Bullion Inventory & Vault Management Manager

Industrial and Commercial Bank of China (Asia) Limited; Hong Kong; On-site; HKD 500,000 - 900,000; Full time

Job summary

ICBC (Asia) Limited in Hong Kong seeks a senior specialist to oversee its precious metals inventory and vault network, coordinating with trading teams to identify arbitrage opportunities and manage delivery workflows across domestic and international markets.

The role requires a Bachelor’s degree in finance or related fields, at least 3 years in precious metals trading or logistics, and fluency in English and Chinese.

Qualifications

• Bachelor’s degree or above in finance, economics, commodities, logistics, or related fields (preferred).
• Minimum 3 years of experience in precious metals/physical commodities trading, inventory management, logistics, or exchange deliveries.
• Familiarity with spot, futures, forwards, swaps, leasing, or EFP transactions for gold and other precious metals.
• Knowledge of delivery mechanisms in key markets (LBMA, COMEX, SGE, SHFE) is a plus.
• Strong cross-market arbitrage analysis skills, with ability to evaluate pricing, financing, logistics, insurance, tax, and delivery costs holistically.
• Market sensitivity, risk assessment, execution capability, and cross-departmental coordination skills.

Responsibilities

• Oversee the overall management of the Bank's precious metals inventory and vault network across domestic and international locations.
• Collaborate with trading teams to identify arbitrage opportunities and price differentials across markets and exchanges.
• Coordinate withdrawal, transportation, customs clearance, warehousing, warrant conversion, and exchange deliveries.
• Maintain expertise in delivery rules, approved brands, and bar specifications of major markets (LBMA, COMEX, SGE, SHFE).
• Monitor inventory concentration, goods in transit, and delivery risks; resolve discrepancies and delays swiftly.

Skills

English & Chinese fluency

Cross-market arbitrage analysis

Logistics coordination

Risk assessment

Education

Bachelor’s degree in finance/economics/commodities

Job description

Oversee the overall management of the Bank's domestic and international precious metals inventory and vault network, including tracking inventory quantities, specifications, delivery eligibility, and availability status across all vaults.

Collaborate with trading teams to identify arbitrage opportunities and price differentials across markets and exchanges, while calculating comprehensive costs (transportation, insurance, financing, taxes, and delivery).

Coordinate precious metals withdrawal, transportation, customs clearance, warehousing, warrant conversion, and exchange deliveries to ensure timely settlement.

Maintain expertise in delivery rules, approved brands, and bar specifications of major precious metals markets (e.g., LBMA, COMEX, SGE, SHFE).

Monitor inventory concentration, goods in transit, and delivery risks; promptly resolve discrepancies, delays, or exceptions.

Requirements:

Bachelor’s degree or above in finance, economics, commodities, logistics, or related fields (preferred).

Minimum 3 years of experience in precious metals/physical commodities trading, inventory management, logistics, or exchange deliveries.

Familiarity with spot, futures, forwards, swaps, leasing, or EFP transactions for gold and other precious metals.

Knowledge of delivery mechanisms in key markets (LBMA, COMEX, SGE, SHFE) is a plus.

Strong cross-market arbitrage analysis skills, with ability to evaluate pricing, financing, logistics, insurance, tax, and delivery costs holistically.

Market sensitivity, risk assessment, execution capability, and cross-departmental coordination skills.

Meticulous work ethic; ability to make swift decisions and drive execution under market volatility or urgent delivery scenarios.

Fluent in English and Chinese; prior experience in international banks, bullion dealers, trading firms, futures companies, or exchanges is preferred.

Industrial and Commercial Bank of China (Asia) Limited ("ICBC (Asia)") is a licensed bank incorporated in Hong Kong. It is the flagship of overseas business of Industrial and Commercial Bank of China Limited ("ICBC") - currently the largest commercial bank in China, and it is one of the domestic systemically important banks (D-SIBs) in Hong Kong. Currently, ICBC (Asia) has 47 branches (including 25 branches equipped with "Elite Club" Wealth Management Centres) in Hong Kong.