Associate Director, Compliance & Risk

AIA; Hong Kong; On-site; HKD 1,500,000 - 2,600,000; Full time

Job summary

AIA is building a healthier, longer, better lives across Asia. This role contributes to customer outcomes that are reliable, thoughtful, and meaningful for customers and society, embedding a customer-first mindset by understanding needs, taking end-to-end ownership to resolve issues, and collaborating across teams to continuously enhance the customer journey.

Key responsibilities include compliance advisory across investment and regulatory areas, risk management, AML/CTF oversight, monitoring

Job description

Build a healthier and more sustainable future for everyone. At AIA, your skills, perspective and ideas can contribute to our Purpose of helping millions of people live Healthier, Longer, Better Lives. Across our diverse markets, you will take on meaningful challenges, collaborate with talented colleagues and help turn ideas into positive outcomes for our customers and communities. Join us to shape what comes next, grow through new experiences and extend your impact across Asia.

About the Role

This role contributes to the delivery of customer outcomes that are reliable, thoughtful, and create meaningful impact for customers and society. The role holder is expected to embed a customer first mindset in all decisions and actions by developing a clear understanding of customer needs, taking end to end ownership to resolve issues, and working collaboratively across teams to continuously enhance the customer journey—both directly and indirectly.

Roles and Responsibilities:

• Compliance Advisory (Investment Compliance, Regulatory Compliance and General Compliance) Advise and provide senior oversight on portfolio management, trading, investment operations, investment advisory and marketing, SFC and MPFA licensing and product matters, and corporate functions to ensure compliance with regulatory requirements and internal AIA standards and policies. Oversee and monitor/lead the monitoring of conflicts of interest, staff personal dealing, gifts and entertainment, market conduct /inside information controls, and best execution/trade allocation principles. Review and provide constructive challenge on business initiatives, process changes and key documents from compliance and risk control perspectives. Support Head of Compliance & Risk and other members of senior management with a view to supporting company’s business growth and enriching AIA’s risk-aware and compliant culture. Monitor/lead the monitoring of regulatory developments in Hong Kong and promptly report internally of implications to the company.
• Risk Management (Financial and Operational Risks) Support Head of Compliance & Risk to lead, and coordinate local risk management work including various risk assessments and risk committee’s tasks; provide second-line challenge on reports, processes and control effectiveness. Maintain/lead the monitoring of KRIs, risk reporting and management information for local and group office’s governance forums. Oversee incident / breach management including assessment, escalation, root-cause analysis, remediation tracking and evidence-based closure. Monitor/lead the monitoring of compliance and risk oversight work brought by the extensive delegated investment management functions to external fund managers. Deputise Head of Compliance & Risk for tasks in various local and group office’s governance forums.
• AML/CTF Oversight Lead and oversee various AML tasks including ad hoc and routine assessments, CDD/KYC and oversee control governance according to Hong Kong regulatory expectations and AIA standards. Support internal reporting, oversight and documentation of FCC, ACB, sanctions / screening governance and escalation protocols.
• Monitoring and Assurance Support (as an experienced contributor) Compliance Monitoring and review according to the Investment Compliance Monitoring Plan. Document review materials and assist with the reporting of results and follow-up actions. Assist with the co-ordination, communications with and responding to inquiries from / inspection or audit of regulators and internal audit team. Manage action plans and validate closure. Maintain /update local C&R policies and monitoring procedures; conduct Personal Dealing, Code of Conduct and AML awareness sessions; promote strong risk-aware culture. Practise as far as possible for streamlined and AI-enabled compliance and risk monitoring and controls with a view to achieving effective and efficient control results.

Minimum Job Requirements:

Degree in Law, Finance, Accounting, Economics, Risk or related discipline, with professional qualifications on related discipline preferred. 12+ years’ senior and hands-on experience in compliance, investment governance and controls, and/or risk management within asset management or financial services field in Hong Kong, with at least 3 years’ experience as a team lead. Experience as MIC and in dealing with board matters preferred. Strong understanding in investment management activities, processes and use of trading systems, local regulatory requirements (SFC and MPFA), associated risk management work, and conflict/ conduct oversight. Proven experience in compliance monitoring /testing, issue management (RCA and remediation), and governance reporting; able to work independently and effectively. Strong judgement, advising and liaison skills, independence and ability to provide constructive challenge/ influence to senior stakeholders. Demonstrated history of adhering to the highest ethical and professional standards. Ability for multitasking and excel in a dynamic environment under pressure. Outstanding attention to detail combined with organisational and people skills.

Others:

You are required to obtain the relevant license(s) if your job involves regulated activities Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives. You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date. "Better" starts with people who reimagine what is possible and turn ideas into meaningful action. At AIA, you will contribute in your own way, help shape outcomes that matter and collaborate with colleagues across disciplines, teams, markets and levels. We will support you to broaden your perspective, strengthen your capabilities and grow your impact. Together, we challenge assumptions, learn from one another and find better ways forward. Bring your ambition, experience and ideas to AIA, and help shape what “better” looks like. View our AIA LinkedIn page Bring your difference to AIA