Head of Compliance (Private Bank)
Hays
Hong Kong
Full time
Permanent
On-site
Competitive
About the job
Your new company
A leading international Private Bank with an established presence in Asia is seeking a Head of Compliance to lead the Hong Kong Compliance function. This is a critical leadership role responsible for overseeing Regulatory Compliance and Financial Crime Compliance matters while serving as the designated MLRO for the business.
Your new role
What you'll need to succeed
What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or contact Rowina Lo at [email protected] for a confidential discussion. If this job isn't quite right for you, but you are looking for a new position within Risk or Compliance, please contact us for a confidential discussion on your career.
A leading international Private Bank with an established presence in Asia is seeking a Head of Compliance to lead the Hong Kong Compliance function. This is a critical leadership role responsible for overseeing Regulatory Compliance and Financial Crime Compliance matters while serving as the designated MLRO for the business.
Your new role
- Act as Head of Compliance and MLRO for the Hong Kong business.
- Lead the Regulatory Compliance framework and provide compliance advisory support to Private Banking and Wealth Management businesses.
- Advise senior management on regulatory developments and their impact on the business.
- Maintain effective relationships with regulators, including the HKMA and SFC.
- Oversee AML/CFT, sanctions, anti-bribery and corruption, conduct risk and financial crime compliance programmes.
- Ensure compliance policies, procedures and controls remain effective and aligned with applicable regulatory requirements.
- Provide guidance on investment products, discretionary portfolio management, suitability, cross-border activities and client-related regulatory matters.
- Drive regulatory change initiatives and implementation of new regulations.
- Oversee compliance monitoring, surveillance, risk assessments and issue remediation activities.
- Support regulatory examinations, audits and internal reviews.
- Provide compliance training and foster a strong compliance culture across the organisation.
- Lead, mentor and develop the local compliance team while partnering with regional and global stakeholders.
What you'll need to succeed
- Bachelor's degree in Law, Accounting, Finance, Business Administration or a related discipline.
- 15+ years of Compliance experience gained within Private Banking, Wealth Management or Banking environments.
- Strong Regulatory Compliance advisory experience with sound knowledge of HKMA and SFC requirements.
- Proven experience managing AML/CFT and Financial Crime Compliance programmes.
- Previous experience acting as MLRO or deputy MLRO is highly preferred.
- Strong understanding of private banking products, discretionary portfolio management, lending and cross-border banking activities.
- Experience engaging directly with regulators and managing regulatory examinations.
- Demonstrated leadership experience with the ability to influence senior stakeholders.
- Excellent communication and stakeholder management skills.
- Fluency in English is required; Cantonese and/or Mandarin would be advantageous.
What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or contact Rowina Lo at [email protected] for a confidential discussion. If this job isn't quite right for you, but you are looking for a new position within Risk or Compliance, please contact us for a confidential discussion on your career.