Director (IT & System Development)

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.

CMU OmniClear Limited (CMU OmniClear) is a wholly owned subsidiary of CMU OmniClear Holdings Limited, which is jointly owned by the Exchange Fund (as the majority shareholder) and Hong Kong Exchanges and Clearing Limited (as the minority shareholder).  It carries out the operation and business development activities of the Central Moneymarkets Unit (CMU) on behalf of the HKMA.  As part of the critical financial market infrastructure in Hong Kong, CMU is a central securities depository (CSD), providing secure and efficient clearing, settlement and custodian services for securities. CMU OmniClear’s vision is to continuously enhance CMU service coverage, expand connectivity with other markets and upgrade the CMU infrastructure to provide market participants with comprehensive and quality services.

We now invite eligible candidates to join our dynamic and inclusive company for the exciting opportunity below:

Director (IT & System Development)

Key Responsibilities

Report to the Head of Information Technology and provide technology leadership and operational oversight for the Global Securities Services platform, covering custody, fund accounting, and asset servicing. Align technology initiatives with enterprise architecture, business objectives, and regulatory compliance to drive modernization, resilience, and operational excellence.

• Strategic Architecture & Roadmap: Define and execute the target architecture and multi-year technology roadmap for the Global Securities Services platform. Ensure alignment with enterprise standards, business priorities, and integration frameworks to drive continuous modernization.
• System Lifecycle Management: Oversee the end-to-end implementation, support, and enhancement of systems supporting custody, asset servicing, fund accounting, valuation, and reporting. Maintain high standards of system availability, resilience, and service quality.
• Stakeholder & Vendor Management: Partner with business stakeholders to prioritize enhancements and deliver practical technology solutions. Manage third-party vendors and service providers, overseeing implementation, service performance, and release planning.
• Data Governance & Compliance: Strengthen data architecture, governance, and control practices to enhance reporting, reconciliation, and operational transparency. Ensure strict adherence to internal controls, audit requirements, and information security protocols.
• Team Leadership & Development: Build, lead, and mentor a high-performing technology team with deep domain expertise in securities operations and fund accounting, as well as strong technical skills in solution building and integration.
• Collaborative Culture: Foster a collaborative IT culture, facilitating seamless cooperation with internal IT teams and affiliates.

Requirements

• University degree in Computer Science, Information Technology, Engineering, or a related field.
• At least 8 years of relevant experience in IT leadership roles, including at least 3 years direct experience supporting Custody, Fund Administration, or Asset Servicing domains.
• Prior experience as a trusted technology partner to operations team, ideally within a custodian bank or fund administrator.
• Strong understanding of custody and fund accounting concepts, including NAV methodologies, trade lifecycle, corporate actions, reconciliation, and fee calculations.
• Experience with core Global Custody platforms, Proxy Voting systems, and familiarity with industry standards such as SWIFT, FIX, ISO 20022, and securities identifiers (ISIN/CUSIP/SEDOL).
• Working knowledge of regulatory reporting requirements, specifically FATCA and MiFID.
• Proficiency in SQL (complex queries for break analysis), ETL tools, and one modern language (Python, C#, or Java).
• Proven track record in large-scale project implementation, vendor management, team building, and technology operations.
• Ability to engage effectively with senior business management and articulate complex technical concepts to non-technical audiences.
• Good command of both English and Chinese (including Cantonese and Putonghua).
• Candidates with supplementary experience and qualifications will be considered, even if they do not fully meet all the specified requirements listed above

(Candidates with less experience may be considered for an offer of appointment at Associate Director level.)

Conditions of service

• Appointment will be offered by CMU OmniClear
• 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 and paid annual leave

How to apply:

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

1. Online application
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 resumé 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 22 August 2026.  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 CMU OmniClear within three months from the closing date for applications should consider their applications filed for future reference.

CMU OmniClear is an equal opportunities employer and welcomes application from all qualified candidates.  All information provided will be handled strictly in accordance with our personal data policy, a copy of which will be provided upon request.  You may contact the Recruitment Officer at the above address.

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.

Learn more about the business of CMU OmniClear: www.CMUOmniClear.com.