Compliance Manager for Hong Kong – VP recruitment
They are now looking for an experienced professional to join their Compliance Operational Risk department in Hong Kong and provide broad-ranging Operational Risk support predominantly for their Wholesale Banking activities in Asia region (primarily, Corporate Deposit Taking, Corporate Lending, Correspondent Banking, Trade Services, and Securities Sales and Trading).
The successful candidate will be intimately involved in developing and maintaining an effective Compliance framework designed to identify, manage and mitigate regulatory and operational risk.
This position offers the opportunities and challenges presented by enhancing a Compliance environment that supports the build-out in Asia of the Bank's businesses that are presently carried on in the United States and Europe.
Responsibilities include:
- Developing and enhancing an effective Compliance infrastructure in Hong Kong to accommodate regulatory requirements and mitigate Compliance and operational risk
- Implementing and administering Compliance control systems and procedures and monitoring programmes for all “banking business” activity, discussing findings or issues and remedial action with business lines; undertaking ad hoc issue escalation and periodic reporting to senior management
- Providing comprehensive Compliance advisory support in current and new business initiatives and in the integration or rationalization of businesses in Hong Kong
- Interacting with regulatory authorities with respect to licensing, ongoing conduct requirements and new business initiatives; leading in the management of internal audits and external regulatory exams
- Developing and delivering Compliance training to enhance awareness and knowledge of applicable laws and regulatory requirements
The ideal candidate will have:
- Relevant university degree and minimum of ten years of relevant experience gained in an international financial centre, ideally from a Wholesale Bank Legal and regulatory background viewed advantageously
- Good knowledge of banking laws and regulations in Hong Kong. Some familiarity with banking and bank holding company laws and regulations in US desirable
- Sound understanding of the operation of international financial markets and the purpose and importance of effective regulatory oversight, risk management and corporate governance
- Good understanding of full service global financial institution and knowledge of financial products, desirable
- Ability to identify Compliance risk and advise on, develop and implement suitable policies and procedures to effectively monitor and mitigate that risk
- Ability to identify and advise business line management of changes in the regulatory and compliance environment and design and implement appropriate Compliance solutions
- Ability to influence stakeholders outside immediate area of control
- Excellent oral, presentation and written communication skills; confidence to communicate proactively and effectively with peers and senior management
Qualified interested candidates, please submit your updated CV via this online application or call +852 2232 3431 directly for a confidential discussion. Please note that only shortlisted applicants will notified.