Compliance Manager (Local Regulatory Compliance Section) - Central Compliance

The Bank of East Asia (BEA); Hong Kong; On-site; HKD 800,000 - 1,200,000; Full time

Job summary

The Bank of East Asia (BEA) in Hong Kong seeks an experienced regulatory compliance professional to develop, review and update non-AML policies and procedures, and provide advisory support across wealth management, banking, securities, insurance, MPF selling, card and lending activities.

Responsibilities include risk gatekeeping, training planning, issue management, regulator inquiries, and coordinating examinations.

Qualifications

• Bachelor's degree or above in a relevant field.
• 6+ years of experience in financial services with exposure to non-AML banking, investment or insurance sales compliance, audit or risk management.
• Strong knowledge of HKMA, SFC, PCPD, IA, MPFA regulatory requirements.

Responsibilities

• Develop, review and update non-AML regulatory compliance policies and procedures.
• Advise across departments on regulatory compliance for wealth management and banking activities.
• Gatekeep non-AML regulatory risks with data-driven analysis against requirements.
• Plan and deliver compliance training for bank staff.

Skills

Regulatory compliance

Stakeholder communication

Analytical thinking

Report writing

Education

Bachelor's degree

Job description

• Develop, review, and update the Bank's regulatory compliance policies and procedures to ensure alignment with the latest regulatory requirements (non-AML topics)
• Provide advice to various departments of the Bank relating to regulatory compliance issues on wealth management and banking business, covering securities/ insurance/ MPF selling, card and lending business, deposit, channel management, etc.
• Gatekeep the (non-AML) regulatory compliance risks arising out of business operations and developments, with insightful analysis of the business data and issues against the applicable regulatory requirements and expectations.
• Plan and/ or provide compliance training to bank staff to raise staff awareness on compliance issues
• Ensure appropriate issue management including escalation and reporting of issues to the management, relevant governance committees of the Bank and regulators
• Handle regulatory compliance related enquiries from regulators
• Coordinate and handle regulator onsite/ offsite examination

Requirements

• University graduate with a minimum of 6 years' relevant experience in the financial services industry, with exposure to banking (non-AML), investment and/or insurance sales compliance, audit, or risk management
• Strong knowledge of applicable laws and regulatory requirements relating to banking (non-AML), investment and/or insurance sales, including those from HKMA, SFC, PCPD, IA, and MPFA
• Professional certifications such as Associate Compliance Professional (ACOP) or Certified Compliance Professional (CCOP - General Compliance / Investment & Insurance Compliance) are highly preferred
• Additional professional qualifications (e.g. HKIB) will be an advantage
• A proactive and independent team player with strong analytical and problem-solving capabilities
• Ability to exercise sound judgment, work under pressure, and collaborate effectively with stakeholders across business and support units
• Strong presentation, communication, and report writing skills
• Excellent command of both spoken and written English and Chinese

Personal data provided by job applicants will be used for recruitment purposes only and will be treated in accordance with the Bank's Personal Information Collection (Employees) Statement and Privacy Policy Statement. Applicants who are not invited for interviews within six weeks may consider their applications unsuccessful and the personal data collected will be destroyed after 1 year.