Manager, Business Compliance and Operation Risks Manager (Operation Risks, Private Banking)

Responsibilities Act as first line of defense to review and advise business on control matters, conduct transaction monitoring and business review to ensure adherence to internal/external requirements, identify possible compliance/operational risks/breaches, prepare management report(s) and provide recommendations to mitigate relevant risks Assess product due diligence request raised by business Coordinate BCP; perform UAT for system changes Implement and review the risk control mechanisms (e.g

Bank Of China (Hong Kong) Limited - Hong Kong - Full time

Salary: Competitive

Responsibilities
  • Act as first line of defense to review and advise business on control matters, conduct transaction monitoring and business review to ensure adherence to internal/external requirements, identify possible compliance/operational risks/breaches, prepare management report(s) and provide recommendations to mitigate relevant risks
  • Assess product due diligence request raised by business
  • Coordinate BCP; perform UAT for system changes
  • Implement and review the risk control mechanisms (e.g KRIs) and risk monitoring requirements on the private banking business
  • Work on regulatory survey(s); conduct annual risk and control assessment to ensure relevant risks are identified with proper control being laid down
  • Review policies & procedures, risk assessment materials submitted by various units and to analyze the compliance/operation risks in new businesses / products / systems
  • Conduct trade surveillance, daily report monitoring and other regular transaction and work flow monitoring to identify possible compliance/operational risks and provide recommendations to enhance control weaknesses
  • Perform self-assessment, gap analysis against internal and/or regulatory requirements
  • Work closely with business and second line of defense to implement regulatory and internal requirements on the private banking business
  • Investigate operational risk incidents, recommend appropriate enhancement and monitor implementation status of action plan(s)
  • Perform regular and ad hoc monitoring / self-assessment on relevant business activities and prepare management reports on compliance and operation risk related review results
  • Coordinate internal / external review or audit
  • Provide staff training where required
  • Assist on other ad hoc tasks as assigned
Requirements
  • Degree or above
  • At least 5 years banking experience, with Operational Risk Management experience in banking sector. With relevant private banking background is an advantage.
  • Good analytical, time management and interpersonal skills, with ability to prioritize tasks.
  • Proficient in written, spoken English and Chinese
  • Familiar with HKMA / SFC regulatory requirements
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