Banking and Finance

As an international financial centre, Hong Kong’s business and financial activities are closely linked to those of other financial centres and contribute to its economic development. Banking and financial services are diversified. The scope of work is mainly divided into counter services and wealth management services. As a result, there is a strong demand for frontline staff. At present, there are more than 150,000 people working in the banking and financial sectors in Hong Kong, of which about 65% are engaged in banking. The local institutions of higher education also offer a wide range of training programmes and programmes to enhance the skills and knowledge of students in the relevant businesses.

Job Title
Duties

The main services provided by banks are deposits, loans, foreign exchange and insurance. Bank tellers are responsible for the day-to-day operations of the frontline. The main tasks are as follows:

  • Handle daily counter transactions and customer inquiries, including services for account access, transfer and payment
  • Count and verify banknotes and cheques
  • Report any suspicious over-the-counter transactions to the company in accordance with banking regulatory requirements and regulations
  • Provide administrative support to all departments of the company
  • Provide customers with relevant banking products and services
Working hours

About 45-49 hours a week

Working environment

Work in a branch of a bank

Personality
Attention to details
Responsible
Promotion and reference salary
Bank teller
About $13,000-16,000
Customer service officer
About from $16,000
Branch Manager
About from $22,000
Entry requirements
  • Level 2 or equivalent or above in five subjects (including Chinese and English Languages and Mathematics) in the Hong Kong Diploma of Secondary Education Examination (HKDSEE), or above
  • Fluent in Cantonese, English and Mandarin
Duties

Financial advisors develop a range of personal financial solutions for clients, providing savings, investment, MPF and insurance services. The main tasks are as follows:

  • Assist clients with asset allocation and make short-, medium- or long-term savings or investment plans
  • Provide clients with professional financial analysis and solutions, including medical, critical illness and accident insurance
  • Conduct telemarketing and customer interviews as needed
  • Participate in and plan different types of promotional activities
Working hours

Flexible working hours

Working environment

Generally work in a bank, private bank or insurance company

Personality
Responsible
Good communication skills
Be logical
Promotion and reference salary
Financial advisors
Senior financial advisors
Chief financial advisors

Note: The salary of a financial consultant depends on commission.

Entry requirements
  • Level 2 or equivalent or above in five subjects (including Chinese and English Languages) in the Hong Kong Diploma of Secondary Education Examination (HKDSEE) , or above
  • A good command of Cantonese, English and Mandarin
  • Different types of financial advisors are required to pass the examinations and obtain the relevant licences, including the MPF intermediaries examination, the Insurance intermediaries qualification examination and the Securities and Futures Practitioners qualification examination

Note: Generally insurance companies provide on-the-job training to help them obtain professional qualifications.

Duties

Since the launch of the Stock Connect, to promote the development of the stock and securities industries in Hong Kong and the mainland,  securities practitioners are demanded to provide clients with services such as securities and futures trading. Their main tasks are as follows:

  • Handle branch customer enquiries and comments
  • Open accounts, trade orders and settle accounts for customers
  • Deal with stock and futures transactions
  • Participate in the marketing and promotion activities of the company
  • Participate in company training on a regular basis
Working hours

About 45 hours a week

Working environment

Generally work for a securities company

Personality
Good communication skills
Attention to details
Be logical
Promotion and reference salary
Sales officer trainee
Approximately $10,000-12,000
Experience 0-1 year
Sales officer
Approximately $12,000-15,000
Experience 1-3 years
Senior sales officer
Approximately $15,000
Experience 3 years
Entry requirements
  • Level 2 or equivalent or above in five subjects (including Chinese and English Languages and Mathematics) in the Hong Kong Diploma of Secondary Education Examination (HKDSEE) , or above
  • A good command of Cantonese, English and Mandarin
  • Passed the licensing examination of Volumes 1, 7 and 8 required to qualify as securities and futures practitioners
  • A holder of category I and category II licences of the Securities and Futures Commission

Note: Generally securities firms provide on-the-job training to help them obtain professional qualifications.

Duties

Financial markets are changing, and traders need to keep abreast of market conditions to get the latest market information. Traders are mainly responsible for transactions in the market, including stocks, futures and foreign exchange, and the following are their main tasks:

  • Proces and execute orders for securities, stock options and futures in local / foreign markets
  • Assist to finish daily trade report and record
  • Answer customer queries and requests
  • Monitor customers’ trading activities, and conduct risk assessment and control
  • Provide technical support for customers on electronic trading systems
Working hours

About 45 hours a week, work in shifts

Working environment

Generally work in an investment bank or securities firm

Personality
Attention to details
Good time management
Be logical
Promotion and reference salary
Trader
Approximately $10,000-13,000
Experience 0-3 years
Senior trader
Approximately $15,000-22,000
Experience 5 years
Department manager
Approximately from $28,000
Experience 10 years
Entry requirements
  • A holder of Higher Diploma / Associate Degree / registered Post-secondary College Diploma or above from a Hong Kong institution of Higher Education
  • A good command of Cantonese, English and Mandarin.
  • Passed the licensing examination of Volumes 1, 7 and 8 required to qualify as securities and futures practitioners
  • A holder of category I and category II licences of the Securities and Futures Commission
  • Experience in Trading System MT4 is a priority
Duties

Analysts can be divided into “buyer” analysts who are responsible for providing in-depth investment strategies and advice to key clients, and “seller” analysts who are responsible for publishing comprehensive market research reports. The following are their main tasks:

  • Keep an eye on global market changes and conduct market research
  • Collect and collate data, analyze and forecast the market and write reports
  • Comment on the market trend and countermeasures
  • Forecast the target price of an enterprise in the future
Working hours

About 50-60 hours a week

Working environment

Generally work in an investment bank or securities firm

Personality
Attention to details
Good time management
Be logical
Promotion and reference salary
Analysts assistant
Approximately $10,000-13,000
Experience 0-2 years
Analysts
Approximately $16,000-25,000
Experience From 3 years
Senior analysts
Approximately $30,000-45,000
Experience From 7 years
Entry requirements
  • A holder of a Bachelor’s Degree or aboveA good command of Cantonese, English and Mandarin
  • A holder of Securities and Futures Commission licence No. 4 for “Advising on Securities”
  • The (CFA) qualification of a chartered financial analyst is an advantage
Industry Sharing

Mr Ng-Wealth Management Manager (Banking and Finance)