Executive 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:

Executive Director (IT & System Development)

Key Responsibilities

The Executive Director reports directly to the Head of Information Technology and System Development, providing technical strategy and operational oversight to support the department’s overarching goals.

• Strategic Architecture & Technical Leadership: Provide technical leadership for in-house developed systems architecture, system integration and long-term strategic planning.
• SDLC Oversight & Quality Assurance: Oversee the software development life cycle for major projects, including design reviews, coding standards, build and release process, and quality assurance.
• DevOps & Automation Strategy: Promote and guide the automation of all practices, encompassing coding, build and release automation, automated quality assurance, and post-release monitoring.
• Team Leadership & Talent Development: Recruit and mentor a team with deep technical expertise.
• Vendor Management & Strategic Sourcing: Assist in selecting vendor products and services to enhance in-house capabilities, manage vendors relationships, and ensure high-quality implementations.
• IT Culture & Agile Transformation: Foster a collaborative and innovative IT culture that enables agile responses to business demands while maintaining adherence to technical strategy.
• Business Alignment & Technical Pragmatism: Establish a healthy balance between technical elegance and a commercial mindset.
• Security, Compliance & Risk Management: Prioritise safety by ensuring compliance with regulations and firm policies, maintaining high security, and designing robust architectures for high availability and maintainability, while avoiding over-engineered solutions.
• Innovation & Emerging Technologies: Drive innovation, particularly in emerging technologies such as artificial intelligence, distributed ledger technology, open-source, software, virtualization, public clouds, and data engineering.

Requirements

• University degree in Computer Science, Information Technology, Engineering, or a related field.
• At least 10 years of relevant experience in IT leadership roles, with a proven track record of owning architectures and delivering end-to-end enterprise-level services, across multiple markets and products.
• Demonstrate proven leadership experience in building in-house development teams and delivering technical architectures. Previous exposure to migrating from legacy mainframe architectures to modern modular designs is highly desirable.
• Exhibit extensive experience in formulating solution designs, developing large-scale systems, and providing comprehensive system lifecycle support. Possess practical technical expertise in programming structures, transaction processing, modularisation, memory management, messaging, performance tuning, storage, virtualization, zero trust, and high availability.
• Have domain experience in post-trade processing, custody, asset servicing, valuations, collateral management, tax reporting, and regulatory compliance.
• Be experienced with SWIFT and the proprietary connectivity protocols of ICSDs, CCASS, CCDC, SHCH, and other clearing houses. Familiarity with cross-border connectivity schemes such as Bond Connect and SIX is preferred.
• Maintain a track record of introducing innovation including a strong understanding of the optimal and secure use of AI; implementation of crypto technologies, and utilization of open-source solutions.
• Demonstrate strong analytical skills, a hands-on approach, the ability to provide technical mentorship, and the capacity to articulate complex technical concepts.
• Possess a 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 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 19 September 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.