Job Duties: OTC Clearing Hong Kong Limited (OTC Clear) is a central counterparty (CCP) established by HKEX for the purpose of providing clearing and settlement services for OTC derivative transactions. OTC Clear Product Development covers new clearing services, product development and regulatory initiatives in relation to clearing business. OTC Clear currently provides clearing of interest rate swaps (IRS), non-deliverable currency forwards (NDF), deliverable FX (DFX) and the flagship principal exchange guaranteed cross currency swap (CCS) in USD/CNH and USD/HKD. The successful applicant will join OTC Clear Product Development within the Markets division, and is responsible for developing new product initiatives and executing strategic plan in OTC Clear.
• Involve in the execution of departmental strategy and new business initiatives, collaborate with teams to achieve business objectives. • Formulate and write up the business proposal on new products & clearing services. -Act as an internal product experts working closely with Risk Management, Operations, internal technology teams to design and implement the new product & clearing services. • Manage IT development schedule to ensure functional requirements are joined up to provide a workable solution. • Work with Operations, Risk Management, Legal and Regulatory Compliance to draft or amend clearing rules and procedures; followed by drafting proposals and documents to obtain regulatory approval before product launch. • Participate in various working groups to ensure the clearing members understand operating model and process design and are fully supported through training and testing.
• University degree holder preferably in Finance, or other related subjects • At least 5-10 years' relevant industry experience • Strong business analysis skills • Demonstrable project planning and management skills through delivery examples • A self-starter, team player and good communicator with sound judgment and good problem solving skills • Fluent in Chinese and English, both written and verbal • Background in OTC derivatives and Fixed Income & Currencies • Ideally experience across trade lifecycle for OTC products and OTC Clearing
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.
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.
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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.