How you will fulfill your potential
Provide advice in real time to the Private Wealth Management business on compliance, regulatory, policy and reputational issues, as well as on new business initiatives and significant business changes affecting PWM, including on product suitability, client background and suitability assessment and risk profile evaluations
Refine compliance program, controls and surveillance tools which enables compliance to conduct in depth reviews
Work with Legal and other Compliance functions on regulatory inquiries and client issues
Ensure that appropriate policies and procedures are in place for PWM. Drive completion of updates and the creation of new policies in response to regulatory drivers, external factors and business changes while working closely with Legal and business personnel. Develop, implement and provide training on relevant policies and procedures in compliance with relevant regulations and firm policies/initiatives to the PWM business.
Test and monitor controls, surveillances and procedures to assess effectiveness in ensuring adherence to laws, regulations and firm policies and procedures.
Skills & experience we’re looking for:
University degree holder/relevant professional or industry qualification.
Minimum of 5-7 years relevant experience; preferably in compliance/control function. Regulatory/auditing background will also be considered
Good understanding of the regulatory framework for the private client business, and products
Strong analytical skills and ability to exercise sound judgment and manage execution under pressure
Experience in surveillance, operational flow of products and system knowledge is an advantage
Energetic, attentive to detail and capable of multi-tasking in a fast-paced environment
Excellent interpersonal skills and the ability to work effectively in a team-oriented setting, prioritize projects to meet tight deadlines. Highly motivated self-starter with an ability to work independently
Strong oral and written communication skills
Must be fluent in English and Chinese
Ability to read and write Chinese is preferable
To provide compliance support to Capital Markets HK FICC and GELP businesses and to work with the Wealth Management Compliance team to provide compliance support to Wealth Management HK brokerage business.
To prepare relevant compliance policies and procedures for the businesses.
To review regulatory rule changes issued by relevant regulators, exchanges, and other regulatory bodies and amend procedures where necessary.
To liaise where necessary with the relevant regulatory bodies and exchanges in relation to any queries raised by such bodies or to request guidance on any matters.
Participate as required in internal investigations into potential breaches of regulatory requirements or firm policy.
To assist assessments in any new initiatives undertaken by businesses by advising on any applicable regulatory requirements that may have an impact on such initiatives. This includes reviewing, advising on and drafting appropriate text from a compliance perspective for New Business Committee proposals.
To provide pro-active, timely advice on the relevant regulatory and firm policy requirements in respect of ad hoc queries, specific transactions, new product initiatives etc.
To promote observance of high standards of business conduct and ethical standards.
To conduct monitoring and testing on covered businesses.
To update the Regulatory Compliance Management tools and Issue Track when required.
To provide training to staff at all levels on the application of the relevant regulations and the standards expected.
To advise and assist Compliance colleagues in different jurisdictions on local regulatory issues or matters relating to cross-border businesses undertaken within the primary areas of responsibility.
To provide training and guidance to junior compliance staff in the team.
To provide backup support for other team members in HK.
To take up any ad hoc projects or tasks as assigned by the management of Compliance Team from time to time.
Good knowledge of regulatory framework including cross-border implications.
In-depth knowledge of HKMA, SFC and APAC exchanges rules and regulations.
Good knowledge of Global Markets products and their risk management policies and processes Good organisational and communication skills.
Ability to work well in a team and build relationships at all levels of the bank.
Ability to conduct duties expediently with the minimum of supervision.
Aptitude for accuracy, attention to detail, and hands-on approach.
Good computer literacy, knowledge of Word, Excel, PowerPoint, and Outlook essential.