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, Risk (Legal, Risk & Compliance Department)
Key Responsibilities
- Develop and implement risk policies, procedures, guidelines and frameworks to ensure effective risk management in alignment with measurement methodologies, the company’s strategic goals and industry best practices
- Identify, assess, and analyse potential risks to the organisation, including operational, market, credit, and other financial risks, along with strategies to mitigate them
- Collaborate with stakeholders to develop risk assessments and mitigation strategies
- Continuously monitor risk exposure and controls, preparing detailed reports for management and stakeholders on risk status and mitigation efforts
- Develop, prepare and maintain risk reports and dashboards to provide insights to management
- Ensure compliance with relevant regulatory requirements related to risk management
- Stay up-to-date with industry developments and emerging risks, providing guidance on risk management best practices
Requirements
- University degree in Finance, Economics, Risk Management, Accounting or related fields
- At least 8 years of experience in risk management within the financial services industry, preferably in capital markets, central securities depositories, and/or custody business
- Familiarity with financial market infrastructures (e.g. payment systems, central securities depositories)
- Understanding of the operation of Euroclear, Clearstream or DTCC is a distinct advantage
- Proven track record of developing and implementing effective risk management frameworks
- Strong understanding of risk management principles, including market risk, credit risk, operational risk, and strategic risk
- Relevant professional certifications, such as FRM or equivalent
- Organised and detail-oriented, with effective communication skills
- Strong problem-solving and analytical skills, and highly motivated with the ability to manage competing priorities and meet deadlines
- Excellent command of spoken and written English; proficiency in Chinese is preferable
- 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:
- Online application
*Online application will be temporarily suspended from 06:00 p.m. to 09:00 p.m. on 29 May 2025 due to system maintenance
- 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.
