Overview

Position Purpose

  • Member of the KYC/AML account recertification team.
  • Enforce Wealth Management Compliance policies and procedures.
  • Provide advisory to Business and Functions on KYC/AML related issues

Key Responsibilities

  • To diligently carry out the account recertification process and ensure accounts are compliant, especially on issues of money laundering, adverse media, sanctions, via the due diligence review and transaction monitoring processes; and to flag out and alert managers as and when suspicious activities are found.
  • To work independently on assigned tasks with minimal supervision.
  • To identify issues during the review process and communicate effectively to Front Office in an efficient manner.
  • To assist and actively take part in the client acceptance and recertification committee by performing compliance risk analysis, providing mitigating solutions and presenting to the committee members for deliberation.
  • To proactively identify potential gaps in our current processes/policies against regulatory requirements, and bring up to management immediate attention.
  • To keep abreast of new regulations and to update management and colleagues on impact of changes.
  • To recommend ways to improve efficiency on the current review process.
  • To lead ad hoc projects, in particular, projects related to procedures development, process improvements, and control & system enhancements.
  • To prepare training materials and provide live trainings to Front Office on KYC-related matters, and promote compliance awareness and culture.
  • To investigate, analyze, prepare memo, and ensure required protocol is followed through for STR-related cases.
  • To assist with review and comment on proposed new policies.
  • To assist with internal audits, regulatory inspection and investigation.
  • To work with Home Office Compliance on derogations and other policies-related matters.
  • To identify and control compliance risks, implementing monitoring measures where required.
  • To assist in preparing relevant compliance reports pertaining to Wealth Management for submission to Head Office and ensuring accomplishment of the Department’s mission.

Competencies (Technical / Behavioural)

  • Familiar with Hong Kong laws and regulations.
  • A team player and work well with people
  • Able to work independently, perform under pressure with tight deadlines and multi-tasks.
  • A good knowledge of compliance framework.
  • Have strong written and communication skills.
  • Strong presentation skill

Specific Qualifications Required

  • University graduate.
  • Compliance experience in Wealth Management/Private Bank.
  • Fluent in Cantonese, English and Mandarin.

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