Our client, a reputable global bank with a strong international presence, is seeking an experienced Assistant Vice President to join its Hong Kong Compliance Department, focusing on Anti-Money Laundering (AML), Counter-Financing of Terrorism (CFT), and Sanctions compliance. This is an excellent opportunity for an AML specialist looking to take on a broader regional/regulatory role within a stable and well-established financial institution.
Key Responsibilities
- Support Compliance Management in overseeing internal control measures in accordance with AML/CFT/Sanctions policies and procedures.
- Assist in developing and reviewing AML/CFT systems to ensure alignment with up-to-date regulatory and statutory requirements.
- Monitor the effectiveness of AML/CFT/Sanctions systems and recommend enhancements where necessary.
- Provide day-to-day AML/CFT/Sanctions compliance advice to business teams and key control functions, including high‑risk customer reviews, enquiries handling, CDD requirements, PEP/adverse news assessments, and risk assessments.
- Maintain and update AML/CFT/Sanctions policies and procedures in line with head office/regional guidelines and local regulatory requirements.
- Assist in transaction monitoring, investigations, and preparation of suspicious transaction reports (STRs) or other compliance filings.
- Support the preparation of Institutional Risk Assessments and conduct testing and monitoring related to AML/CFT/Sanctions controls and systems.
- Handle AML/CFT/Sanctions-related regulatory reporting and submissions.
- Review internal disclosures and exceptions to determine whether escalation to authorities is required.
- Prepare reports, conduct independent reviews, gap analyses, and risk assessments as required by regional or local office.
- Deliver AML/CFT/Sanctions training to staff and promote strong compliance awareness across the organization.
- Oversee the implementation and remediation of Know-Your-Customer (KYC) and Customer Due Diligence (CDD) programs
- Perform ad hoc tasks, projects, and initiatives as assigned by Compliance Management or Branch Management.
Requirements
- Degree holder in Law, Accounting, Audit, Banking, or related fields; AML/Sanctions professional certifications (e.g., AAMLCP, CAMLP, CAMS) are highly preferred.
- Strong understanding of AML/CFT/Sanctions laws, regulatory guidelines, and control measures.
- 5-8 years' relevant experience in AML/CFT/Sanctions compliance, financial crime risk management, or investigations within banks, regulators, or law enforcement agencies.
- Candidates with less experience may be considered for Manager/Senior Officer level.
- Familiarity with banking products and AML/CFT/Sanctions regulations, preferably within commercial or corporate banking.
- Strong analytical, problem‑solving, and interpersonal skills; able to work independently under pressure and tight deadlines.
- Excellent communication skills in English and Chinese.
- Proficient in MS Office; experience with AML monitoring systems and tools is an advantage.
