Assistant Vice President, Fund Services (Asset Custody Department)

CMB Wing Lung Bank Limited is a Licensed Bank registered in Hong Kong, which is formerly known as Wing Lung Bank. Founded on 25th February 1933, CMB Wing Lung Bank is among the oldest local Chinese banks in Hong Kong. In 2008, CMB Wing Lung Bank was acquired by China Merchants Bank (CMB). In 2009, the Bank has become a wholly-owned subsidiary of CMB. In 2018, the Bank has renamed as CMB Wing Lung Bank.

CMB Wing Lung Bank and its subsidiaries hold multi licenses in banking, insurance, securities, trust and asset management sectors. Serving customers with whole-hearted, the Bank provides comprehensive banking products and services including retail banking, corporate banking and financial markets, etc. Among them, private banking, syndicated loans, bond issuance, financial markets, asset custody and asset management are influential and competitive in the market. At present, the Bank has over 30 branches and business outlets located in mainland China, Hong Kong, Macau and overseas, etc regions. The Bank has nearly 2,000 employees.

Following the motto of “Progress with prudence, service with sincerity”, the Bank embraces “Serving with Heart, Quest for efficiency, Caring for sincerity” service value into the daily operation. The Bank strives to build a first-class, innovative and cutting-edge commercial bank in Hong Kong and provides an integrated local and cross-border financial and banking services for customers.

Responsibilities:

• Perform daily fund valuation and NAV calculation
• Maintain information related with fund operations timely and accurately, including fund subscription/redemption, holdings and transaction reconciliations and fees and expenses accruals, etc
• Handle client reporting and enquiries from customers in an efficient manner; and be accountable for the resolution progress
• Liaise with auditor on fund audit work
• Participate in user acceptance test for system enhancements
• Participate in tasks or projects as part of custodian business development from time to time and take accountability

Requirements:

• Bachelor degree in Business Administration, Finance, Accounting or related disciplines
• Minimum 8 years’ working experience in Investment/Fund Administration business with in depth knowledge of securities markets, and fund administration and accounting
• Able to perform asset pricing, portfolio valuation and NAV computation independently, review and understand fund document and terms related with fund valuation and be aware of major issues in abnormal asset price and portfolio valuation fluctuations
• Experience with fund accounting software will be a plus
• Willingness to question and challenge status quo for efficiency and quality
• Able to work in a cross-functional and matrix organizational model, and take ownership to accomplish
• Independent, self-motivated, analytical and be able to work under pressure
• Good computer skills and proficiency in Microsoft Office (including Word, Excel and PowerPoint)
• Proficient in both written and spoken English and Chinese (Cantonese and Putonghua)

Applicants of this job may be regarded as In-Scope Individuals of the Mandatory Reference Checking Scheme (MRC Scheme). It is a standardised reference-checking arrangement that is designed to support the integrity of “authorized institutions” regulated by the Hong Kong Monetary Authority (HKMA). Pursuant to the MRC scheme, our bank will conduct a mandatory reference check by requesting information from each relevant former and current employer of applicants. For more details on the In-Scope Individuals, please visit https://www.hkab.org.hk/en/page/5/mandatory-reference-checking-scheme-phase-2.