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AVP, Financial Crime Compliance - International Bank
August 16, 2019
The firm is a leading financial services organisation globally, built around a simple purpose:
To excel at security and enhancing the financial wellbeing of people, businesses and communities
Our values are how we treat each other and every person we interact with. They define our culture.
Integrity, have the courage to do and say what's right
Accountability, take ownership and follow up
Excellence, do your best
Service, help others Your Role
Risk Management is responsible for developing the risk frameworks to allow the Group to take conscious exposures to credit, market, operational, compliance and insurance risks within a Board-approved appetite. Risk Management ensures the Group has appropriate strategies and frameworks in place to assess, manage and report on credit, market, operational, compliance and insurance risks for Institutional Banking & Markets (BB&M) and Business and Private Banking (B&PB). IB&M and B&PB are two of the client-facing business groups within the firm in Hong Kong and. IB&M manage the Branch's Institutional and Corporate business. B&PB manage the banks high net worth personal client Private Bank relationships.
The Compliance and Regulatory Risk team is responsible for ensuring that all business activities, transactions and processes are conducted in accordance with the legislative framework by providing advice on regulatory Compliance and Financial Crime (AML, Sanctions, ABC) matters and assistance with the resolution of regulatory problems across the Institutional & Business Banking (I&BB) businesses.
The Hong Kong Branch Compliance and Regulatory Risk team is responsible for ensuring that all Branch's regulated activities are conducted in accordance with its compliance obligations.
Your Impact & Contribution
To support sustainable business growth across Institutional Banking & Markets (IB&M) and Business & Private Bank through optimal risk/reward decisions and advice on regulatory Obligations. This role has a specific relationship with the Hong Kong teams.
Being a trusted adviser on Compliance & Regulatory Risk matters
Being an efficient and effective second layer of assurance over Compliance obligations
Supporting and enhancing a risk/reward culture across Institutional & Business Banking (I&BB)
Your reporting lines
You will report to the Head of Compliance & Regulatory Risk, Hong Kong and Head of Financial Crime Compliance (HKMLRO)
This role has a focused accountability for the IB&M Hong Kong businesses and will require close liaison with I&BB Compliance and Operational Risk colleagues in the Institutional Banking & Markets (IB&M) and Private Bank (PB) portfolios in regional offices and head office.
Advise on day-to-day AML/CTF, Sanctions and Anti-Bribery & Corruption matters affecting the firms Hong Kong Branch including, but not limited to, customer identification and due diligence, enhanced due diligence, risk scorecard, policy and procedures maintenance, internal and external reporting, and training.
Execute the Financial Crime Compliance monitoring and reporting program to agreed schedules as required under the firms Compliance Risk Management Framework
Proactively drive the identification and on-going assessment of the AML/CTF and Sanctions risks associated with the firms Hong Kong Branch's products and services as well as client types and geographies.
Ensure that the firms Hong Kong's wider Financial Crime Framework processes continue to provide an effective control environment that is consistent with regulatory expectations and the Group Compliance Risk Management Framework.
Monitor Financial Crime industry developments and maintain knowledge of new and amended laws and regulations pertaining to the business, and assist in providing advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies.
Maintain appropriate financial crime metrics for management information reporting.
Provide guidance to the firms Hong Kong stakeholders to assist them to develop robust procedures to comply with Hong Kong regulatory obligations including AML/CTF, Sanctions, Anti-Bribery & Corruption and compliance with Group Financial Crime policies and standards.
Assist the MLRO with the management, reporting and resolution of suspicious transactions raised by the business.
Assist with the preparation of internal and external financial crime compliance reporting and ad-hoc regulatory requests.
Work closely with Client Onboarding team, Client Coverage, Legal and Operational risk teams and other functions within Hong Kong branch
Actively participate in the various industry and Group AML/Financial Crime forums and Working Groups.
Contribute to the development of AML/Financial Crime training within the Hong Kong branch
Your skills & experience
Strong technical financial crime knowledge, skills and experience, including AML/CTF, Sanctions, Anti- Bribery and Corruption, Politically Exposed Persons and regulatory requirements around Customer Due Diligence/Know your Customer.
Strong understanding of HKMA and SFC regulatory and legislative obligations and industry guidance pertaining to AML/CTF, Sanctions and Anti-Bribery and Corruption.
Financial markets product and process knowledge including Institutional Banking, Markets, and high net worth individuals.
4+ years of experience in a corporate or investment banking AML/Financial Crime environment or other relevant role
Strong written and spoken business English skill is essential. Cantonese and/or Mandarin is desirable but not essential.
Proven ability to manage conflicting priorities against tight deadlines.
Ability to work under pressure and apply logical thinking to problem solving.
Team player with the ability to liaise and communicate effectively across the organisation.
Relevant Financial Crime professional qualifications desirable (e.g. CAMS ICA Diploma of AML, Associate AML Professional (AAMLP or equivalent).
If you live the values and demonstrate the people capabilities, we can offer great opportunities. Whether you want to move across the organisation or up into a leadership role, the way you live the values and demonstrate the people capabilities are key. Use the capabilities required for this role as a guide to the critical skills and behaviours you will need to support your next move.
People capabilities are skills we all focus on, and they build on our values. By working on the same skills in our people capabilities we all pull in the same direction.
Our people capabilities are reflective of our culture and, regardless of level, are capabilities we expect to see demonstrated by all the firms Group employees.
Internal Number: 6009838
About Arion House
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