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Head of Legal Compliance - Banking

Location Hong Kong, Hong Kong
Posted 21-May-2019
Description
Head of Legal & Compliance - Banking
[Description]
- Acting as a person in charge of Legal & Compliance Team and/or counterparty for answering and managing on enquiries and questions raised by the regulatory bodies / agencies, judicial institutions and Hong Kong Association of Banks.
- Supervise and handle legal disputes and matters.
- Formulate management and controls related policies and procedures on operational risk, compliance risk, reputation risk, anti-money laundering and fraud risk perspective.
- Evaluate risk management tools and reporting mechanisms for designing operational risk model and compliance risks & controls.
- Monitor and implement respective policies and procedures designed by business and operational unit / team under the first line of defense.
- Report any operational risk losses / events / activities and to supervise rectification plan to take proper remedial actions, addressing the gaps through a newly established processes and procedures.
- Provide advisory on operational risks, compliance, anti-money laundering and fraud risk control and mitigation measures for a new product/business initiatives.
- Deliver AML/CTF trainings and maintain the Bank’s AML training plan.
- Provide advisory to the management and associates on AML and CFT issues with a strong focus on business operation and product development.
- Formulate and update AML/CTF policies and procedures in light of the latest regulatory requirements/ market practices and the corporate policies.
- Provide advice to frontline and other relevant units on AML related matters.
- Review Enhanced Due Diligence (EDD) cases and relevant KYC documents submitted by business.
- Ensure AML/CFT related information and publications are properly kept, distributed and duly communicated to relevant associates.

Requirements
- Degree holder or above in risk management and compliance is preferred.
- 8 -10 + years of compliance and operational risk experience gained from banks or financial institutions.
- Strong leadership, analytical, problem solving, interpersonal and managerial skills.
- Familiar with rules and regulations related to banking and financial institutions including Banking Ordinance, Code of Banking Practice, HKMA Supervisory Policy Manual, Personal Data (Privacy) Ordinance, and other relevant legal and regulatory requirements.
- Solid banking compliance experience with strong sense of banking internal control frameworks.
- Familiar with rules and regulations required by the anti-money laundering and counter-terrorism financing in Hong Kong.
- Experience in interacting with regulators like HKMA and SFC.
- Excellent written and verbal communication skills with fluency in English, Cantonese & Mandarin

Additional Job Information
5 day
discretionary bonus
Kowloon
Medical (including spouse & children)
Annual Leave
Salary
HKD80,000 - 100,000
Salary details
USD 120000.00 to USD 150000.00

 
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