Manager to Senior Manager (Securities Financing & Collateral Management), GMT

• Good command of written and spoken Eng and Chi
• Calculate collateral across business lines (IM, VM
• Bachelor’s or above degree in finance

Industrial and Commercial Bank of China (Asia) Limited (“ICBC (Asia)”) 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 52 retail outlets (including 27 “Elite Club” Wealth Management Centres) in Hong Kong. It is engaged in commercial banking, investment banking and other financial services, including those of securities, insurance and funds, with a focus on commercial and retail banking as well as global market business. Chinese Mercantile Bank and ICBC Asset Management (Global) Company Limited, two wholly-owned subsidiaries of ICBC (Asia), specialize in Renminbi services in mainland China and ICBC’s global asset management business respectively.

Job Responsibilities

• Process Tri-Party and bilateral collateral optimization, sourcing and exposure management
• Calculate collateral across business lines (IM, VM and securities financing)
• Ensure the efficient and timely processing of the securities financing trading and derivatives trading book including recalls, substitutions, restrictions, pledging, exposure management and projections of future requirements and book breakdown
• Advise the Securities Financing Trading desk on the freedoms/limitations of collateral management in Tri-party, including the ability to enforce stipulations applicable to a bilateral trade
• Act as a contact point for SFT operations for other areas including Trading, Sales, Finance, IT and supporting teams such as settlement
• Provide daily financing and funding projection to the business unit and position reconciliation between Agents
• Collate and distribute key metric data to stakeholders such as collateral schedules and collateral availability to Securities Finance Trading

Job Requirements

• Bachelor’s or above degree in finance or quantitative disciplines
• Minimum 3 years’ relevant experience in banking industry with middle to back office operation experience is preferred
• Strong knowledge of Fixed Income and derivative products, settlement processes and current market initiatives is vital
• High degree of accuracy and willingness to learn new products is essential
• Willing to adapt new initiatives and put forward your own ideas is paramount
• Good command of written and spoken English and Chinese

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