Compliance Officer / MLRO - HK

PingPong Payments; Hong Kong; On-site; HKD 900,000 - 1,500,000; Full time

Job summary

PingPong Payments in Hong Kong seeks an experienced Compliance Officer / MLRO to oversee the regulatory framework under the SFO/SFC for Type 1, 3, 4 and 9 businesses. The role includes governance of AML/CTF, KYC/CDD, and regulatory reporting.

The successful candidate will lead regulatory inspections, coordinate with the SFC and JFIU, and advise senior management on product structuring, marketing materials, and onboarding.

Qualifications

• Minimum 6-8 years of compliance experience within the SFC financial services sector in Hong Kong.
• Proven expertise in SFC regulations, with track record across asset management (Type 9), brokerage (Type 1), and forex trading/margin monitoring (Type 3).
• Exceptional communication skills in English, Cantonese, and Mandarin; strong stakeholder management across senior management.

Responsibilities

• Act as the contact point for the Compliance function and own regulatory operations.
• Liaise with SFC and JFIU; coordinate regulatory inspections, audits, and information requests.
• Develop, implement, and update compliance manuals, internal controls, AML/CTF systems, and KYC/CDD processes.

Skills

Regulatory compliance

Stakeholder management

Regulatory reporting

Analytical mind

Multilingual communication

Education

Bachelor's degree in Law/Finance/Accounting

Professional compliance certifications

Job description

Position Purpose

The Compliance Officer / MLRO will serve as the designated Compliance core function under the SFC’s regime. The role will be responsible for overseeing the firm’s regulatory compliance framework, managing operational and legal risks, and ensuring strict adherence to the Securities and Futures Ordinance (SFO) and SFC guidelines across our Type 1, Type 3, Type 4, and Type 9 businesses.

Key Responsibilities

Regulatory Leadership Accountability

• Act as the contact point for the Compliance function, bearing accountability for the firm's compliance operations.
• Serve as the primary liaison and point of contact between the firm and regulatory bodies, including the SFC and Joint Financial Intelligence Unit (JFIU).
• Along with the Head of Compliance, lead and coordinate regulatory inspections, audits, and information requests, ensuring timely and transparent reporting.

Compliance Framework & Policies

• Develop, implement, and continuously update the firm’s compliance manuals, internal control systems, and operational procedures to match Type 1, 3, 4, and 9 requirements, and to ensure full alignment with the latest SFC rules and local statutory requirements.
• Oversee the firm’s Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) systems, serving as or working closely with the Money Laundering Reporting Officer (MLRO).
• Oversee the end-to-end KYC/CDD process for high-net-worth individuals and complex corporate structures (e.g., offshore funds, trusts). Provide compliance sign-off and risk-rating assessments on new client accounts.
• Conduct compliance reviews and desk reviews on asset management portfolios (Type 9), brokerage operations (Type 1), and leveraged forex margins/liquidity requirements (Type 3).
• Assist in Virtual Asset Dealing and other crypto-related initiatives, policies, and controls

Licensing, Advisory & Reporting

• Manage corporate and individual SFC licensing matters, including CPT hours tracking, notifications, and annual returns for licensed representatives and Responsible Officers (ROs).
• Provide regulatory advice to senior management regarding product structuring, fund launches, marketing materials, and client onboarding/suitability.

Requirements & Qualifications

• Minimum of 6-8 years of compliance experience within the SFC financial services sector in Hong Kong, (candidate with at least 3 years in a senior managerial capacity will be appointed with more senior role)
• Proven expertise in SFC regulations, and clear regulatory track record with strong operational knowledge spanning asset management (Type 9), brokerage (Type 1), and forex trading/margin monitoring (Type 3).
• Bachelor’s degree in Law, Finance, Accounting, or a related discipline. Professional compliance certifications are highly preferred. Knowledge and experience on virtual asset dealing (ie, stablecoins) is a plus
• Exceptional communication skills in English, Cantonese, and Mandarin. Strong analytical mind with the ability to balance business enablement with regulatory discipline.
• Strong stakeholder management skills across business, operations, legal, risk, and senior management. Practical, hands-on, and solutions-oriented mindset.
• Exposure to cross-border payments or payment institution frameworks would be advantageous