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:
Head of Network Management
Key Responsibilities
- Have overall responsibility for management of CMU’s relationships with custody banks and Central Securities Depositories (CSDs)
- As a newly established function within CMU, the Head of Network Management will be expected to build the Network Management team
- Handle due diligence, contract negotiation and management, operational oversight and risk management across CMU’s network
- Prospect for new network relationships and oversee their establishment as part of CMU’s commercialisation and product expansion strategy
- Maintain a P&L and deliver on annual budget targets agreed with CMU’s Board of Directors
- Lead and manage the channel management team for development and execution of client acquisition strategies, driving a robust sales pipeline and targeting key institutions for product adoption across priority markets
- Build and expand strategic relationships with prospective members and clients, identifying their needs and aligning solutions to accelerate longboarding and engagement
- Develop and implement the network management strategies to optimize the distribution of products and services, ensuring alignment with overall business objectives
- Conduct market research to identify new network opportunities and assess the competitive landscape
- Collaborate with other teams/departments to tailor go-to-market initiatives, support product position, and ensure commercial success of new offerings in line with overall business plans
Requirements
- University degree is preferred
- Ideally, at least 10-15 years of relevant experience in the securities services industry, or at a market infrastructure provider or bank
- A minimum of 5 years in a leadership role, managing a business unit with P&L responsibilities
- Familiarity with financial markets, particularly in fixed income and equities products is beneficial
- Highly organized and detail-oriented, with effective communication skills
- Strong problem-solving and analytical skills, capable of managing competing priorities and meeting deadlines
- Proven leadership skills with the ability to negotiate and influence decisions at various management levels
- Ability to adapt to changing market conditions and organizational priorities
- A proactive mindset in identifying opportunities for channel development and improvement
- Strong problem-solving skills to address challenges and conflicts within the channel
- 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
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
- 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.
