Compliance Specialist

Octopus Holdings Limited; Hong Kong; On-site; HKD 420,000 - 660,000; Full time

Job summary

Octopus Holdings Limited is seeking a compliance professional to bolster the financial crime program in Hong Kong. The role focuses on AML/CTF compliance, risk management, and supervising junior staff while delivering accurate regulatory reporting.

You will review transactions, act as maker/checker for risk reviews, and assist in refining standard procedures and workflows to align with HKMA guidance and internal risk appetite.

Qualifications

• University degree in accounting, business, economics, law or related field.
• Good understanding of HKMA AML Guidelines, Payment Systems and Stored Value Facilities Ordinance.
• Around 3 years’ experience in financial services with compliance/risk focus.
• Experience in AML compliance or regulatory fields is an advantage.
• Self-starter with professional integrity and strong analytical skills.
• Proficient in MS Office; Excel functions such as PivotTable and VLOOKUP are a plus.
• Strong communication skills in English and Chinese, written and spoken.

Responsibilities

• Assist to manage the financial crime risk program and ensure AML/CTF compliance.
• Act as second line of defence to support risk management and regulatory requirements.
• Play maker/checker role on transaction monitoring and fraud risk reviews for Octopus wallet and merchants.
• Prepare management or regulatory MI and improve procedures, workflows and systems.
• Supervise and guide junior staff; perform other ad-hoc tasks as assigned.

Skills

Analytical skills

Communication skills

Attention to detail

Fast learner

Independent / self-starter

Bilingual (English/Chinese)

Education

University degree in Accounting, Business Administration, Economics, Law, Mathematics, Statistics, Information Technology or related discipline

Tools

MS Access

Excel

Word

PowerPoint

Job description

Job Responsibilities:

A. Ethical and Legal Requirements

• Familiarize with all applicable laws and regulations, risk and compliance related policies and procedures.
• Demonstrate commitment to legal and ethical behavior by ensuring risk management and compliance practices are in compliance with applicable requirements (and guidance) of the legal systems, HKMA, internal and external auditors and other regulators etc.
• Ensure all responsible areas are in compliance with ethical and legal standards.

B. Assist the Department Head / Immediate Supervisor to manage Financial Crime Risk related matters

• Effectively discharge the responsibility of being the Second Line of Defence (SLOD) function to maintain a financial crime compliance framework, covering anti-money laundering and counter-terrorist financing (AML/CTF), other relevant regulators and aligned to regulatory requirements and company’s risk appetite.
• Act as a checker /maker role on ongoing Transaction Monitoring and Fraud Risk management review for Octopus wallet and merchant customers on selected cases according to the established procedures.
• Perform as maker / checker role to prepare the MIs for management or regulatory reporting.
• Assist manager to review, improve and execute the standard procedures, process workflow and systems, where necessary.

C. Others

• Supervise and provide guidance to junior staff to ensure the quality of compliance review.
• Assist manager to review, improve and execute the standard procedures, process workflow and systems, where necessary.
• Perform any other ad-hoc tasks as assigned.

Job Requirements:

• University Degree, major in Accounting, Business Administration, Economics, Law, Mathematics, Statistics, Information Technology or related discipline is an advantage.
• Candidates with good understanding of HKMA AML Guidelines, Payment Systems and Stored Value Facilities Ordinance.
• Around 3 years’ relevant experience from the financial services industry with sound Financial Crime Compliance, investigation and/or risk management experience.
• Candidates with working experience in AML Compliance and /or regulatory fields will be advantage.
• Self-starter, highly independent with professional integrity.
• Proficient in MS Access, Excel, Word and Powerpoint.
• Hands-on experience in Excel functions e.g. Pivot-table, V-LOOKUP, etc. is a plus.
• Strong analytical and communication skills.
• Good command of written and spoken English and Chinese.
• Fast learner and maintain quality of work with tight schedule.
• Attentive to details and sensitive to numbers with strong analytical skills.
• Good communication and interpersonal skills for collaborating with internal and external parties.
• Proactive with can-do attitude.
• Candidates with lesser experience will also be considered for Analyst position.

Octopus is an equal opportunity employer and all employment decisions and Human Resources policies are administered; especially those relating to recruitment & selection, compensation & benefits, promotion & transfer, training & development and termination & redundancy; without discrimination on the basis of age, race, colour, religion, sex, national origin, marital status, pregnancy, physical and mental disability and family status but on genuine occupational qualification, job performance, employees’ ability and internal/ external relativities.

The personal data collected will be used for recruitment purposes only. If you are not contacted by us within six weeks, you may consider your application unsuccessful. Personal data with an unsuccessful applicant will be destroyed 12 months after rejection of the application. During this retention period, you have the right to request for correction or destruction of personal data at any time. Any request for the correction or destruction of personal data should be addressed in writing to our Human Resources & Administration Department.