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VP, Compliance - Global Market & Corporate Banking

  • Job type: Permanent
  • Location: Hong Kong
  • Salary: HK$100000 - HK$130000 per annum + Discretionary Bonus
  • Job reference: 294862_1559811199
  • Sector: Selby Jennings, Compliance
  • Date posted: 06/06/2019

Compliance Framework

  • Responsible for developing, reviewing, updating and enhancing Compliance frameworks, methodologies, policies, procedures and controls over AML, CFT and Regulatory Compliance. Continuing advance and improve AML, CFT, Anti-Bribery and Corruption ("ABC") and Sanctions Compliance framework, methodologies, policies, procedures and controls so as to be in line with the Hong Kong Monetary Authority ("HKMA") requirements and industry best practices.

Regulatory Reform Management

  • Required to keep continuingly abreast of all regulatory developments in Hong Kong and to ensure that all the relevant regulatory changes are taken into consideration with the design of the Hong Kong branch's framework, methodologies, policies, procedures and controls so as to ensure adherence to all HKMA requirements at all times.
  • Review changes to regulation, analyse its impact for Hong Kong and inform the Head of Compliance - Hong Kong on any regulatory changes.
  • Work with the relevant internal stakeholders by providing Compliance Advisory support and guidance in implementing the policies, procedures and controls to meet the HKMA regulatory requirements.

Compliance Monitoring and Testing

  • Participate in developing and executing of the risk-based Compliance Monitoring Plan ("CMP") and conduct the reviews in alignment with the established timelines.
  • Timely and effective reporting of CMP review results highlighting regulatory weaknesses and areas of non-compliance for management together with recommendations for corrective action.
  • Conduct periodic monitoring and follow-ups on corrective actions. Perform regular compliance checking, review, self-assessment required by regulators, management and/or the Group and draft findings/reports.

Minimum Experience

  • At least 10 years of Compliance experience in financial services, of which a minimal of 5 years must be in AML, CFT and Sanctions Compliance in the Hong Kong banking industry.
  • Strong understanding and knowledge of compliance and international compliance best practices, particularly in HKMA banking regulations.
  • Strong team player who is highly motivated, independent and able to work under pressure and tight timelines.
  • Excellent communication and inter-personal skills, with experience of dealing with stakeholders at all levels.
  • Ability to develop practical, cost effective solutions to complex issues
  • Experience in dealing with regulatory matters and confident in interaction with regulators (both the HKMA and the SFC).

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