Description

Business Function

Group Legal, Compliance & Secretariat (LCS) ensures that the bank's interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.

Job Objective

The role aims to promote compliance culture/conduct in Wealth Management by establishing and implementing compliance policies and procedures to ensure the business's compliance with all relevant laws, regulations and rules in HK on an on-going basis. Ensure the adoption of a consistent and best practice compliance approach across the business by establishing a compliance framework which the business is expected to follow to protect the business and the Bank's reputation.

Responsibilities

• To liaise with/ assist the Team Lead to liaise with senior management of BU/SU and provide practical assistance, advice and timely escalation on major compliance/regulatory issues and developments.
• To assist the Team Lead to ensure that the Bank operates in accordance with all relevant applicable regulatory requirements, so as to protect the Bank from regulatory risks and ensure the reputation of the Bank.
• To assist BU/SU to formulate and develop internal policies, procedures and guidelines to facilitate compliance with regulatory requirements and ethical standards applicable to BU/SU.
• To communicate compliance and regulatory matters relevant to BU/SU and assist them in setting up and monitoring internal control systems to ensure compliance.
• To review and assist the Team Lead for sign off BU/SU new products, services and businesses from a regulatory perspective, advise on compliance and regulatory issues.
• To act as focal point between the Bank and regulators and liaise with regulators on regulatory and compliance matters as well as foster relationships during daily interaction.
• To provide advice and assistance in education and training for BU/SU on key compliance and regulatory matters.
• To play an active role in overseeing and assisting BU/SU specific regulatory examinations, inspection and/or investigations.

Requirements

• A degree in Law, Finance, Accountancy, or related disciplines, or possession of legal or accountancy professional qualifications
• At least 6-8 years' experience in: 1) compliance / legal or audit department of a bank or authorized / licensed financial institution; or 2) a local or overseas banking or relevant financial supervisory body; or 3) a professional legal or audit / accountancy firm with banking or financial services compliance / regulatory advisory experience.
• In-depth knowledge of banking and financial sector laws and regulations, compliance best practices and understanding of financial products and operating business, in particular those relating to Wealth Management
• Ability to understand the business, analyze issues and formulate appropriate recommendations
• Ability to develop a rapport with Wealth Management business units but maintaining independence.
• Ability to foster compliance culture, in particular within Wealth Management and the compliance team
• Ability to effectively communicate with management and front-line staff to drive compliance initiatives and other relevant process changes / projects
• Ability to develop and coach staff
• Sound interpersonal and communication skills
• Good writing ability

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

We regret only shortlisted candidates will be notified.

Location:
One Island East

Job:
Legal & Compliance

Schedule:
Regular

Employee Status: