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, Compliance (Legal, Risk & Compliance Department)
Key Responsibilities
- Develop, review and implement relevant compliance policies, procedures and guidelines, including those related to the code of conduct, personal securities trading restrictions, outside appointments, gifts and entertainments, and treasury management activities
- Enhance the anti-money laundering (AML) and know-your-customer (KYC) framework to accommodate the growing number of overseas participants in our client base·
- Develop and maintain a compliance program that aligns with industry best practices and regulatory requirements
- Ensure compliance with relevant regulatory requirements, including those related to AML and KYC
- Establish a framework for reporting and managing incidents of non-compliance to ensure timely and effective responses to compliance breaches or concerns
- Maintain relationship with regulators (e.g. Financial Market Infrastructure Oversight Division under the Hong Kong Monetary Authority) regarding compliance with the Payment Systems and Stored Value Facilities Ordinance (Cap. 584), the Principles for Financial Market Infrastructures (PFMI) and other relevant laws and regulations
- Collaborate with stakeholders to develop compliance assessments and mitigation strategies
- Develop and maintain compliance reports and dashboards to provide insights to senior management
- Stay up-to-date with industry developments and emerging regulatory requirements, providing guidance on compliance best practices
Requirements
- University degree in Finance, Business Management, Risk management, Law or related fields
- At least 8 years of experience in compliance within the financial services industry, preferably in capital markets or central securities depositories or custody business
- Familiarity with financial markets and the regulatory frameworks applicable to 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 compliance programs
- Strong understanding of compliance principles, including AML and KYC requirements
- 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 08:00 p.m. on 24 May 2025 to 08:00 a.m. on 25 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.
