Details of the Division and Team:
The Head of TSCO Hong Kong will lead the local TSCO operations, driving business growth and operational excellence in a rapidly expanding market. This VP-level role is responsible for managing a small, agile team, engaging directly with clients, industry partners, and internal stakeholders to deliver best-in-class trade settlement and confirmation operations, while overseeing liquidity management and regulatory compliance for payments.
What we will offer you:
A healthy, engaged and well-supported workforce is better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.
You can expect:
Competitive Salary and non-contributory pension
20 days annual leave plus generous number of public holidays
Life Assurance and Private Healthcare for you and your family
A range of flexible benefits including retail discounts, gym benefits, wellbeing incentives
The opportunity to support a wide ranging CSR program plus take volunteering leave days
Your key responsibilities:
Lead, mentor, and develop a team of 3, fostering a high-performance culture.
Set clear objectives, monitor performance, and ensure continuous professional development.
Promote collaboration and knowledge sharing within the team and across APAC branches.
Serve as the primary point of contact for key institutional clients, ensuring strong relationships and high service standards.
Represent TSCO Hong Kong in industry forums, regulatory discussions, and client meetings.
Identify and pursue new business opportunities, supporting market expansion.
Oversee daily trade settlement and confirmation activities, ensuring accuracy, timeliness, and compliance with global and local regulations.
Implement and refine operational processes to support business growth and efficiency.
Collaborate with cross-functional teams (Sales, Treasury, Risk, IT) to deliver seamless client solutions.
Manage all operational activities related to liquidity, ensuring optimal cash flow and settlement efficiency.
Maintain and monitor regulatory commitments to the Hong Kong Monetary Authority (HKMA) for payments, ensuring full compliance with local payment regulations and standards.
Liaise with HKMA and other regulatory bodies as required, preparing reports and responding to inquiries on payment operations and liquidity.
Ensure adherence to HKMA throughput ratio requirements (e.g., 30% payment release by 1:30pm, 60% by 5:30pm), and manage manual/automated payment releases to meet regulatory deadlines.
Oversee compliance with HKMA’s Banking (Liquidity) Rules (BLR), including Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), and Liquidity Maintenance Ratio (LMR) as applicable.
Prepare and submit required HKMA returns and reports, such as:
MA(BS)1E: Liquidity Position of an Authorized Institution
MA(BS)18: Return on Selected Data for Liquidity Stress-testing
MA(BS)22: Return on Intraday Liquidity Position
MA(BS)23: Return on Liquidity Monitoring Tools
MA(BS)26: Return of Stable Funding Position
Ensure compliance with HKMA Supervisory Policy Manual (SPM) modules LM-1 (Regulatory Framework for Supervision of Liquidity Risk) and LM-2 (Sound Systems and Controls for Liquidity Risk Management).
Coordinate internal self-assessments, audits, and control reviews to meet HKMA’s operational resilience and liquidity risk management standards.
Support the development and execution of strategies to grow TSCO’s footprint in Hong Kong.
Drive innovation in operational practices, leveraging technology and best practices.
Monitor market trends and regulatory changes, adapting business processes as needed.
Maintain a robust risk and controls environment, ensuring adherence to internal policies and regulatory requirements.
Lead audits, reviews, and remediation activities as required.
Your skills and experience:
Bachelor’s degree or higher in Finance, Business, or related field; professional certifications (CPA, CFA) are advantageous.
Minimum 8-10 years’ experience in financial operations, with at least 5 years in a leadership role within trade settlement, treasury, or securities operations.
Proven ability to manage teams and drive business growth in a dynamic environment.
Strong client relationship management and stakeholder engagement skills.
Deep understanding of Hong Kong’s financial market, regulatory landscape, and industry practices, especially HKMA requirements for payments and liquidity.
Excellent communication, analytical, and problem-solving abilities.
Proficiency in English and Chinese (Mandarin/Cantonese) preferred.
How we’ll support you:
Flexible working to assist you balance your personal priorities
Coaching and support from experts in your team
A culture of continuous learning to aid progression
A range of flexible benefits that you can tailor to suit your needs
Training and development to help you excel in your career
About us and our teams:
Deutsche Bank is the leading German bank with strong European roots and a global network. click here to see what we do.
Deutsche Bank & Diversity:
We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.