CIB F&BM, Asia Equities Trading Business Manager, Vice President CIB F&BM, Asia Equities Trading Business Manager,  …

in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Last application, 14 Jul 19
in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Last application, 14 Jul 19
CIB F&BM, Asia Equities Trading Business Manager, Vice President
Scope of the Equities Trading Business Manager Role:

Equities F&BM is seeking an Assoc/VP level Business Manager, based in Hong Kong, to support the Equities Cash and Derivatives businesses from an end to end perspective. This role will have direct responsibility for the Asia-ex Japan region but will also partner with country business managers in Japan, Korea, Australia and India. The role will have interaction with all Equities Trading desks across EDG, Cash and Prime trading. This role will also partner with the Equities Sales Business Manager as required who have primary responsibilities for all client related sales activities and the Business Control Managers who own the control agenda for the business. The role will report into the Asia Equities Business Manager, also based in Hong Kong.

Responsibilities include:

  1. Drive strategy and growth:
    • Act as trusted advisor and counterweight to Business Head and their management team. Provide management assistance, for instance by convening business reviews and management meetings
    • Establish business strategy and priorities (in conjunction with Business Head)
    • Develop business cases for the commitment of resources
    • Ensure delivery of business initiatives and projects - provide overall governance across multiple initiatives
    • Align front office teams and support groups (Fin, Tech, Ops, Legal, HR) to business priorities
    • Ensure business strategy considers market structure and regulatory changes
    • Drive competitive analysis and reporting (in conjunction with central team)
    • Communicate business strategy, performance and priorities
    • Contribute to strategic initiatives by supporting regional, cross-business and industrial partnerships; support strategic acquisitions and/or investment analysis
    • Partner with the business and technology to establish and implement the product/technology strategy

  2. Work with the Business Control Managers and help support the control environment:

  • Identify, assess and mitigate business risks that could impair the ability to do business across the multiple countries the franchise spans:
    • Specific & immediate threats (e.g. regulatory violations, tax law changes, ability to handle credit events, capacity issues, extraordinary transaction costs)
    • Compounded problems (e.g. under-investment in product workflow across several support areas)
    • Underlying risks (e.g. fraud, new competitive forces, market failure, commitment-related/underwriting risks)
    • Risks within new product build out (own NBIA process)
    • Key person dependencies across the end-to-end business
  • Ensure that effective business continuity plans exist
  • Partner with all control functions to support the enhancement of the control and compliance environment including contributing to remedial programs relating to regulatory inspections.
3. Optimize business performance and planning:

  • Optimize 'bottom line' business performance by driving key initiatives (brokerage, fees, cost base, RWA and capital utilization)
  • Lead annual business budget process (in conjunction with Planning and Analysis)
  • Ensure optimal resource budgeting and allocation to achieve business priorities (including directs, finance, technology, operations and other indirects)
  • Oversee investment/productivity initiatives across the end-to-end business to achieve multi-year targets

4. Other:

  • Contribute to IB and F&BM agendas
  • Contribute to F&BM annual objectives and agenda
  • Promote CIB values and culture

Skill set / experience required:

Business Management, Middle Office, Finance and/or Equities Brokerage experience preferred, however, solid experience from one or a number of the following businesses is acceptable:

  • Capital markets
  • Trading business environment
  • A private equity / hedge fund
  • The investment arm of a financial institution

Knowledge could include but not be limited to:

  • Operations and general administration experience on a regional or global level
  • Understanding of front-to-back best practices for Cash Equities and Equity Derivatives
  • Knowledge in information technology within financial institutions and experience in planning and building efficient systems
  • Understanding of legal and compliance requirements for financial institutions
  • Excellent communication skills with strong English fluency (written and spoken)
Leadership & Management:
  • Demonstrated credibility in managing a business or business function, especially in gaining management and peers buy -in
  • A bility to work with details while not sacrificing the overall business big picture
  • Ability to identify and implement best-practices operations
  • Strategic with good business acumen
  • Culturally sensitive with the ability to work effectively among different countries and regions
  • Team orientated, with the ability to fit into a small, focused and highly successful management team
  • Hands-on and entrepreneurial who enjoys building businesses
  • Self-motivated, tenacious and able to work with high degree of independence
  • Energetic and dynamic in style
  • Passion in striving for business excellence
  • High ethical standard
  • Solid Control mindset

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