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 CMU OmniClear Holdings Limited, which is jointly owned by the Exchange Fund (as the majority shareholder) and Hong Kong Exchanges and Clearing Limited (as the minority shareholder). 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 market 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 (CSD Product Development)
Key Responsibilities
- Drive product development for CMU services across multiple asset classes from idea validation through launch and post‑implementation enhancement
- Develop comprehensive market insights by tracking monitoring issuance, trading and post‑trade trends, competitor offerings and regulatory developments in Hong Kong and key international markets
- Maintain an extensive network of clients, intermediaries and industry bodies, leveraging these relationships to understand market needs, validate product concepts and gather feedback on existing services
- Translate agreed priorities into clear product roadmaps, business cases, and detailed requirements, balancing client demand, commercial impact and operational risk considerations
- Collaborate with operations, technology, risk, legal and compliance teams to design and deliver secure, efficient and scalable multi-asset post‑trade solutions that meet Financial Market Infrastructure (FMI) expectations
- Monitor product performance using adoption rates, transactions volumes and client feedback, and drive continuous, insight-led improvements
- Coordinate end-to-end change delivery and client readiness, including testing, documentation, training and communication for new or enhanced CMU services
Requirements
- University degree in Finance, Economics, Business, Engineering or a related discipline
- At least 5 years of experience in securities services, post‑trade operations, custody, transaction banking, collateral/treasury, market infrastructure or capital‑markets product roles, with a proven track record of delivering complex initiatives
- Strong understanding of capital markets, securities products and post‑trade processes, including the roles of Central Securities Depositories (CSDs) and custodians in clearing, settlement and safekeeping
- Familiarity with market practices and regulatory frameworksacross key global and regional markets
- Proven ability to translate client and business requirements into clear product specifications, operating models, and service blueprints
- Strong project management capability: including experience leading product initiatives from concept through to successful implementation
- Excellent communication and stakeholder management skills, with the ability to collaborate effectively across functions, such as operations, IT, compliance, clients and service providers
- Strategic thinker with a practical mindset: capable of balancing long-term vision with detailed execution
- Candidates with supplementary experience and qualifications will also be considered, even if they do not meet all of the specified requirements above
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 19 Jun 2026 20:00 to 22 Jun 2026 01:30 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 27 June 2026. 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.
