• University degree in Finance, Economics, or a related field
• At least 8 years of experience in collateral management services at leading financial institutions
• In-depth knowledge of triparty and repo services, including both business and operational model design
• Strong understanding of fixed income products, collateral lifecycle processes, and regulatory frameworks
• Demonstrated leadership in product strategy, client engagement, and internal stakeholder alignment
• Excellent communication and problem-solving skills; fluency in English and Cantonese is required; Mandarin is a plus

(Candidates with less experience may be considered for an offer of appointment at Associate Director Role)

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 08:00 p.m. on 7 Jun 2025 to 08:00 a.m. on 8 June 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 résumé 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 7 June 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.