Head of Operations, MD

The institution

An SFC-licensed investment bank in Hong Kong (Types 1, 4, 6 and 9), backed by a major Chinese state-owned banking group. The employer is not named. The firm covers investment banking, debt and equity capital markets, corporate finance and global markets.

The work

• Run daily operations, including clearing and settlement for securities, corporate finance and related Hong Kong business.
• Support global markets operations, primarily FICC, with secondary support for Hong Kong cash equities.
• Control operational risk and manage breaks and contingency cases.
• Keep procedures inside SFC requirements and internal policy.
• Review workflows, and write the policies for dealing, risk control and settlement.
• Set escalation and reporting so operational and risk issues reach the right level of management.
• Lead business requirements for system work, and the redesign of key processes, including processes for new business.
• Investigate settlement breaks and clear them.
• Run stress testing and risk evaluation when a business line expands.
• Prepare operations for IPOs and other primary-market transactions.

What they are looking for

• A degree in a related discipline.
• At least eight years in operations or clearing and settlement in securities or investment banking, including three years managing people.
• A working knowledge of CCASS, CMU, Euroclear and SWIFT.
• A sound knowledge of the Hong Kong securities market and SFC requirements.
• Fluent written and spoken Chinese, including Mandarin.