Core Objectives
- Take full responsibility for the companys business compliance and operations in the Hong Kong market, particularly in areas such as product distribution introduction, contract management, and compliance design for the companys website and APP.
- Ensure that all business activities strictly comply with Hong Kong laws, regulations, and supervisory requirements, and promote the companys sustainable and compliant development within the internet financial services sector.
Key Responsibilities
Product Distribution Introduction
- Market Research and Product Screening
- Monitor trends in Hong Kongs financial product market, researching various financial products offered via online platforms (e.g., funds, insurance, structured products, derivatives).
- Analyze market performance, investment strategies, and risk characteristics of products available for online distribution.
- Screen and select potential products based on company strategy, customer demand, and risk appetite, building a product pipeline suitable for online financial channels.
- Product Evaluation and Due Diligence
- Conduct comprehensive due diligence on potential product issuers, including their background, qualifications, reputation, and financial status.
- Evaluate product compliance to ensure full adherence to the Securities and Futures Commission (SFC) and other regulatory bodies requirements — including accuracy of offering documents and compliance with investment restrictions.
- Work with internal risk management and legal teams to analyze the products risk-return profile and prepare detailed product evaluation reports to support business decisions.
- Partnership Negotiation and Implementation
- Represent the company in negotiations with product issuers or financial partners, covering terms such as distribution fees, sales targets, and disclosure obligations.
- Lead the drafting, review, and signing of cooperation agreements, ensuring compliance and the protection of company and client interests.
- Coordinate internal departments to implement new products, including system integration, staff training, and digital marketing promotion to ensure smooth online product launch.
Contract Management
- Drafting and Template Development
- Draft various types of contracts related to online financial services (such as distribution cooperation, client service, business partnerships), ensuring accuracy, clarity, and compliance with regulations.
- Maintain and regularly update a contract template library to reflect evolving legal requirements and business needs.
- Contract Review and Risk Control
- Review all contracts to ensure compliance with Hong Kong laws, regulatory requirements, and company internal policies.
- Identify potential risks (default, legal, compliance) and propose preventive measures and modification suggestions to safeguard company interests.
- Contract Execution and Monitoring
- Support relevant departments in completing contract execution and ensure legal validity and procedural compliance.
- Establish a tracking mechanism to monitor contract performance and address any issues (e.g., breach, amendment) in a timely manner.
- Archiving and Record Management
- Manage contract records, including classification, filing, storage, and access control, ensuring integrity and traceability.
- Periodically review and handle expired contracts in accordance with laws and company policy.
Website and APP Compliance Design
- Policy Monitoring and Communication
- Stay abreast of the SFC and other regulators updates regarding online financial disclosure, fintech compliance, and investor protection requirements.
- Interpret and communicate policy updates to relevant internal teams (technology, operations, marketing).
- Content Compliance Review
- Review all content displayed on the companys website and APP (including corporate information, product descriptions, terms of service, news, and promotional materials) to ensure accuracy, truthfulness, and compliance.
- Ensure that all online product promotions accurately and fairly describe product risks and potential returns, meeting investor suitability and disclosure requirements.
- Functionality Compliance Review
- Work with the technology department to review and assess the compliance of the website and APP functionalities.
- Ensure that client onboarding, trading, and information inquiry processes comply with Hong Kong laws, including data security, privacy protection, anti-money laundering (AML), and counter-terrorist financing (CTF) requirements.
- Guarantee that all online platforms include clear risk disclosure and investor warning functions.
- User Interaction and Compliance Oversight
- Supervise all online interactions between the company and users to ensure compliance during customer service and communication processes.
- Ensure complaint handling, user inquiry response, and service workflows adhere to regulatory requirements and protect user interests.
- Review notifications, pop-ups, and push messages sent through the website or APP to confirm compliance.
- Compliance Updates and Optimization
- Drive regular updates and optimizations of the website and APP to reflect changes in laws, regulatory requirements, and business development.
- Conduct periodic self-assessments of online compliance operations, identify and rectify issues promptly, and ensure continuous compliance in all online financial activities.
Qualifications
- Relevant 3 years relevant experience in type 9 responsible officer for the past 6 years.
- Strong understanding of Hong Kong financial laws and regulations, especially those related to internet finance, product distribution, contract management, and financial information disclosure (e.g., Securities and Futures Ordinance , Companies Ordinance ).
- In-depth understanding of the Hong Kong financial market, including funds, insurance, and securities, and their corresponding regulatory requirements.
- Solid knowledge of contract law with proven ability in drafting, reviewing, and managing legal agreements.
- Familiarity with internet finance and fintech business models, including technology-related compliance controls, with the ability to oversee the compliance of online platforms and mobile applications.