Vice President, FIC Product Development (OTC Rates and FX Clearing)

Location: HK-ONE ES 49/F, Hong Kong; onsite, 40 scheduled hours per week

Company

HKEX operates capital markets and OTC clearing infrastructure, with OTC Clear providing clearing and settlement services for OTC transactions.

What you will do

• Develop and execute growth strategies for OTC Clear’s Rates and FX clearing franchise.
• Analyze markets, industry trends, competitive dynamics, regulatory developments, and emerging opportunities.
• Support the design, implementation, and enhancement of clearing products and services.
• Build relationships with banks, buy-side institutions, brokers, and other market participants to identify opportunities and understand client needs.
• Drive client onboarding and product adoption while addressing commercial and operational barriers to clearing.
• Coordinate cross-functional initiatives with Risk Management, Operations, Legal, Regulatory Compliance, Technology, regulators, policymakers, and industry associations; prepare proposals and management updates.

Requirements

• University degree, preferably in Finance, Economics, Business, or a related discipline.
• At least 10 years of relevant professional experience in financial markets, OTC derivatives, clearing, exchanges, banking, trading, sales, product management, or financial market infrastructure.
• Strong knowledge of OTC interest rate and/or foreign exchange derivatives markets.
• Good understanding of the OTC trade lifecycle, clearing, post-trade processes, and the regulatory environment affecting OTC derivatives markets.
• Proven client engagement, business development, or product development experience, including translating client needs into actionable initiatives.
• Ability to manage complex cross-functional initiatives, with strong commercial, analytical, strategic-thinking, and problem-solving skills.
• Strong communication, stakeholder management, and presentation skills for engaging senior internal and external stakeholders.
• Self-motivated, collaborative, and able to work effectively under tight deadlines.
• Fluent English required.

Nice to have

• Experience in repo, collateral management, or other FIC products.
• Mandarin.

Culture & Benefits

• Permanent, full-time position.
• Equal opportunity workplace committed to diversity and respect for different perspectives, abilities, cultures, and experiences.