Operation Manager, Private Wealth Management / Private Banking

Job level Middle
Work exp 10 Years To 15 Years or above
Education Bachelor Degree
Location Central
Employment type Permanent
Benefits 5-day week, Competitive pay, Dental plan, Discretionary bonus, Education subsidies, Insurance plan, Medical plan, Paid overtime, Travel allowance, Year-end bonus
Industry Banking
Job function Banking / Finance > Private Banking / Wealth Management
Banking / Finance > General / Operations
Published On 17/11/2016
ref. PB-OM-CP20161117

Job Description:

  • Head the Private Wealth Management/Private Banking (PWM/PB) operational management, oversee the whole middle office division covering Compliance & Operational Risk Control, Credit Risk Management and System Project Management
  • Responsible for establishing a robust operation platform to support the launch of the PWM/PB business of the Bank
  • Draft & prepare all respective documents, policies and procedures and provide support & control on the whole account opening processing of client onboarding including AML/KYC/Suitability/FCC & related compliance fulfillments
  • Process all banking and investment transactions, payment & settlement for PWM/PB clients
  • Attend to all operational, settlement and service related inquiries and complaints from PWM/PB clients
  • Execute all product & trade settlement monitoring & controls
  • Process related credit documents, valuation, limit excess monitoring & control & handle all margin calls for PWM/PB clients and the respective reporting
  • Manage business initiatives & projects, establish operational policy and procedures for the launch of the various investment products
  • Ensure all compliance requirements of the local regulatory authorities are properly executed in the operation of the PWM/PB business



  • University degree or above
  • In-depth knowledge of the local PWM/PB operation policies, procedures & process and controls of client onboarding; trade transactions and settlements of products, services and service related inquiries; and regulatory rules and requirements particularly the areas of AML/KYC/FCC/Suitability
  • At least 10 years’ solid experiences in the areas of PWM/PB operation management and control
  • Strong leader. Strong self-motivation, able to work under pressure as a self-starter
  • Strong interpersonal and communication skills
  • Fluency of English, Cantonese and Mandarin


Application Methods:

Interested parties are requested to send their applications with resume stating present and expected salaries to Human Resources Manager, 20/F Bank of America Tower, 12 Harcourt Road, Central, Hong Kong or by email to hrhk@cmbchina.com or by fax to (852) 3111-0801.