• To contribute to policy formulation (and, where relevant, assist in the identification and calibration of monitoring metrics) in a range of areas currently on the international regulatory reform agenda including the operation of countercyclical capital buffers; the development of resolution regimes for financial institutions; the prudential supervision of systemically important financial institutions; the use of contingent capital; the risk management of large exposures / credit concentrations; and the boundaries of regulation and “shadow banking”
• To monitor the evolution of regulatory standards and supervisory practices in the subject areas in other key jurisdictions
• To consider and advise on the likely implications of any new international standards and supervisory practices for the banking sector, and the HKMA’s regulatory framework
• To monitor market / industry developments in response to the evolution of regulatory standards and supervisory practices
• To support participation in international policy fora on the subject areas, including through peer review processes
• To prepare briefings and handle policy enquiries on the subject areas.
• University degree in banking and finance, risk management, econometrics, or in related field. Relevant advanced degree or professional qualification a definite advantage
• Strong working knowledge of international regulatory requirements, supervision of financial institutions and risk management practices relating to key banking risks (credit, liquidity, market etc.)
• In-depth understanding of the operation of financial markets, coupled with working knowledge of financial products
• At least twelve years’, eight years’ and five years’ relevant experience for Division Head, Senior Manager and Manager respectively in the regulatory field, preferably with some focus on policy development
• Excellent analytical skills and research capabilities
• Excellent written and verbal communication / presentation skills.
Conditions of service
• Successful candidates will be appointed on fixed contract terms.
• 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, paid annual leave and contract-end gratuity.
How to apply
Please fill in an application form (available at the HKMA’s website http://www.hkma.gov.hk [or at the reception counter at the following address]) and write in confidence to:
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 the position applied for on the envelope.
Completed application should reach the HKMA by 5 March 2011. Those not contacted by the HKMA within three months from the close of application should consider their applications filed for future reference.
Personal data provided by applicants will be used strictly in accordance with our personal data policies, a copy of which will be provided upon request. You may contact the Recruitment Officer at the above address or direct your request by fax to 2878 1885.
The HKMA is an equal opportunities employer. More information on the HKMA can be found at the website http://www.hkma.gov.hk.