Bank of China (Hong Kong)

OTC Derivatives Clearing Product Manager - Margin Rules, Repo, Securities Lending and Borrowing

Bank of China (Hong Kong)  •  Hong Kong, HK (Onsite)  •  2 days ago
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Job Description

Responsibilities:

  • Responsible to implement treasury products’ collateral management infrastructure, design daily collateral management framework and procedures. Understand the relevant clauses of legal agreements (e.g. ISDA, VMCSA, IMCTA, GMRA, GMSLA).
  • Keep up-to-date on collateral management market knowledge in OTC derivatives, repo, securities lending and borrowing markets. Support business development from collateral management perspective. Implement relevant regulatory requirements (e.g. Margin Rules, Counterparty Credit Risk Mitigation).
  • Enhance collateral management infrastructure according to market development, provide long term planning to infrastructure
  • Initiate collateral management system projects, raise user requirements, participate user testing and system launching tasks.
  • Support legal documentation negotiation from collateral management perspective, perform the onboarding process in collateral management systems once the agreement is signed.
  • Generate daily portfolio reconciliation reports from valuation perspective, resolve margin disputes, perform collateral eligibility checks, monitor collateral concentration risk.
  • Collect and analyze the collateral data, report daily activities.

Requirements:

  • Bachelor’s Degree or above
  • At least 3 years’ related experience in banking or industries, such as OTC derivatives clearing, collateral management, custody, related IT functions
  • Experience in treasury or collateral management systems will be an advantage
  • Detail-oriented, able to work under pressure, mature and requires minimum supervision
  • Excellent interpersonal and communication skills; good team player
  • Excellent command of English and Chinese, Mandarin skills will be an advantage
Bank of China (Hong Kong)

About Bank of China (Hong Kong)

Bank of China (Hong Kong) Limited (“BOCHK”) is a leading commercial banking group in Hong Kong with strong market positions in all major businesses. We have the most extensive local branch network and diverse service platforms in Hong Kong, including more than 190 branches, 280 automated banking centres, efficient e-channels of over 1,000 self-service machines, as well as Internet and Mobile Banking services. We offer a comprehensive range of financial, investment and wealth management services to personal, corporate and institutional customers. To implement the overseas development strategy of BOC Group, we strive to drive our regional development by expanding our business in the Southeast Asian region. Our branches and subsidiaries have been extended to Southeast Asian countries such as Thailand, Malaysia, Vietnam, the Philippines, Indonesia, Cambodia, Laos and Brunei, with the provision of professional and high-quality financial services to local customers. We will also expedite our development into a top-class, full- service and internationalised regional bank.

BOCHK is one of the three note-issuing banks and the sole clearing bank for Renminbi (“RMB”) business in Hong Kong. With our strong RMB franchise, we are the first choice of customers in this business.Through the deep collaboration with our parent bank, BOC, we provide a full range of high-quality crossborder services to multinationals, cross-border customers, mainland enterprises going global, central banks and super-sovereign organisations.

BOC Hong Kong (Holdings) Limited, BOCHK’s holding company, is one of the largest listed companies on the main board of the Stock Exchange of Hong Kong, with stock code “2388” and ADR OTC Symbol “BHKLY”.

Industry
Finance & Insurance
Company Size
1,001-5,000 employees
Headquarters
, HK
Year Founded
Unknown
Website
bochk.com
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