Head of AML, Private Banking

Key Responsibilities

• Lead and oversee the AML compliance program for the Private Banking division, ensuring adherence to local and international regulations.
• Develop and implement AML policies and procedures tailored to private banking services, aligning with best practices and regulatory expectations.
• Engage with regulators and industry bodies, representing the firm on AML matters and maintaining a strong reputation within the industry.
• Conduct risk assessments and monitor AML compliance across private banking operations, identifying areas for improvement.
• Provide expert guidance to senior management and front-office teams on AML issues, including customer due diligence and transaction monitoring.
• Foster a culture of compliance by delivering ongoing training and awareness programs for staff at all levels.
• Collaborate with internal stakeholders, including Legal, Risk, and Operations, to ensure a unified approach to AML risk management.
• Stay abreast of emerging AML trends, regulatory changes, and best practices in the private banking sector.

Qualifications

• Bachelors degree in Finance, Law, Business Administration, or a related field; advanced degree or professional certification (e.g., CAMS, CPA) preferred.
• Minimum of 10 years of experience in AML compliance, with a strong focus on private banking or wealth management.
• Extensive knowledge of AML regulations in Hong Kong Market
• Proven track record of successful engagement with regulators and industry stakeholders.
• Exceptional analytical skills and the ability to navigate complex regulatory environments.
• Excellent communication and interpersonal skills, with the ability to influence and collaborate across diverse teams.
• Strong leadership capabilities and experience in managing high-performing compliance teams.