Assistant Vice President – Custody Operations (Network Management)

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:

• Maintain and monitor relationships and services with sub-custodian and cash agent banks appointed to support custody services;
• Open and manage accounts with sub-custodians, transfer agents, depositories and cash agent banks;
• Coordinate with sub-custodians, transfer agents, depositories, cash agent banks and internal teams to complete compliance exercise, such as FATCA and CRS reporting, underlying beneficiary KYC processing and AML checking, in a timely manner;
• Coordinate and respond enquiries and requests from clients, sales team, product team and operations team about new and special services provided by sub-custodians, transfer agents, depositories and cash agent banks;
• Perform regular agent due diligences and operating requirements reviews;
• Participate in system UAT, including test case and plan preparation;
• Regular review and update training material, procedure and manual;
• Other ad-hoc duties assigned by team head

Requirements:

• Bachelor degree holder;
• 8 years of experience of global custody operations and client service or related experience, at least 3 years as a managerial role;
• Proficient market knowledge on HK, Chinese Mainland and US markets preferred
• Knowledge of FATCA and CRS reporting is preferred;
• Detail oriented, independent thinking and demonstrate problem solving skill;
• Able to liaise with internal and external parties to resolve processing issues;
• Being a good team player and self-motivated;
• Good communication skills, both Cantonese and English, and Putonghua is also preferred;
• Proficient in use of MS-Word, MS-Excel, and both Chinese and English typing;
• Willing to work on shift, public holidays, and inclement weather conditions;
• Less experience candidate is welcome, will also be considered for Manager;

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.