Job Description

Job Purpose:

Assist the Head of Compliance in:

• Managing the Branch\xe2\x80\x99s compliance function, especially private banking/wealth management compliance program/framework.
• Providing PB compliance advisory for the assigned portfolio in relation to licensing, PB/Wealth Management regulatory requirements as well as carrying out compliance monitoring and reviews to ensure compliance with all applicable laws and regulations especially (including Securities & Futures Act, Financial Advisers Act and relevant banking regulations);
• Managing AML-related projects and ensure timely implementation.

• Provide compliance advisory support in relation to PB/Wealth Management business activities to all business units and support units of the Bank.
• Provide support to business and / or supporting units of the Bank in the development, implementation and regular review of policies and procedures for their operations with due regard to all applicable regulatory requirements in PB/Wealth Management Area.
• Provide compliance advisory support to PB/Wealth Management units on AML issues.
• Assist the Head of Compliance to advise management on compliance issues and potential impact of regulatory trends and developments in designated areas, especially PB/Wealth Management Area.
• Collaborate with internal Compliance team members in performing compliance monitoring program on the Bank\'s various activities in investment compliance if necessary.
• Conduct compliance review on complaint cases and provide necessary advice in the area of designation especially PB/Wealth Management Area.
• Undertake investigations into any complaints reported or made by both internal and external customers in the area of designation especially PB/Wealth Management Area.
• Review the current compliance controls of the Bank, and identify proper actions for improvement if necessary in the area of designation especially PB/Wealth Management Area.
• Perform regular tracking on all outstanding regulatory issues or findings yet to be solved or responded.
• Assist Head of Compliance to enforce the General Compliance Manual of the Bank in the Specific Area.
• Liaise with regulators and handle the ad hoc examination, surveys and enquiries.
• Prepare operation manual for the department in the Specific Area.
• Raise and maintain compliance awareness among staff by providing them with relevant information, publications and training on compliance matters.
• Provide coaching and training to junior staff of the team or other compliance teams.
• Take up other assignments from time to time directed by the Head of Department or Branch General Manager.

• Degree holder in Banking and Finance, Accounting or related discipline.
• At least 5-10 years of compliance experience within the private banking / wealth management industry.
• Experience in review of counterparties/clients and have knowledge of PB Investment Suitability framework.
• Experience in KYC (including name screening) and transaction monitoring review requirements for Private Banking clients.
• A team player with strong communication and interpersonal skills.
• Strong analytical and problem solving skills; and meticulous.
• Self-motivated and resourceful; able to multi task and focus on delivering results.
• Professional Compliance qualifications are preferred, such as ICA, ACAMS, etc.

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