Custody Product Manager - VP (Familiar with CCASS / CMU)

Hong Kong Permanent HK$50,000 - HK$80,000 per month (HK$600,000 - HK$960,000 per year)
  • Established bank with escrow, trust, custody and corporate banking services
  • Sound knowledge of CCASS/CMU operations is required

About Our Client

Established bank with escrow, trust, custody and corporate banking services

Job Description

  • Support Product Management team to develop and execute the strategy for the Post-Trade Product suite
  • Define and drive to deliver the target operating model for the Post-trade business
  • Regularly reviews the product suite to ensure its competitiveness and viability
  • Follow closely on regulatory and policy change, and ensure the products and services offering are in line with the changes
  • Collaborates with Operations to design and implement scalable, automated, and commercially viable operating model for the business, capable of adaptation to satisfy changing business and regulatory requirements
  • Periodically reviews and enhance the product offering, identify areas for improvement, improving in process efficiency, mitigating risk, lowering cost to ensure profitability requirements and expectations continue to be met
  • Work collaboratively with internal and external stakeholders including Sales, Legal, Credit, Risk, Compliance, Operations and clients.
  • Identify new business opportunities and develop new products and services offering
  • Monitor and oversee the performance and deliverable of the service providers

The Successful Applicant

  • University degree, holder of relevant professional qualifications or master degree would be a plus
  • Solid experience in securities services in Hong Kong, Stock Connect, Bond Connect markets; Knowledge of overseas market is a plus
  • Sound knowledge of CCASS/CMU operations, knowledge of HKSCC rules and procedures and local regulatory framework is preferred
  • Experience on SWIFT knowledge
  • Knowledge of Settlement Agent model/Third Party Clearing is a plus
  • Excellent interpersonal and communication skills; able to interact effectively with peers and senior management alike
  • Fluent in written and spoken in English and Chinese, Mandarin is a plus
  • Practical experience in Product development, Clearing & Custody Operations and Project delivery are preferred

What's on Offer

Good career progression in a well establishedorganization

  • Support Product Management team to develop and execute the strategy for the Post-Trade Product suite
  • Define and drive to deliver the target operating model for the Post-trade business
  • Regularly reviews the product suite to ensure its competitiveness and viability
  • Follow closely on regulatory and policy change, and ensure the products and services offering are in line with the changes
  • Collaborates with Operations to design and implement scalable, automated, and commercially viable operating model for the business, capable of adaptation to satisfy changing business and regulatory requirements
  • Periodically reviews and enhance the product offering, identify areas for improvement, improving in process efficiency, mitigating risk, lowering cost to ensure profitability requirements and expectations continue to be met
  • Work collaboratively with internal and external stakeholders including Sales, Legal, Credit, Risk, Compliance, Operations and clients.
  • Identify new business opportunities and develop new products and services offering
  • Monitor and oversee the performance and deliverable of the service providers
Contact
Hayley Law
Quote job ref
JN-042024-6409784
Phone number
+852 3412 4814

Job summary

Function
Banking & Financial Services
Specialisation
Operations / Middle Office - Banking / Securities
Industry
Financial Services
Location
Hong Kong
Job Type:
Permanent
Consultant name
Hayley Law
Consultant phone
+852 3412 4814
Job Reference
JN-042024-6409784

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.