Vice President -
Compliance Department Hong Kong - AML
Job Duties & Responsibilities:
- Assist Compliance Management / Supervisors to oversee various controls measures outlined in bank's internal policies and procedures;
- Assist to develop and/or continuously review the Anti-Money Laundering ("AML") / Counter-Financing of Terrorism ("CFT") systems to ensure that they remain up-to-date and meet with current statutory and regulatory requirements; and oversee the systems which include monitoring effectiveness and enhancing the controls and procedures where necessary;
- Review and provide compliance advice to business stakeholders and key control functions on day-to-day compliance matters related to AML/CFT and Sanctions, including but not limited to high-risk or suspicious transaction / alert review, handle enquires / perform risk assessment and provide advice on matters related to transaction filtering ("TF"), transaction monitoring ("TM") or matters related to sanctions compliance;
- Maintain and update the AML/CFT/Sanctions related policies and procedures in accordance with Head / Regional office guidelines and/or relevant laws and regulations of major jurisdictions;
- Assist or support Compliance management / supervisors in monitoring and detecting any business relationships or transactions suspected of money laundering, and prepare suspicious transaction reports or other filings as necessary;
- Review all internal disclosures and exception reports and, in the light of all available relevant information, determining whether or not it is necessary to make a report to the respective authorities;
- Perform testing and monitoring over the AML/CFT/Sanctions related controls, processes or systems; handle regulatory reporting and initiatives in relation to matters or systems of AML/CFT/Sanctions;
- Prepare reports, plan and perform independent review or gap analysis and/or risk assessment in accordance with the requirements set out by Head / Regional or Hong Kong office;
- Promote anti-money laundering / sanctions and related policies and controls in the Hong Kong office and provide regular trainings on AML/CFT/Sanctions to employees;
- Monitor the implementation of Sanctions programs and related systems in meeting with the relevant regulatory requirements and the remediation for exceptional cases;
- Perform ad hoc duties, projects or initiatives as assigned by Compliance management / supervisors.
Requirements:
- Degree holder or above, with professional qualification in law, accountancy/audit, banking or equivalent, Certificated AML or Sanctions Professional (e.g., AAMLCP, CAMLP, CAMS);
- Familiar with AML/CFT/Sanctions Laws, regulations and control measures;
- Minimum 6-10 years' experience in AML/CFT/Sanctions/Financial crime or related compliance in financial institutions, or relevant experiences gained in investigation / financial crime risk management function of law enforcement agencies or regulators. AVP position may be considered to offer for candidates with less experience or who do not fully meet with the outlined requirements;
- Familiar with banking products and regulatory requirements in relation to AML/CFT/Sanctions and related control measures, preferably in commercial / corporate banking;
- Self-motivated, able to work independently with minimum supervision, good analytical mind / problem solving skills, good interpersonal skills, a team player and able to work under pressure with tight deadlines;
- Good command of written and spoken English and Chinese;
- Good PC skills and proficient in using MS Offices, relevant experiences in handling / analyzing AML related systems or tools.
