Head of Legal and Compliance
Job Responsibilities
Support Parent Bank and top management in building and resourcing Compliance function with the right expertise to enable bank organic growth within Risk Appetite. Take the lead to evaluate, supervise and guide the control on AML & regulatory related policies and procedures in Bank;
Develop, coordinate and review the annual compliance work plan; oversee the work activities and monitor for the quality and effectiveness of compliance control with periodic report provide to senior management;
Promote, instill and enhance the compliance culture within the Bank and ensure that policies and guidance by Compliance Division meet relevant standards and are up-to-date;
Ensure that action arising from Compliance Plans are discharged properly;
Work with various training teams in the bank to and promote risks and control awareness in AML and compliance related areas;
Attending enquiries and handling inspection from regulators and Internal Audit. Assist in conducting HKMA assessment of money laundering and terrorist financing risks, and other on-site and off-site reviews from HKMA and other Regulators etc;
Understand the market best practice in relation to the AML and regulatory control issues. Provide feedback and recommendation to Compliance Group with in depth understanding of regulation, market practice and their commercial impact;
Establish, develop and maintain an effective Compliance function within relevant business, and provide adequate support through advice and guidance to business management and business units on current and new business initiatives for mitigating compliance risks;
Act as the contact point with regulatory and law enforcement bodies. Communicate and liaison with regulatory bodies and external advisors if applicable, to penetrate into compliance related matters;
Sign off Compliance and AML risk assessments on new products;
Review customer complaints with regulatory and compliance concerns, ensuring completion of root cause analysis and thereby devise effective corrective and preventive measures;
Liaise with internal and external legal counsel, review the bank’s legal documents include contracts and agreements;
Handle ad-hoc compliance related projects assigned by Chief Risk Officer and/or top management.
Job Requirements
Bachelor Degree in Banking, Finance, or Law, with professional qualification preferable;
A minimum of 10 years of relevant experience in regulatory compliance roles, as an in-house compliance officer in banks, financial institutions or professional firms with extensive exposures in compliance, AML and/or risk management;
Sound knowledge and good understanding of Banking Ordinance, and relevant regulatory requirements of the Bank;
Extensive knowledge and experience in dealing with industry regulations pertinent to the Bank’s businesses and operations;
Prior experience in working with local regulatory bodies such as HKMA and SFC an advantage;
Prior experience as CO and/or MLRO is preferred;
Excellent communication skills in English, Cantonese and Putonghua;
Good analytical and interpersonal skills; and
Strong leadership and people management skills.
To apply please send your CV in Chinese and English with salary expectations to HR@bosc-hk.com.
We offer successful candidates an attractive remuneration package and the opportunity to work in a dynamic and exciting environment.
Personal data collected will be used for recruitment purposes only.