Associate Director / Director - Operation Department

CGS International Holdings Limited; Hong Kong; On-site; HKD 1,200,000 - 2,000,000; Full time

Job summary

CGS International Holdings Limited seeks an Associate Director/Director of the Operations Department to build and lead the full OTC derivatives collateral management function. You will establish policies, workflows and system implementation (including S&P) to meet SFC OTC derivatives requirements and support the Group’s Type 11 licensing initiative.

The role demands 8–10 years of hands-on collateral management experience, strong leadership, and the ability to coordinate with risk, front office

Qualifications

• Bachelor’s degree or above in Finance, Accounting, Risk Management, Economics, or related disciplines.
• 8-10 years hands‑on experience in collateral/margin management, preferably in OTC derivatives, fixed income, or prime brokerage.
• Strong Excel (VBA/Python/SQL is a plus) for data analysis & automation.

Responsibilities

• Formulate and implement margin management strategies, including calculation, segmentation, and interest management of variable margin.
• Adjust strategies quickly and notify departments in response to counterparty credit risk or market changes.
• Supervise margin inflows/outflows, including collections/recoveries and bookkeeping system setups.
• Execute margin payments, monitor receipts, and reconcile with margin records.
• Monitor and approve all bookkeeping activities related to margins.
• Collaborate with risk management to participate in margin call decisions for high-risk counterparties.
• Oversee onboarding and annual review workflow for OTC counterparties.
• Ensure accurate counterparty data input into S&P and internal systems.
• Share updated joint margin call counterparties lists with relevant departments.

Skills

Leadership

Communication

Excel

English & Cantonese/Mandarin

Education

Bachelor’s degree or above in Finance, Accounting, Risk Management, Economics, or related disciplines

Tools

S&P system

Job description

Associate Director / Director - Operation Department

Position: Associate Director / Director Role

Summary: This is a senior leadership role responsible for building and managing the full OTC derivatives collateral management function for the Group. The role will lead the establishment of policies, workflows, and system implementation (including S&P), ensuring the firm meets regulatory expectations under the SFC OTC derivatives regime and supports the Group’s Type 11 licensing initiative.

Job Duties:

Formulate and implement margin management strategies, including the calculation, segmentation, and interest management of variable margin.

Quickly adjust strategies and notify the business department and other relevant departments in response to changes in counterparty credit risk or market fluctuations.

Supervise the management of margin inflows and outflows within and outside the company, including handling collections/recoveries and arranging related systems for bookkeeping.

Execute margin payments, monitor margin receipts, and reconcile with the margin records in the system.

Monitor and approve all bookkeeping activities related to margins, including bookkeeping tasks processed by systems.

Act as a communication hub to ensure seamless transfers and settlements between departments, strengthening cooperation and information sharing with relevant departments.

Collaborate with the risk management department to participate in the margin call decision-making for counterparties facing significant negative public opinion or increased credit risk.

Oversee the onboarding and annual review workflow for OTC counterparties.

Ensure accurate and complete counterparty data input into S&P and internal systems.

Regularly review and update the list of joint margin call counterparties and share it with relevant departments.

Support the introduction of new derivatives and fixed-income products, ensuring that collateral management processes are aligned with the pace of new product development.

Assist in completing various tests and preparations before the launch of new products, ensuring that control standards meet industry standards and company policies.

Build and lead the collateral management team, integrating relevant functions from front office and operations.

Internal complement and support within the credit team, including margin collection for different products and preparation of various credit reports.

Provide required information to other regulatory authorities and auditors as needed.

Handle ad hoc projects or duties as assigned

Requirements:

Bachelor’s degree or above in Finance, Accounting, Risk Management, Economics, or related disciplines.

8-10 years of hands‑on experience in collateral/margin management, preferably in OTC derivatives, fixed income, or prime brokerage.

Strong understanding of credit risk, OTC derivatives lifecycle, and collateral management processes.

Exceptional leadership and communication skills, with the ability to collaborate across departments and manage a team effectively.

Strong Excel (VBA/Python/SQL is a plus) for data analysis & automation.

Strong written and verbal communication skills in English and Chinese (Cantonese & Mandarin)

We offer attractive remuneration package and fringe benefits to the right candidate.

All applications will be treated in the strictest confidence and personal data collected will be used for recruitment purpose only.

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Your application will include the following questions:

How many years' experience do you have as an Operations Director? Which of the following languages are you fluent in? Which of the following statements best describes your right to work in Hong Kong? What's your expected monthly basic salary? How many years' experience do you have in the financial services industry?

We are the fast expanding subsidiary of China Galaxy Securities Company Limited, a leading securities company established in the PRC.

To cope with our business expansion, we are seeking high caliber candidates to join our team and grow with us:

We are the fast expanding subsidiary of China Galaxy Securities Company Limited, a leading securities company established in the PRC.

To cope with our business expansion, we are seeking high caliber candidates to join our team and grow with us:

What can I earn as an Operations Director