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AVP, Compliance Testing - European Investment Bank
May 10, 2019
The Compliance Testing team is responsible for providing assurance testing on the design and operating effectiveness of the businesses' control environment and adherence to applicable regulations and the Bank's policies. Compliance Testing develops and executes an annual, risk based testing plan that covers the risk categories owned by Compliance, across all businesses in the region.
For Hong Kong (HK), the relevant businesses are:
Corporate & Investment Banking (CIB) – Equities, Fixed Income and Currencies, Global Transaction Banking and Corporate Finance;
Private Wealth and Commercial Clients (PWCC) divisions; and
The HK CT team comprises of 9 FTE. The role reports to a VP in Compliance Testing.
The role requires strong Compliance Risk Management experience, with 5-7 years in Compliance / Compliance Testing/ Audit/Risk and Control in financial services.
Roles and responsibilities:
Collaboration with various Compliance stakeholders to ensure the implementation of adequate and effective testing program for APAC that meet both BaFin and local regulatory requirements;
Supporting the execution of the testing program for L1 controls, potentially including reviews at the non-hub offices; the opportunity for travel to other jurisdictions may be available
Ensuring that all issues raised in CT have adequate remediation plans that are tracked and escalated promptly and appropriately;
Developing relationships with the relevant Business Management offices, Divisional Control teams and Infrastructure functions;
Sharing best practice and learnings with CT colleagues locally/regionally/globally;
Assisting in the development and maintenance of appropriate Management Information to inform Senior
Management of pertinent matters, in line with the bank/Compliance/CCF/CT standards;
Liaising regularly with relevant businesses, Business Line Compliance and other colleagues to remain
abreast of developments as it pertains to CCF/CT; ensuring stakeholders are aware of the likely impact on
the controls testing program and implementing changes where necessary; and
Assisting in any ad-hoc projects and tasks as necessary.
Skills and qualification: Skills required:
Good understanding of Compliance Risks and the ways in which the risks will crystallize in practice, so as to be able to test adequacy and effectiveness of the Compliance Risk Management framework implemented to address those risks;
The drive, discipline and enthusiasm to work independently under pressure;
Strong attention to detail and ability to identify changes and impact of any changes to documents, systems
and processes as against compliance risks, remediation required, etc.;
Good drafting skills, including the ability to record and describe complex issues clearly and succinctly, in a
way that are easily understandable by any recipient of the relevant reports.
Able to quickly understand complex issues and set a course of action (that others are prepared to follow) to
meet specific goals;
Strong investigative and analytical skills – enquiry, analysis, interviewing, testing;
Strong verbal, written and presentation skills;
Proactive – will seek to find the right solution and options to issues within and outside their specific remit,
without being prompted and within an appropriate matrix management framework;
Assertive and engaging and able to quickly build and maintain effective working relationships;
Strong collaborative team player receptive to exchange of ideas and constructive criticism;
Multi-cultural awareness and sensitivity
Ability to work with different review leads and managers within Compliance Testing
5 to 7 years' experience of in Compliance / Compliance Testing/ Audit/Risk and Control in a complex financial services environment, preferably with the same mix as the bank;
Relevant technical/product knowledge to the activities of the bank in APAC;
Education / Qualifications:
Educated to degree level with a demonstrable professional qualification;
Fluent in English, knowledge of another Asian language a plus, and
Proficient in the use of Microsoft Outlook, Excel, Word, and PowerPoint.
Internal Number: 5850771
About Arion House
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