Assistant Vice President

Sumitomo Mitsui Banking Corp; Hong Kong; On-site; HKD 500,000 - 900,000; Full time

Job summary

Sumitomo Mitsui Banking Corporation (SMBC) Hong Kong is seeking experienced AML/CFT compliance professionals to support the Compliance Department in Hong Kong. The role involves overseeing controls and enhancing systems to meet regulatory requirements, and advising business units on AML/CFT matters.

The ideal candidate has 4–6 years in AML/CFT within financial institutions, strong analytical skills, and fluency in English and Chinese.

Qualifications

• Degree holder or above with professional qualification in law, accounting/audit, banking or equivalent.
• Familiar with AML/CFT/Sanctions laws, regulations and control measures.
• 4–6 years’ experience in AML/CFT/Sanctions or financial crime within financial institutions.
• Familiar with banking products and related AML/CFT regulation in commercial banking.
• Strong analytical, problem-solving, and interpersonal skills; able to work under pressure.

Responsibilities

• Oversee controls per internal AML/CFT policies and procedures.
• Develop and review AML/CFT systems to meet regulatory requirements.
• Provide compliance advice to business stakeholders on AML/CFT matters.
• Monitor sanctions programs and regulatory reporting.
• Prepare reports and risk assessments for HK office.

Skills

AML/CFT knowledge

Regulatory compliance

Analytical thinking

English & Chinese fluency

Education

Bachelor's degree or above

AML/Sanctions certification

Tools

MS Office

Job description

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Sumitomo Mitsui Banking Corporation (三井住友銀行) (incorporated in Japan with limited liability) is one of the major international banks and a leading arranger of specialized financial products worldwide. The Bank's Hong Kong Branch is now seeking high calibre individuals with long-term career objectives to apply for the following position:

Compliance Department Hong Kong - AML

Job Duties & Responsibilities:

• Assist Compliance Management / Supervisors to oversee various controls measures outlined in SMBC's internal policies and procedures;
• Assist to develop and/or continuously review the Anti-Money Laundering(“AML”) / Counter-Financing of Terrorism(“CFT”) systems to ensure that they remain up-to-date and meet with current statutory and regulatory requirements;
• Review and provide compliance advice to business stakeholders and key control functions on day-to-day compliance matters related to AML/CFT and Sanctions, including but not limited to high-risk or suspicious transaction / alert review, enquires / risk assessment and advice on matters related to transaction filtering(“TF”), transaction monitoring(“TM”) or sanctions compliance;
• Maintain and update the AML/CFT/Sanctions related policies and procedures in accordance with Head / Regional office guidelines and industry guidance;
• Assist or support Compliance management / supervisors in monitoring and detecting any business relationships or transactions suspected of money laundering, and prepare suspicious transaction reports or other filings as necessary;
• Review all internal disclosures and exception reports and all available relevant information to determine whether or not it is necessary to make a report to the respective authorities;
• Perform testing and monitoring over the AML/CFT/Sanctions related controls, processes or systems; handle regulatory reporting and initiatives in relation to matters or systems of AML/CFT/Sanctions;
• Prepare reports, plan and perform gap analysis and/or risk assessment in accordance with the requirements set out by Head / Regional or Hong Kong office;
• Promote anti-money laundering / sanctions and related policies and controls in the Hong Kong office and provide regular trainings on AML/CFT/Sanctions to employees;
• Monitor the implementation of Sanctions programs and related systems in meeting with the relevant regulatory requirements and the remediation for exceptional cases;
• Perform ad hoc duties, projects or initiatives as assigned by Compliance management / supervisors.

Requirements:

• Degree holder or above, with professional qualification in law, accountancy/audit, banking or equivalent, Certificated AML or Sanctions Professional (e.g., AAMLCP, CAMLP, CAMS);
• Familiar with AML/CFT/Sanctions Laws, regulations and control measures;
• Minimum 4-6 years’ experience in AML/CFT/Sanctions/Financial crime or related compliance in financial institutions, or relevant experiences gained in investigation / financial crime risk management function of law enforcement agencies or regulators.
• Familiar with banking products and regulatory requirements in relation to AML/CFT/Sanctions and related control measures, preferably in commercial / corporate banking;
• Self-motivated, able to work independently with minimum supervision, good analytical mind / problem solving skills, good interpersonal skills, a team player and able to work under pressure with tight deadlines;
• Good command of written and spoken English and Chinese;
• Good PC skills and proficient in using MS Offices, relevant experiences in handling / analyzing AML related systems or tools.

SMBC is an equal opportunity employer. We are committed to fostering a diversified and inclusive workplace and removing barriers to provide equal access to employment.

Note on Mandatory Reference Check ("MRC") Scheme:

The MRC Scheme seeks to address the "rolling bad apples" phenomenon in the banking sector in Hong Kong, i.e. situations where individuals who engage in misconduct during their employment in one institution are able to obtain subsequent employment in another institution without disclosing their misconduct to the new employer. Against this background, the HKMA proposed a framework to facilitate Authorized Institutions("AIs") to bilaterally obtain reference information during their recruitment process for certain positions, such that misconduct information in an individual's previous employments can be provided to AIs to inform their employment decisions.

For in-scope positions, satisfactory completion of MRC process is pivotal for the consideration of employment decision. For details, you may visit HKMA's website and refer to the latest FAQs issued by HKAB . Further details will be shared on request if your application is being proceeded.

Application details will be used only for recruitment purposes, and will be destroyed after 1 year. Applicants not contacted after 6 weeks may consider their applications unsuccessful.

Job Function: Compliance Department Hong Kong - AML

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