Assistant General Manager, Legal & Compliance

China CITIC Bank International Limited; Hong Kong; On-site; HKD 1,800,000 - 2,400,000; Full time

Job summary

China CITIC Bank International Limited seeks an experienced legal and compliance leader for its Securities Services unit in Hong Kong. You will serve as lead adviser, acting as Manager-In-Charge for RA 13 compliance and liaising with the SFC.

Responsibilities include drafting and negotiating templates, reviews of documents, risk identification, and coordinating regulatory inspections. The role requires a law or related degree, 10–12 years of top-tier experience, and fluency in English and

Qualifications

• Degree holders in Law or related disciplines.
• Surplus years of legal/compliance advisory in financial services.
• Experience in RA13 regulatory framework is preferred.

Responsibilities

• Act as lead legal and compliance adviser for Securities Services.
• Coordinate with regulator as Manager-In-Charge for RA13.
• Review and negotiate legal agreements with counterparties.
• Identify and address legal/compliance risks for the business.
• Lead pre-deal documentation and related legal reviews.
• Monitor regulatory inspections and ensure timely submissions.

Skills

Legal advisory

Regulatory RA13

Compliance

English & Chinese

CCOP Certificate

Education

Law degree

Business Administration degree

Job description

The role provides full Legal & Compliance coverage for the Securities Services business of the Bank by providing legal and compliance support in connection with Fund Administration, Custodian and Trustee business to act as the contact person with regulator, to effectively manage the legal and regulatory risks.

Job Description

• Act as the lead legal and compliance adviser for the Securities Services business;
• Appointed as Manager-In-Charge for Compliance under SFC RA 13 and be the point of contact with the SFC regarding businesses under RA 13;
• Prepare and comment on template legal agreements to be used by business for various structures of counterparties;
• Review and comment on any legal documents in connection with the business from both legal and compliance perspective;
• Advise and assist in the negotiation of legal agreements with counterparties;
• Work closely with the Securities Services team to advise on any ad hoc legal and compliance issues;
• Effectively facilitate the pre-deal and transactional legal documentation by drafting, reviewing and negotiating relevant documentation including Non-Disclosure Agreements, Fund Administration Agreement, Custodian Agreement, Fund Trustee Agreement and any other related legal agreements;
• Work closely with Securities Services team to identifying potential areas of legal and compliance risks to enable such issues to be addressed in a timely manner to meet the business requirement by offering pragmatic solutions;
• Support the Securities Services business in performing timely legal and compliance reviews on new products/ changes/ termination of products;
• Coordinate and monitor regulatory inspections, investigations, thematic reviews, inquiries, self-assessments, surveys in relation to Securities Services matters to ensure timely submissions;
• Arrange and conduct compliance assurance review and monitoring for Securities Services business;
• Keep absteat of the regulatory developments (especially on RA13), interpret and provide advice on policies, regulatory requirements and impact, and control related processes relating to Securities Services matters;
• Collaborate with other control functions, e.g. Business Management, Operations, Technology, Risk, Finance, etc. to address compliance issues which may impact the Securities Services business;
• Promote the Bank’s Securities Services business brand by actively participating and contributing in product and industry working group calls and meetings, if any;
• Spearhead and enhance the development of legal forms, policies and procedures in relation to Securities Services transactions and business.

Skills & Requirements

• Degree holder in Law, Business Administration or related disciplines
• 10 - 12 years’ solid experience in a leading law firm or relevant in-house legal/compliance advisory
• Minimum 5 years' post-qualification experience with experience in working in the region is preferred (with a preference for qualification from New York, England & Wales, Hong Kong or Singapore)
• Solid financial services and/or funds experience in a top tier law firm and/or financial institution
• Holder of Certified Compliance Professional (CCOP) Certificate under the HKMA ECF on Compliance is preferred
• Good command of written and spoken English and Chinese (including Putonghua)

For more details about career opportunities with the Bank, please visit our website http://www.cncbinternational.com/careers/en/index.jsp.

Personal data collected will be used for recruitment related purposes only. Applicants not invited for interview within 6 weeks may consider their applications unsuccessful. However, applicants may be considered for other suitable positions within the Group for a period of not more than 2 years. Personal data will be destroyed at any time after 3 months.

China CITIC Bank International is committed to being an equal opportunities employer and intends to provide a work environment free of unlawful discrimination or harassment. All employment decisions will be made in a non-discriminatory manner.