Hong Kong based Manager Compliance (Foreign Bank)
Job Purpose Core Responsibility:
- To support the Head – Compliance of the Branch to co-ordinate, monitor new regulatory requirements and analysing, preparing, and rolling out the revised policies, procedures, and process as per the Bank’s policies and procedures at Head Office as well as to meet with relevant regulatory requirements.
- To advise and support business groups / teams about any compliance issues from regulatory perspective.
- To review and provide inputs to credit proposals, PAC Notes and various polices (i.e. Credit policy, Asset and Liabilities policy etc.) in a timely manner.
- To help support and participate in the development of a reliable AML/KYC systems, including the following:
- review of AML/KYC policy and procedures for the Branch to meet with regulatory requirements
- prepare AML documentation (i.e. checklist, FAQs)
- upload the local name-list into AMLOCK and E-gifts
- Oversight the transactions monitoring relating to retail (alerts), corporate (i.e. loans disbursement, remittances and high volumes transactions), USD/EURO clearing business
- Oversight the legacy screening and annual KYC review process
- Continuous oversight on completion of annual reviews of high risk customers
- To liaise and coordinate with business teams and support groups for the collation of relevant information for the purpose of the HKMA’s On-site examination and Off-site review.
- To liaise and coordinate with Operations and business teams of the Branch in the RBI’s inspection.
- To assist the Head – Compliance in the preparation and annual review of Compliance manual and monitoring activity of the Branch.
- To assist and co-ordinate in preparation of implementation plans for new regulatory guidelines.
- To carry out quarterly compliance review activity as per compliance monitoring annual plan of Hong Kong Branch.
- To carry out annual regulatory self-assessments e.g. Code of Banking Practice, Deposit Protection Board Representation Rules etc.
- To carry out ad-hoc self-assessment (i.e. Liquidity Risk Management, remuneration systems and staff competence etc.) at the request of the HKMA.
- To assist and co-ordinate in completing various regulatory surveys e.g. Internet Banking Statistics, Address of main office and major functions of AIs, DPB survey etc.
- To monitor and deliver the compliance training programmes (i.e. AML/KYC, Code of Conduct and Business Ethics and Code of Banking Practice etc) for the Branch staff and Operations Support Groups.
- To coordinate and prepare for the Branch’s Compliance and Audit Committee meeting.
- To coordinate and prepare the quarterly compliance certificate.
- To monitor the submission of financial returns and regulatory survey through Covenant monitoring systems.
- To update the information to various compliance portals including V-Komply and CG Reporter.
- Perform the complaint handling function (back-up)
- Any other adhoc work assigned by the Head – Compliance and Head Office Compliance.
If this is something you are keen in, kindly email your resumes to aamir.kiyani@empiric.com
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