May 07, 2018

VP / Director, Senior Compliance Testing Officer

  • Financial Services
  • Hong Kong
Full time Compliance Banking Capital Markets Corporate Banking Monitoring

Job Description

Title: Compliance - Senior Compliance Testing Office - Vice President

Location: Hong Kong

Full/Part Time: Full-time

Regular/Temporary: Permanent

Regulation, Compliance & Anti-Financial Crime

Regulation, Compliance and Anti-Financial Crime (AFC) protects the integrity and reputation of the bank. It manages the Bank’s risks and help to avert unintentional rule breaches and conflicts of interest. At the same time, we also advise the bank on ethical conduct and governance issues and keep the bank up to date on regulatory and political challenges.

Overview of Role

The primary focus of this role is to support the Regional Head of CT and CT Team Leader in the performance of CT reviews, ensuring the smooth execution of the CT Testing Plan. The key objective is to assess the adequacy and effectiveness of internal controls in relation to Compliance-owned risk types against internal policy and regulatory requirements. The activities must follow the CT global standards, framework, and methodology.

Key Responsibilities:

• Execute the CT Testing Plan, and ensure that testing activities undertaken are in line with prescribed requirements and delivered on a timely basis.
• Take a lead in the scoping of reviews and provide guidance to junior team members on the testing approach to ensure it is in line with CT methodology.
• Ensure issues raised are supported with adequate evidence.
• Update the progress of CT reviews accurately in the tracking system.
• Agree remediation actions with the relevant stakeholders and ensure that they are properly tracked to completion. This includes prompt follow-up on the remediation progress, validation of issues, timely identification and escalation of concerns and slippages.
• During the course of each review, establish relationships with key stakeholders, including those from Compliance, Front-Office, and other Infrastructure Groups.
• Sharing best practice and lessons learnt with CT colleagues across the region and globally.
• Contribute to Compliance plans through the delivery of CT objectives, and leading, or participating in, Compliance enhancement projects.
• Represent CT at relevant Business and Compliance governance forums as appropriate.

Key Skills and Qualifications:

• Knowledge of banking and securities laws, regulations, directives, regulatory expectations, and risks affecting the Bank.
• Good appreciation of risk and control frameworks, with specific experience in controls testing.
• Experience in technical and product areas relevant to the activities of the Bank in APAC.
• Strong investigative and analytical skills.
• Ability to influence and communicate clearly and effectively on regulatory matters to key stakeholders at all levels.
• Effective team player who is receptive to the exchange of ideas and constructive feedback.
• Drive, discipline and enthusiasm to work independently under pressure and within tight deadlines.
• Steadfast commitment with a strong desire to be successful in the role.
• Ability to generate innovative ideas and challenge the status quo.
• A professional business attitude in the workplace.
• Multi-cultural awareness and sensitivity.
• Availability to travel occasionally for work.
• Minimum 7 years’ testing, Compliance, auditing or regulatory risk management experience in a global
financial institution, regulator and/or similar environment.
• Experience of relevant Businesses / Products is an advantage.
• Educated to degree standard. Relevant professional qualifications (e.g. CPA, CFA) would be advantageous.
• Fluency in spoken and written English (and other languages) is essential.
• Proficient in the use of Microsoft Outlook, Project, Visio, Excel, Word, and PowerPoint

The Bank offers a challenging and rewarding career where your contribution is valued and rewarded. We have an inclusive and friendly working environment coupled with excellent facilities and benefits.

The Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.



Years of Experience


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