Chinese and local banks have continued to expand headcounts in Hong Kong this year, even as their global rivals have remained reluctant to recruit in large numbers.
Many of their openings are in less than glamorous functions, though. Our July survey of seven mainland and Hong Kong firms found that operations and risk were the top two sectors for vacancies, with 16% and 12% of jobs respectively. Retail banking came in third at 11%.
But among the bank-teller and call-centre advertisements, there is a sprinkling of interesting front-office jobs on offer. Here’s a selection of them from the banks’ careers sites.
This role offers responsibility for ICBC’s long-term development of global capital financing (including debt capital markets, syndication and structure finance, and loan asset trading). You will be working with head office to “maximize cross-selling benefits” and establishing good working relationships with investment banks, securities houses and other counterparties. The job demands at least 10 years’ banking experience, of which five must be managerial.
Landing this job has the potential to greatly enhance your resume – China/Hong Kong cross-border expertise is highly sought after. You will be leading a team exploring “opportunities in response to changes in RMB policies” and setting up strategies for expanding income sources from cross-border business. Five years’ experience in the field is a must.
CCB wants candidates who have worked in banking for 10 years or more and boast at least six years’ experience in securities trading and research. The job oversees all business activities in securities services and requires you to collaborate with the bank’s product, marketing and sales teams. You will also need to be “fully competent in financial modeling and software, investment research and analysis, and able to present investment and product recommendations”.
Take this job and you will be leading a team providing financial advisory and execution on cross-border mergers and acquisitions. Haitong will task you with “assessing potential deals, developing new business and maintaining client relationships”. You must have worked for 10 years in in cross-border M&A deal execution, or have similar corporate finance experience “gained from international or regional investment banks”.
This role could get you onto the managerial ladder at one of the world’s largest banks. You only need two years’ trading or sales work experience (in precious metals) to apply, but you will get a range of managerial responsibilities, such as helping to lead the bank’s precious metals and physical bullion businesses. You will grow the volume and client base of BoC’s bullion operations, and take on more mundane tasks, including preparing market updates and portfolio reviews.
There’s a sizable shortage of qualified data scientists in Hong Kong, so candidates should expect a decent salary increase for taking this job, which involves helping to shape analytical strategy at the bank. You will be accountable for “the design and implementation of big data analytics projects” and you will “uncover patterns by integrating, exploring and mining structured and unstructured data”. BEA wants someone with a minimum five years of experience in data mining and machine learning, who is also proficient in analytical tools such as SAS, R, Python, Perl, or Matlab.
This is a high-net-worth private banking job for an RM who has been in the game for at least a decade. Like all private banks, Hang Seng wants someone who can grow their HNW client base and has strong sales skills. You will also need to provide investment advice, perform investment portfolio analysis, and manage credit quality. Proficiency in both English and Chinese is a must, while “fluency in Putonghua and other dialects is an advantage”.
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