Major Roles in Banking
Major job responsibilities
- Design, develop, test and deliver core functional and technical aspects of fintech solutions for the bank. Coordinate projects on fintech solutions throughout the software development life cycle.
- Provide expert advice on fintech applications. Build and implement fintech solutions.
- Design and develop new fintech products with innovative features and functionalities driven by user needs or market forces.
- Manage fintech products and development, ensuring the products align with the bank’s overall fintech strategic direction and product compliance.
- Assist in the research and execution of fintech strategy, and manage the fintech initiatives of the bank in collaboration with internal stakeholders and external vendors and partners.
- Drive the fintech agenda within the bank and provide strategic directions for the bank’s fintech initiatives.
- Assist in regtech research, formulate cases, and consolidate regulatory and business requirements.
- Lead the design, development and implementation of regtech solutions, ensuring alignment with the bank’s overall regtech strategy and realisation of the benefits of regtech.
- Enhance the efficiency and effectiveness of the bank’s risk management and regulatory compliance.
Relevant professional qualifications
- Associate Fintech Professional (CPFinT(A))
- Certified Fintech Professional (Specialist – AI and Big Data Stream) (CPFinT(S-AIBD))
- Certified Fintech Professional (Specialist – Distributed Ledger Technology Stream) (CPFinT(S-DLT))
- Certified Fintech Professional (Specialist – Open Banking and API Stream) (CPFinT(S-OBAPI))
Professional Qualifications under HKMA’s Enhanced Competency Framework:
Important skills and knowledge
- Artificial intelligence (AI)
- Big data/data analytics
- Cloud computing
- Regtech
- Cybersecurity awareness
- Fintech product design and development
- Fintech innovation strategies
- Fintech applications and customer experience
- Project governance and assurance
- Retail banking
- Corporate and institutional banking
- Regulatory trends and developments
- Requirements on personal data and privacy protection
- Regtech trends and government initiatives
- Regulatory compliance intelligence
- Financial crime prevention
- Change management and digital transformation
- Ability to explain technologies and the needs of users and customers in a simple and user-friendly manner
- Adept at working with different teams within the bank throughout the fintech product development cycle
A day in the life of a
Fintech Practitioner
Typical career path
The career path of a fintech practitioner can vary a lot, depending on the individual’s own areas of expertise and work priorities, which can range from product development to strategic planning. The three main streams are the technical path, the management path and the regtech path.
Some people may choose to progress within the bank in a technical role according to their personal interests and character.
Those working in managerial roles, e.g. Chief Digital Officer, also need to understand the technology behind the systems, but do not focus on development work or project management. Instead, they are responsible for making strategic decisions and building and leading the team.
Specialised practitioners may help drive the design, development and implementation of regtech solutions to ensure alignment with the bank’s overall regtech strategy.
What bankers say
Financial and technology knowledge and skills enable me to develop better fintech products and customer-oriented fintech solutions.
Since becoming an Management Trainee five years ago, I have taken up different job roles, including in branch and credit card teams, before joining the digital banking team six months ago. The digital banking team is one of the fastest-growing teams and I treasure the opportunity to grow in such a fast-paced and agile working environment.