Head of Settlement

Key Areas of Responsibility 1. End‑to‑End Clearing & Settlement Management

• Oversee full lifecycle clearing and settlement operations across multi‑market, multi‑asset products (HK equities, A‑shares via Stock Connect, US/global equities, futures, options, bonds, structured products, and funds).
• Supervise daily reconciliations, fund transfers, and securities settlements; resolve discrepancies promptly to ensure accurate and timely completion.
• Identify, investigate, and resolve clearing breaks and failed trades to minimize operational risk.
• Ensure accurate and timely processing of corporate actions, including dividends, rights issues, stock splits, and reverse splits.

1. Department Management & Process Optimization

• Lead, mentor, and evaluate settlement team performance; set KPIs and foster a culture of accountability.
• Continuously review workflows and leverage technology to enhance straight‑through processing (STP) rates.
• Ensure compliance with SFC and HKEX regulations, including short selling, position limits, and CCASS operations.
• Develop and maintain internal operating guidelines, business continuity plans (BCP), and internal control frameworks to mitigate operational risks.

1. Cross‑Departmental Coordination & External Stakeholder Engagement

• Collaborate with front‑office trading, risk management, finance, and other departments to resolve cross‑functional issues.
• Act as primary liaison with external institutions such as HKSCC, HKEX, custodian banks, and brokers to manage settlement exceptions and disputes.

Requirements

• Bachelor’s degree or above in Finance, Economics, Business Administration, or related discipline.
• Minimum 10 years of experience in clearing, settlement, or operations within the Hong Kong securities industry; knowledge of HK and US markets is an advantage.
• At least 5 years of team management experience, ideally in a cross‑functional environment.
• Strong knowledge of full lifecycle operations for multi‑market/multi‑asset products and Hong Kong regulatory framework (SFC and HKEX rules).
• Deep understanding of clearing and settlement system architecture and operations.
• Strong analytical and problem‑solving skills with high attention to detail.
• Excellent communication and stakeholder management skills.
• Fluent in English and Cantonese (written and spoken); Mandarin proficiency preferred.