Business Risk & First Line Controls Executive Director, Private Bank

Projob21.com Ltd.; Hong Kong; On-site; HKD 2,500,000 - 6,000,000; Full time

Benefits offered by this job

Healthy Work-life

International exposure

Job summary

Projob21.com Ltd. is seeking a Senior Leader, Executive Director to manage Business Risk & First Line Controls in a private banking context in Hong Kong.

You will oversee AML/KYC, client onboarding, and front-office risk controls across the region, reporting to the North Asia Head of Business Risk. You will lead a team of six, set governance standards, and collaborate with front-office teams to ensure regulatory compliance with HKMA and SFC requirements in an international private bank

Qualifications

• Minimum 15+ years in financial crime prevention, AML, or front office risk oversight in international private banks.
• Strong leadership with ability to advise, consult and implement risk controls.
• Fluent in English and Chinese; Cantonese/Mandarin preferred.

Responsibilities

• Lead a team of 6 in 1st line risk control for HKMA/SFC-regulated private wealth.
• Advise front-office on AML/KYC, SOW, product governance and regulatory matters.
• Design, refine and monitor risk frameworks for financial crime and regulatory compliance.
• Oversee audits/remediation and executive reporting of risk issues and gaps.

Skills

Team Leadership

AML/KYC Expertise

Regulatory Knowledge

Front Office Liaison

Governance & Compliance

Education

University degree

CAMS/AML credentials

Job description

Business Risk & First Line Controls Executive Director, Private Bank

Attraction:

• Leadership Role: AML/KYC/Biz Risk, Private Bank
• Rewarding Front Office Management Exposure
• Job Security, Int’l Professional Culture

Tasked with the mission:

Managing a team of 6, you will oversee client lifecycle activities (onboarding, periodic reviews, trigger events) as well as front-office risk controls (investor suitability, sales conduct, and product governance).

Our Client

On behalf of the most respectable Global Private Bank & Asset Management group with AUM USD 900bn hiring 450 professionals+ in APAC to search for Senior Leader, Executive Director to take charge of the Private Wealth Management division's Business Risk & First Line Controls

Job Duties

Core Responsibilities

• Team Leadership: 1st Line control environment for the HKMA and SFC regulated private wealth arm.
• Advisory & Governance: Key liaison point with front-office teams on AML and general compliance matters. Represent the unit in regional and global governance committees.
• Risk Frameworks: Design and refine risk management practices covering both financial crime, KYC/Client On-Boarding, regulatory risks aspects to ensure daily business activities fulfil regulatory requirement.
• Audit & Remediation: Guide the team through internal audits and regulatory reviews, managing remediation actions to completion.
• New Product Review: Evaluate new product and service proposals (NPS) to ensure risk and control requirements are met prior to rollout.
• Executive Reporting: Keep senior management and global risk leadership informed on emerging risks, control gaps, and team deliverables.
• Candidate Requirements

Requirements

• Experience: At least 15 years+ steady track record in financial crime prevention, AML, business risk oversight or front office business management with international private banks. Familiar with HKMA regulatory requirements.
• Education: University degree required. Professional CAMS/AML credentials (such as CAMS) are a definite advantage.
• Skills: Strong Leadership competency to advise, consult and resolve any business risk and provide practical solutions to cater for the regulatory and corporate governance requirements
• Languages: Fluent in English and Chinese (Cantonese and/or Mandarin), both written and spoken.

Highly-visible Front Office Advisory Opportunity

H ealthy Work-life & Friendly Int’l Private Banks

SOW/CDD/AML, Biz Risk and Mgmt

Why Choose This Opportunity?

Core Advisory Mandate:

As part of the Front Office 1.5LOD , partnering with ~10 private bankers & senior management of ED/MD levels; directly advising business from client on-boarding, CDD, business risk, daily licensed activities, resolving any incidents/ approving any exceptions

Pure-Play Focus:

Deliver impact within an institution exclusively dedicated to continuous growth and long term direction of the Greater China Wealth Management Business

End-to-End Oversight:

Shape front-to-bac k risk controls—covering everything from client onboarding and financial crime prevention to trade suitability and regional cross-border rules.

Job Duties

Primary Accountabilities:

• First-Line Oversight: Drive robust supervisory standards across front-office activities, keeping day-to-day business aligned with internal governance and regulatory expectations.
• Front-Line Advisory: Serve as the first point of contact for private bankers on business/account pipeline review, operational, policy, and compliance matters (e.g., AML/KYC/SOW adjustments, product suitability, and cross-border engagement).
• Process Refinement: Work hand-in-hand with relationship managers, legal counsel, compliance leads, and operational teams to streamline business flows while maintaining strict risk boundaries.
• Solid AML/KYC/SOW experience with Private Banks
• Friendly & Supportive International Culture
• Healthy Worklife with Excellent Exposure

Job Duties

• Responsible for KYC and Client Due Diligence for low to high risk HNW Private Clients
• Conduct PEP, Sanctions and AML review to ensure compliance with HKMA regulatory requirement and corporate governance
• Serve as the subject matter expert to advise and review KYC/Client Life Cycle requirements for the Front Office
• Healthy Work life Balance & Job Security

Job Duties

• Report to the North Asia Head of Business Risk
• Accountable for conducting regulatory & thematic business risk assessment including product suitability, cross border, pricing, selling process, transaction review by collaborating with the front office, investment, compliance and audit teams across the region
• Responsible for voice log review and transaction monitoring to ensure the fulfilment of HKMA/SFC regulatory requirements
• Internal Surveillance & Regional Project

Job Duties

• Tasked with the mission to protect the bank from internal fraud and critical data breaches
• Accountable for monitoring the email communications and attachments
• Facilitate related investigation by working closely with internal/external stakeholders across compliance and audit teams