Head of Settlement - Large Chinese Securities Firm

Morgan McKinley Hong Kong

Gepostet vor 9 Tagen Festanstellung Competitive

Job Description

1. End-to-End Clearing & Settlement Management

Full-Lifecycle Oversight: Oversee comprehensive clearing and settlement operations across multi-market and multi-asset financial products-including HK equities, A-shares (Stock Connect), US equities, futures, options, CBBCs, ETFs, bonds, and funds-ensuring the accurate transfer of funds and securities.
Daily Operations: Monitor daily reconciliations, fund transfers, and securities settlements; promptly resolve clearing discrepancies to ensure accurate and timely settlement.
Corporate Actions: Process corporate actions including dividend distributions, rights issues, stock splits, and reverse splits, ensuring precise execution.
System Operations & Reporting: Manage the daily operations of core clearing and settlement systems, and produce clearing operational reports.
Cost Control: Manage and control clearing operational costs.

2. Risk, Compliance & System Support

Risk & Compliance Control: Lead risk management across operational and trading workflows; conduct regular compliance checks to ensure adherence to regulatory requirements such as AML and KYC.
Regulatory Reporting & Audits: Manage and submit relevant regulatory reports, and assist with internal and external audits.
System Maintenance & Upgrades: Collaborate with the IT department to maintain the stable operation of clearing systems (including CCASS, DCASS, etc.); optimize system functionalities to support business growth; actively participate in system upgrades, UAT testing, and new system rollouts.

3. Department Management & Process Optimization

Departmental Oversight: Oversee the overall daily operations of the Settlement Department.
Team & Workflow Optimization: Set team goals and performance evaluation standards; optimize trade clearing and account management workflows to ensure full compliance with regulatory requirements of the SFC (Securities and Futures Commission) and HKEX (Hong Kong Exchanges and Clearing).
Framework Enhancement: Establish and continuously refine internal operating guidelines, contingency plans, and risk control mechanisms to elevate operational efficiency and risk management standards.

4. Cross-Departmental Coordination & External Stakeholder Engagement

Internal Collaboration: Work closely with front-office trading, risk management, finance, and other departments to resolve cross-functional issues.
External Liaison: Serve as the main point of contact for external institutions such as HKSCC (Hong Kong Securities Clearing Company), HKEX, custodian banks, and brokers to handle settlement exceptions and disputes.
Client Solutions: Provide institutional clients with clearing rule consultations, workflow support, and problem resolution.

Job Requirements

1. Education & Qualifications

Education: Bachelor's degree or above in Finance, Economics, Business Administration, or a related discipline.
Licensing: Holder of SFC Type 1 / Type 4 license(s) or equivalent qualifications.

2. Work Experience

Industry Experience: 8-10 years of experience in operations, clearing, trading, or client service within the Hong Kong securities industry, including 3+ years of experience in both HK and US equity markets.
Leadership Experience: 3-5 years of cross-functional team management experience.
Market Knowledge: In-depth familiarity with the full lifecycle trading process of multi-market/multi-asset financial products and the Hong Kong regulatory framework (SFC and HKEX rules).

3. Professional Skills

System Expertise: Deep understanding of clearing and settlement system architecture and operations.
Risk & Compliance: Proficient in risk control (AML/KYC) and regulatory compliance requirements.
Efficiency Focus: Demonstrated capability in process optimization, with the ability to leverage digital tools to drive operational efficiency.

4. Language Skills

Languages: Fluent in English and Cantonese (both written and spoken).
Fluency in Mandarin is preferred.

Job ID JN -072026-2005654

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