Associate Director (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 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 (Product Development)

Key Responsibilities

• Reporting to the Head of Product Development, this role will be responsible for delivery of CMU’s products and services to investor and issuer clients
• Assist to develop and expand CMU’s triparty, repo collateral service, focusing on the adoption of CGBs and other eligible asset classes in line with global best practices
• Conduct research and development for new products and services in response to, and in anticipation of, market needs, with a view to enhancing CMU’s revenue and strategic positioning
• Maintain relationships with key clients, regulators, partners and service providers to continuously review and improve CMU’s existing product and service offerings
• Manage the roll-out of new products and services from ideation through to marketing testing, collaborating with CMU’s operating teams to develop relevant systems and processes, secure regulatory approval, and facilitate market education
• Maintain a profit and loss statement and achieve annual budget targets agreed upon with CMU’s Board of Directors

Requirements

• University degree, preferably in finance, business administration, or a related field
• At least 5 years of relevant experience in the securities services industry, preferably from market infrastructure providers or banks
• Familiarity with financial markets, preferably in both fixed income and equities products
• Organised and detail-oriented, with effective communication skills
• Strong problem-solving and analytical abilities, highly motivated, and capable of managing competing priorities to meet deadlines
• Excellent command of spoken and written English; proficiency in Chinese is preferred
• 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 Senior Associate 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:

1. Online application
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 12 July 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.