Executive Director, Collateral Management, Business Operatio
BOC International Holdings Ltd
- Company Industries:Financial Services
Job Information
- Post Date:2019-05-22
- Career Level:Senior
- Location:Sheung Wan
- Yr(s) of Exp:10 years
- Qualification:Degree
- Salary:Salary provided
- Employment Type:Full Time, Permanent
- Job Function:Order Processing & Operation / Settlement
- Benefits:Five-day work week, Medical insurance
Job Description
Responsibilities:
- Support Collateral Management System Solution project works (including prepare details user requirements, UAT, custodian account set up, data migration etc) for the implementation by Q4 2019;
- Establish
Collateral Management Policy, Work flow and control requirement for Margin and
Collateral
Management support in production;
- Lead
a small team to capture collateral booking, inventory, assign haircut to each collateral following HKMA (or substituted regulation)’s supervisory standardized haircut, and valuate collateral on regular basis following pre-defined timeline;
- Manage
the receipt and movements of collateral assets at the segregated account at custodian agent;
- Manage
the team set up relevant data information in system after trading relationship documentation is executed and /or revised;
- Leverage
system to calculate Sensitive, Initial Margin, Variation Margin, Initial Margin Call and make sure standard agreed with counterparty is satisfied for the entire duration of non-centrally cleared derivatives transactions;
- Manage
and ensure the team to perform margin call, reconciliation and dispute management and make sure process agreed with counterparty is in place;
- Trigger
dispute process in case difference is higher than pre-defined tolerance, following the procedures pre-defined in Trading Relationship Documentation;
- Conduct
concentration analysis on regular basis and report to Risk Management team for Risk control;
- Co-ordinate
and obtain Risk Management's approved in case any exception.
Job Requirements:
-
Degree holder with a minimum of 10 years’ relevant working experience
-
Middle office experience and preferably experience in collateral management function
-
Good spoken and written Chinese and English, including Mandarin
-
Solid product knowledge on OTC Derivatives & strong mathematic & risk knowledge
-
Diligent, committed and able to work under pressure
-
A good team leader
Notes to applicants:
-
Please apply in strict confidence with full resume, academic record, current and expected salaries.
-
The personal data provided will be used for consideration of recruitment only. All personal data of unsuccessful candidate will be destroyed within 24 months.
-
Candidates with Enhanced Competency Framework (ECF): please state on the CV.
Company Info
As a leading investment bank in China and Hong Kong region, the investment banking arm of Bank of China, BOC International Holdings Limited (“BOCI”), is now seeking highly motivated, creative and success-oriented professional who would like to pursue the career in our group.
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