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 market 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, China Desk (Development)
Key Responsibilities
- Analyse market trends and opportunities to enhance and develop capital market connect schemes
- Develop and implement strategic plans that align with market needs and regulatory guidelines
- Collaborate closely with the Mainland regulators to understand regulatory requirements, actively influence policy development, ensure compliance and facilitate the approval of new products
- Maintain strong relationships with key stakeholders, including private sector financial institutions, other financial infrastructures, and regulatory authorities
- Foster collaboration with internal teams and external partners to gather insights and feedback
- Prepare and present comprehensive reports to senior management on product performance and strategic direction, ensuring clear communication of insights and recommendations
- Promote CMU’s business through seminars and workshops
Requirements
- University degree, preferably in Finance, Business Administration, or related fields, with a strong foundation in product knowledge related to fixed income and securities services
- At least 8 years of relevant experience in fixed income, securities services, and China-related connect schemes, demonstrating expertise in associated products
- Familiarity with China’s onshore market practices and regulatory frameworks, as well as key global and regional markets, particularly regarding bond connect products
- Ability to translate client and business needs into product requirements, operating models, and service blueprints, leveraging comprehensive product knowledge
- Excellent communication and stakeholder management skills, with the ability to work across functions including operations, IT, and compliance while effectively engaging clients with product insights
- Strategic thinker with a practical mindset, comfortable balancing long-term vision with executional detail, especially in product development and implementation
- Good command of both oral and written English and Chinese with proficiency in Putonghua
- 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 13 September 2025 18:00 to 14 September 2025 07:00 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 20 September 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.
