OTC Derivatives Clearing Product Manager - Margin Rules, Repo, Securities

Bank of China (Hong Kong) Limited; Hong Kong; On-site; HKD 420,000 - 650,000; Full time

Job summary

Bank of China (Hong Kong) Limited is seeking a collateral management professional to implement treasury collateral infrastructure and daily processes. The role requires understanding key legal agreements and regulatory rules, and providing ongoing market knowledge to support business development.

The ideal candidate will have a Bachelor’s degree, at least three years in banking or related IT/Collateral roles, and strong English/Chinese communication skills; Mandarin is a plus.

Qualifications

• Bachelor's Degree or above.
• At least 3 years' related experience in banking or related industries.
• Experience in OTC derivatives clearing, collateral management, custody, or related IT functions.
• Detail-oriented, able to work under pressure, mature with minimum supervision.
• Excellent interpersonal and communication skills; good team player.
• Excellent command of English and Chinese; Mandarin is an advantage.

Responsibilities

• Implement collateral management infrastructure and daily framework.
• Understand ISDA, VMCSA, IMCTA, GMRA, GMSLA clauses.
• Keep up-to-date on collateral management market knowledge in OTC derivatives, repo, securities lending.
• Support business development from collateral management perspective.
• Implement relevant regulatory requirements (Margin Rules, CC Risk Mitigation).
• Initiate collateral management system projects; gather user requirements and test launches.
• Generate daily portfolio reconciliation reports and monitor collateral concentration risk.
• Collect and analyze collateral data; report daily activities.

Skills

Interpersonal communication

Team player

Detail-oriented

Able to work under pressure

English proficiency

Mandarin advantage

Education

Bachelor's degree or above

Tools

Collateral management software

Job description

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