Head of Transaction Monitoring, MLRO

Our client is one of the largest banking groups in Asia, with strong business across retail & wealth management, and corporate & investment banking. They are now seeking a Head of Transaction Monitoring to join their HK AML Compliance team.

Pure Hong Kong - Hong Kong - Full time

Salary: HK$1500k - HK$1800k

Key Responsibilities:

  • Act as the MLRO responsible for overseeing AML/CFT compliance for the banking group.
  • Ensure adherence to regulatory requirements and guidelines related to transaction monitoring and reporting.
  • Lead the transaction monitoring function to detect and prevent suspicious activities and financial crimes.
  • Develop and implement robust transaction monitoring systems and processes.
  • Assess financial crime risks and develop strategies to mitigate these risks effectively.
  • Conduct regular risk assessments and enhance monitoring processes accordingly.
  • Prepare and submit timely and accurate STR reports to regulatory authorities and senior management.
  • Serve as the primary point of contact for regulatory bodies, law enforcement agencies, and internal stakeholders on AML/CFT matters.
  • Collaborate with cross-functional teams to address compliance issues and enhance controls.

Qualifications and Requirements:

  • Bachelor's degree in Finance, Business, Law, or related field; advanced degree or relevant certifications (e.g., CAMS) preferred.
  • Proven experience in a senior AML/Transaction Monitoring role within the banking sector.
  • In-depth knowledge of AML/CFT regulations, transaction monitoring systems, and risk assessment methodologies.
  • Strong leadership skills with the ability to manage a team and drive initiatives effectively.
  • Excellent communication, analytical, and problem-solving skills (in both Chinese & English).
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