Assistant Vice President - Settlement Operations - Clearance, Settlement & Trading Operations

Hong Kong Exchanges and Clearing Limited
Hong Kong, Hong Kong
Jan 31, 2023
Feb 14, 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
HKEX - Exchange Square

Standard - 40 Hours (Hong Kong SAR)

Scheduled Weekly Hours:

Worker Type:

Job Summary:
Candidate is expected to act as a checker to support Cash and Derivatives daily settlement operations for both Hong Kong and China Connect markets. He/she would be a subject matter expert to oversight respective area of operations, coach junior teammates, prevent exceptions, support projects and escalation as appropriate.

Job Duties:

Job Responsibilities
  • Work as a checker role to cover day-to-day settlement related operations in cash markets (Hong Kong market and Stock Connect markets) in accordance with established rules and procedures (e.g. settlement fails operations);
  • Supervise junior teammates to complete day-to-day operations;
  • Prepare regular and ad hoc statistical and analysis reports to management and regulators;
  • Handle exceptions and contingency situations with proper escalation to team head;
  • Collaborate with internal departments and liaise with external business counterparts such as regulators, clearing participants and system vendors in operation issues;
  • Review and streamline workflows, identify and implement potential opportunities of efficiency and accuracy gains;
  • Key responsibilities include (i) ensuring smooth and timely operations; (ii) being a key person to escalate and mitigate operational exceptions and (iii) Be a subject matter expert in settlement operation functions for project implementation including enhancing internal operational procedures and workflows for implementation of new initiatives (including conducting user acceptance test as appropriate).
Job Requirements:
  • University Degree, preferably in Finance / Business Administration / Economics or related disciplines;
  • At least 8 years' relevant working experience (preferably in Cash and Derivatives operations), of which at least 2 years at managerial level with people management experience, in well-established financial organization;
  • Knowledge of China Connect, CCASS and DCASS operations, securities and money settlement cycle in Cash and Derivatives markets;
  • Knowledge of HKSCC/HKCC/SEOCH Rules and Procedures and local regulatory framework is preferred;
  • Excellent leadership, interpersonal, communications, analytical, problem solving, writing and presentation skills;
  • Good PowerPoint/Excel/Access skills; visual basic programming an advantage;
  • Good command of written and spoken English and Chinese; proficiency in Putonghua an advantage.
Company Introduction:

Hong Kong Exchanges and Clearing Limited (HKEX) is one of the world's major exchange groups, and operates a range of equity, commodity, fixed income and currency markets. HKEX is the world's leading IPO market and as Hong Kong's only securities and derivatives exchange and sole operator of its clearing houses, it is uniquely placed to offer regional and international investors access to Asia's most vibrant markets.

As the global markets leader in the Asian time-zone, we offer a world of opportunities for early careers and experienced hires. Here, we know that diverse thinking fosters better solutions, and we are committed to building an open and dynamic environment which allows our business to innovate and our people to thrive.

Discover the latest career opportunities and programmes at HKEX.

HKEX is committed as an Equal Opportunity Employer. Diversity is one of our core values and we look to support, respect diverse perspectives, abilities, culture and experiences within our workplace.
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