Head of Operations, MD

Hercules Search Consultation Company; Hong Kong; On-site; HKD 900,000 - 1,300,000; Full time

Job summary

Hercules Search Consultation Company in Hong Kong seeks a senior operations leader to manage daily clearing and settlement services for securities and related businesses. You will support Global Markets activities, especially bonds and FICC products, while overseeing risk controls and regulatory compliance.

The role requires deep knowledge of HK settlement systems, at least 8 years in the field, and 3+ years in management, with Mandarin fluency and strong communication skills.

Qualifications

• 8+ years of operations/clearing & settlement experience in securities or investment banking.
• At least 3 years of management experience.
• Solid knowledge of electronic settlement systems (CCASS, CMU, Euroclear, SWIFT).
• Strong understanding of HK securities market environment and SFC regulations.
• Fluency in written and spoken Chinese (Mandarin).

Responsibilities

• Lead and supervise daily operations of the department, ensuring efficient clearing and settlement services for securities and related businesses in Hong Kong.
• Provide operational support to Global Markets activities, with a focus on bonds/FICC products.
• Monitor and control operational risks and manage contingency situations.
• Ensure all procedures comply with SFC regulatory requirements and internal policies.
• Review and enhance operational workflows to maintain accuracy, integrity and efficiency.
• Develop and maintain internal policies covering dealing, risk control and settlement.

Skills

Leadership

Regulatory knowledge

Communication

Chinese (Mandarin)

Education

Degree in related discipline

Tools

CCASS

CMU

Euroclear

SWIFT

Job description

• A SFC-licensed investment bank in Hong Kong (Types 1, 4, 6 & 9), backed by a major Chinese state-owned banking group. The firm provides a full suite of services across Investment Banking (IBD), Debt Capital Markets (DCM), Equity Capital Markets (ECM), Corporate Finance, and Global Markets.

Responsibility:

• Lead and supervise the daily operations of the department, ensuring efficient and accurate clearing and settlement services for securities, corporate finance, and related businesses in Hong Kong
• Provide operational support to Global Markets activities, with a primary focus on bonds/FICC products.
• Monitor and control operational risks, and effectively manage contingency situations and exceptional cases
• Ensure all operational procedures and activities fully comply with SFC regulatory requirements and internal policies
• Continuously review and enhance operational workflows to maintain accuracy, integrity, and efficiency
• Develop, implement, and maintain internal operational policies and procedures covering dealing, risk control, and settlement
• Establish and maintain clear escalation and reporting frameworks to enable timely communication of operational and risk issues to different levels of management
• Lead the formulation of business requirements for system development and enhancement projects
• Drive process re-engineering and operational reviews across key activities
• Design and implement new operational processes to support new business initiatives
• Investigate settlement discrepancies and resolve related outstanding issues in a timely manner
• Establish and regularly update daily policies and procedures to sustain the efficiency of the back-office function
• Conduct stress testing and risk evaluations in support of business line expansion
• Manage operational readiness and support for IPO and other primary market transactions

Requirement:

• Degree holder in a related discipline
• Minimum 8 years of relevant experience in operations / clearing & settlement within the securities or investment banking industry
• At least 3 years of management experience
• Solid knowledge of electronic settlement systems, including CCASS, CMU, Euroclear, and SWIFT
• Strong understanding of the Hong Kong securities market environment and SFC regulatory requirements
• Excellent interpersonal and communication skills, with fluency in written and spoken Chinese (Mandarin)