Vice President, Settlement

CMB International Capital Corporation Limited; Hong Kong; On-site; HKD 1,200,000 - 1,700,000; Full time

Job summary

CMB International Capital Corporation Limited is seeking an experienced Settlement leader to oversee end-to-end clearing and settlement operations across global markets. You will manage daily workflows, ensure regulatory compliance with SFC and HKEX, and drive efficiency through process optimization.

You will lead a Settlement team, maintain KPIs, and collaborate with front-office, risk, and finance to resolve issues, liaise with HKSCC and HKEX, and ensure accurate, timely settlements.

Qualifications

• Bachelor's degree or above in Finance, Economics, Business Administration, or related discipline.
• 10 years of experience in clearing, settlement or operations in HK securities.
• 5 years of experience managing a team, preferably cross-functional.
• Deep familiarity with multi-market/multi-asset lifecycle and HK regulatory framework (SFC, HKEX).
• Strong analytical and problem-solving skills with high attention to detail.
• Excellent communication and stakeholder management skills.
• Fluent in English and Cantonese; Mandarin preferred.

Responsibilities

• Oversee end-to-end clearing and settlement operations across multi-market and multi-asset products, ensuring accurate transfer of funds and securities.
• Lead the Settlement team, set KPIs and drive efficiency via process optimization and STP improvements.
• Coordinate with front-office, risk, finance and external institutions (HKSCC, HKEX, custodians, brokers) to resolve settlement issues.

Skills

Team leadership

Stakeholder management

Analytical skills

Communication

Attention to detail

Education

Bachelor's degree

Job description

We are seeking an experienced Settlement leader to oversee our end-to-end clearing and settlement operations across global markets. This role manages the daily workflow of the Settlement Department, ensures strict regulatory compliance, and drives operational efficiency through process optimization and cross-departmental collaboration.

Key Responsibilities

1. End-to-End Clearing & Settlement Management

Full-Lifecycle Oversight: Oversee comprehensive clearing and settlement operations across multi-market and multi-asset financial products-including HK equities, A-shares (Stock Connect), US equities, global market equities, futures, options, bonds, structure products and funds-ensuring the accurate transfer of funds and securities

Daily Operations: Supervise daily reconciliations, fund transfers, and securities settlements; promptly resolve clearing discrepancies to ensure all transactions are settled accurately and on time.

Issue Resolution: Proactively identify, investigate, and resolve clearing discrepancies (breaks) and failed trades to minimize operational risk.

Corporate Actions: Oversee the accurate and timely processing of corporate actions, including dividends, rights issues, stock splits, and reverse splits.

2. Department Management & Process Optimization

Team Leadership: Lead, mentor, and evaluate the performance of the Settlement team. Set clear KPIs and foster a culture of accuracy and accountability.

Workflow Optimization: Continuously review and apply technology to eliminate inefficiencies and enhance straight-through processing (STP) rates.

Regulatory Compliance: Ensure all settlement activities are fully compliant with SFC and HKEX regulations, including relevant rules on short selling, position limits, and CCASS operations.

Framework Enhancement: Develop, implement, and maintain robust internal operating guidelines, business continuity plans (BCP), and internal control mechanisms to safeguard against operational failures and fraud.

3. Cross-Departmental Coordination & External Stakeholder Engagement

Internal Collaboration: Work closely with front-office trading, risk management, finance, and other departments to resolve cross-functional issues.

External Liaison: Serve as the main point of contact for external institutions such as HKSCC (Hong Kong Securities Clearing Company), HKEX, custodian banks, and brokers to handle settlement exceptions and disputes.

Job Requirements

1. Bachelor's degree or above in Finance, Economics, Business Administration, or a related discipline.

2. Minimum 10 years of experience in clearing, settlement or operation within the Hong Kong securities industry, sound knowledge in HK and US stock markets is an advantage

3. Minimum 5 years of experience managing team, preferably in a cross -functional environment.

4. In-depth familiarity with the full lifecycle operation process of multi-market/multi-asset financial products and the Hong Kong regulatory framework (SFC and HKEX rules).

5. Deep understanding of clearing and settlement system architecture and operations.

6. Strong analytical and problem-solving skill with a hight attention to detail.

7. Excellent communication and stakeholder management skills.

8. Fluent in English and Cantonese (both written and spoken), Fluency in Mandarin is preferred.