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 48 branches (including 25 branches equipped with “Elite Club” Wealth Management Centres) in Hong Kong.
It is engaged in personal banking, commercial banking, cross-border banking, private banking, investment banking and other financial services, including those of securities, insurance and funds, with a focus on retail and commercial banking as well as global market business.
Chinese Mercantile Bank and ICBC Asset Management (Global) Company Limited, two wholly-owned subsidiaries of ICBC (Asia), specialise in renminbi services in the Chinese mainland and ICBC’s global asset management business respectively.
The Role
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
Ideal Profile
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 operations 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
What's on Offer?
- Opportunity within a company with a solid track record of performance
- Join a market leader within Brokerage / Treasury / Securities Exchange
- Leadership Role