Manager (Resolution Office) - Execution Team | HK Talent Engage

Job description

The Hong Kong Monetary Authority (HKMA) is charged with the responsibility for maintaining the stability and integrity of the monetary and financial systems of Hong Kong. There is now an excellent opportunity for eligible candidates to apply for the following position:

Manager (Resolution Office) - Execution Team

Key Responsibilities

• Undertake, in coordination with the relevant home and host authorities, resolution planning for Authorized Institutions (AIs):

- Analyse the business, financial, legal and operational arrangements of AIs in the context of resolution planning

- Develop resolution strategies for AIs

- Assess AIs’ resolvability and work with AIs to remove identified barriers to resolvability

- Implement the HKMA’s resolution policy standards and work with AIs as they build up and test frameworks and capabilities for enhancing resolvability

• Work with overseas authorities via Crisis Management Groups, resolution colleges, and/or bilateral coordination on the cross-border resolution planning for global systemically important banks and regional banks with operations in Hong Kong
• Enhance the HKMA’s resolution execution capability through, for instance, development of frameworks and mechanics for bail-in and transfer stabilization options
• Strengthen the crisis preparedness of authorities through home-host coordination arrangements and crisis simulation exercises
• Contribute to international policy initiatives on resolution reforms via the HKMA’s membership in relevant steering and technical working groups at the Financial Stability Board, with a view to reflecting the perspectives of Hong Kong in international policy formulation and implementation monitoring

Requirements

• University degree in business, finance, accounting, economics, law or related fields
• At least 3 years of relevant experience in the banking industry (e.g. as a regulator, credit or equity analyst, risk management professional, auditor, consultant or an investment banker on capital, merger and acquisition, or restructuring transactions, etc.)
• Knowledge of international standards on resolution and work of banks to address impediments to resolvability an advantage
• Understanding of banks’ operations, financial statements as well as regulatory capital and liquidity requirements
• Well-developed analytical skills, with research capability and attention to detail
• Highly motivated, well organised and capable of working to tight deadlines
• Good communication and interpersonal skills
• Good command of both written and spoken English and Chinese; proficiency in Putonghua an advantage

Conditions of service

• Appointment will be made on fixed contract terms
• A competitive remuneration package will be offered. There is flexibility to take account of additional experience and qualifications
• Fringe benefits include medical and dental benefits, paid annual leave and contract-end gratuity

How to apply

You may submit an application via one of the following channels:

1. Online application (https://www.hkma.gov.hk/eng/about-us/join-us/current-vacancies/)
2. By Mail

Send in the hard copy application form (available either at the HKMA’s reception counter or website https://www.hkma.gov.hk) to:

Recruitment Officer

Hong Kong Monetary Authority

55/F., Two International Finance Centre

8 Finance Street, Central, Hong Kong

Copies of transcripts together with a full résumé including details of past experience should be attached to the application. Please mark your correspondence address and the position applied for on the envelope.

Completed application should reach the HKMA, via the designated submission channel, by 21 September 2024. Applicants may wish to submit their applications in advance of the deadline to allow for any unexpected delays, e.g. with internet traffic, including file size restrictions and system maintenance downtime. Those not contacted by the HKMA within three months from the closing date for applications should consider their applications filed for future reference.

Personal data provided by applicants will be used strictly in accordance with our personal data policies, a copy of which will be provided upon request. You may contact the Recruitment Officer at the above address.

The HKMA is an equal opportunities employer. More information on the HKMA can be found at the website https://www.hkma.gov.hk.

The Online Application System is scheduled to perform regular system maintenance from Hong Kong time 6:00 a.m. to 8:00 a.m. every Wednesday. During this time, online application will not be available.