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We Offer An interesting role as a member of the Controls and Monitoring (C&M) team which focuses on a variety of control testing activities. The Location C&M team is a neutral monitoring function and the primary control testing team within PB business, setup as part of the Location First Line of Defense Support (FLDS) (formerly known as Business Risk Management or BRM). FLDS in turn reports to the PB Location COO, whom in turn reports to the PB APAC COO.
The Bank aims to hire great people with the right skillsets when staffing the C&M function, which is crucial in supporting the Bank's Risks and Controls Framework, as well as to ensure compliance of all Hong Kong booking platform operational activities with the respective local and offshore regulations by providing support to the Front Office organization on all risk and control related matters.
The role includes the following core tasks and involvement:
You will be working in a dynamic and motivated team of business controllers with the overall purpose to strengthen the Bank's control framework.
As one of the experienced members of the team, you will be responsible in guiding the Junior Business Controllers.
You will perform regular business controls and reviews with accuracy, consistency and good quality. You will also produce the results for reporting purposes in a timely manner.
You will be partnering with Client Facing Employees, Front Office Management and other key business partners (e.g. Compliance, APAC and Location FLDS etc.) and acting as a control and review Subject Matter Expert on various topics (such as Investment Suitability, Cross Border, Know-Your-Customer (KYC) Anti-Money Laundering/Counter-Terrorist Financing (AML/CTF), Anti-Fraud etc.).
You are supporting Front Office Management (Market Group Heads and Market Area Heads) in conducting regular and quality Supervisory controls in a timely manner.
You would ensure that control results are being reported and shared with all relevant business partners, where the gaps/issues identified are being raised on a timely basis.
Where gaps have been identified, you would provide suggestions on how they can be closed. Where areas of improvements have been identified, you would provide suggestions such as streamlining the existing controls for possible increased efficiency.
You would ensure that control and review results are being validated and tracked on an ongoing basis.
You are a fast learner with at least 3-6 years of experience in a risk/control or related function in the Financial Industry.
Confident personality with experience in handling business and operational risk issues and control matters.
Team player and a positive can-do attitude.
Attention to details for producing accurate and precise control results
Initiative to identify areas of improvements and gaps.
Good client and service orientation, enthusiasm and flair to deal with various personality types.
Effective communication and client management skills, particularly in the ability to liaise with senior Front Office as well as other key business partners.
Ability to work independently with minimal supervision, and to excel pressured for meeting any tight deadlines.
Good organizational and time management skills, including the ability to prioritize tasks.
Front-to-Back banking process knowledge with Private Banking background and experience.
AML/CTF (i.e. client review, transaction monitoring) and KYC (i.e. source of wealth plausibility checks) knowledge and experience.
Familiarity with HKMA AMLO Guidelines.
Familiarity with MAS Notice 626 and Guidelines, FAA and SFA is an advantage.