Head of Business Management (Wholesale Banking Group)

Mandatory Reference Checking Scheme (“MRC”) for Hong Kong

The Mandatory Reference Checking Scheme is a framework to facilitate Authorized Institutions (“AIs”) to bilaterally obtain reference information during their recruitment process for certain positions, such that misconduct information in an individual’s previous employments can be provided to AIs to inform their employment decisions.

For information related to MRC Scheme, “Frequently Asked Questions for In Scope Individuals” is published by HKAB/Industry Guidelines (https://www.hkab.org.hk/en/home) or further information will be available upon request, if it is applicable to the position(s) applied.

Country of Location:

China Hong Kong

Job Responsibilities:

Overall WBG Strategic Planning

• Assist Head of Business Control Management to formulate overall WBG strategy as part of CNCBI development strategy, compile and monitoring 5-year business strategy considering the latest business focus areas, market dynamics and the direction from CNCB as well as CITIC Group in order to support WBG and the Bank to realize the strategic targets.

• Coordinate within WBG to deliver management reports including annual reports of CNCBI, business performance reports to CNCB and regular business reviews.
• Work with WBG products, including Structured Finance, Transaction Banking and Securities Services, to track their performance and implementation of product strategy.
• Work with TMG marketing and products, including Treasury Marketing and DCM etc., to formulate collaboration mechanism, develop traceable monitoring MI and evaluate their results.

Financial Performance Monitoring and Control
• Monitor and review WBG’s overall business and financial performance, and issue alerts and recommendations where necessary, to support WBG teams in achieving performance in line with strategies, targets and budgets.
• Manage asset and liability growth aligning with the Bank’s directives.
• Ensure accuracy of financial figures in systems and all reporting of WBG’s performance. Liaise with business, finance and operations teams for prompt rectifications of any errors.
• Ensure accounting in compliance with requirements of regulatory authorities and auditors; advise accounting treatments of income, if necessary.

Business Analysis
• Identify, interpret and apply key performance indicators, and coach business managers in using these indicators for competitive advantage in order to enhance value to the Bank.
• Supervise the team to provide analysis of business and management information and related support to WBG and working counterparts in the Bank.
• Provide business advice on any growth opportunities, pricing of products and regulatory and auditing rules/policies, and make recommendations for supporting sustainable growth and development of WBG’s business.
• Participate in preparation of medium to long-term development plan for 3 to 5 years in order to support WBG to realize the strategic target.
• Monitor changes of WBG’s balance sheet structure, analyze risks and impacts on P/L.

Asset & Liability Management and Costing Control
• Propose asset and liability management strategies to WBG Management, ALCO and Market Risk Committee, if necessary.
• Provide asset and liability projections to FMG and CTU to manage the Bank Book
• Proactive management on L/D of the bank via liquidity control on WBG book
• Manage deposit costs of WBG including through designing the pricing matrix for different currencies
• Approve deposit pricing to manage deposit portfolio in both liquidity and P&L perspective.
• Recommend loan pricing to ascertain the overall return of group portfolio
• Prioritize loan deals with consideration of pricing, strategic development, and other factors at the time of tight liquidity.
• Represent WBG to participate and comment towards regulatory required policies and guidelines on ALM, IRRBB, CFP and other liquidity related topics.

Liaison with FMG, CNCB, and other counterparties
• Provide comments and liaise with FMG and/or CTU on fund transfer pricing structure, management of WBG’s liquidity (including liability costs), financial reporting and all matters related to the financial management of WBG.
• Liaise with CEOO, HRG, FMG, CNCB on performance management for overall WBG.

Unified Credit Management (统一授信管理)
• Cross-departmental coordination for improving the Unified Credit Management (统一授信管理) and strengthened regional and customer concentration control. The job holder has to enhance the limit management of key customers under Unified Credit Granting from CNCB, prevent credit concentration risk and realize high quality development of the corporate banking business specializing in the following areas to meet WBG business needs and deepen the comprehensive risk penetration management of subsidiaries, strengthen the building of professional risk management teams, and enhance the risk management capabilities of the Bank.
• Internal coordination - coordinate with each BU, overseas branches, and subsidiaries of CNCBI, responsible for collecting credit demands, , coordinating credit plans, and managing credit limit ledgers, etc.
• External coordination - coordinate with various customer relationship departments of the head office such as large clients, corporate, institutions, international business, and financial markets, responsible for the role of the leading party on Unified Credit Management of relevant customer groups, responding to credit demand collection, striving for credit limit allocation resources, applying for credit limit adjustment or increase, and coordinating dispute arbitration, etc.

Others
• Manage any special projects or duties assigned by supervisor.
• Implement and comply with anti-money laundering policies and relevant procedures.
• Provide management oversight and develop/maintain a strong compliance culture regarding regulatory and compliance matters as well as anti-money laundering / counter terrorist financing control activities.

Requirements:

1. Education Qualification
• Degree holder in Business Administration / Finance / Statistics / Accounting or related technical disciplines

2. Working Experiences
• Minimum 12 years of Business Intelligence, Finance, Accounting or relevant experience in Banking or related industry, with at least 4 years’ experience at managerial level.
• Corporate banking experience preferred

3. Professional Qualification / HKMA Enhanced Competency Framework Qualification / Professional Examination / License
• CPA qualification or equivalent preferred

4. Business Knowledge
• Good knowledge in banking products, in particular assets and liabilities products
• Understand industry and market developments relating to corporate banking
• Understand the Bank’s policies, governance frameworks, procedures, practices, standards and applicable local and regional regulations to ensure quality, effective financial management and regulatory compliance on financial matters,
• Proficient in financial, business and management information analysis and reporting tools and models
• Familiarize with accounting and regulatory policies/rules on financial reporting