Senior Compliance Manager (Personal Banking Compliance)

Bank of China (Hong Kong); Hong Kong; On-site; HKD 900,000 - 1,300,000; Full time

Benefits offered by this job

Competitive remuneration package

Medical and life insurance

Various allowances

Job summary

A major banking institution in Hong Kong seeks a Compliance Manager to lead the personal banking compliance advisory team. The role involves providing guidance on regulatory compliance issues, managing compliance risks, and ensuring adherence to regulatory requirements. Candidates must hold a degree in relevant fields and possess at least 8 years of experience in regulatory compliance within the banking sector. The position offers a competitive remuneration package and comprehensive benefits.

Qualifications

• Minimum 8 years' experience in regulatory compliance.
• Strong knowledge of retail banking products and relevant regulations.
• Able to work under pressure in a fast-paced environment.
• Good leadership, analytical and problem-solving skills, excellent communication in English and Chinese (Putonghua).
• High integrity, self-motivation and ability to work under pressure in a fast-paced environment.
• Proficiency in using Microsoft Office.

Responsibilities

• Manage personal banking compliance advisory team.
• Provide regulatory compliance advice to business units.
• Oversee compliance risk evaluation in product due diligence.
• Give guidance on handling conduct-related incidents to ensure timely regulator reporting and monitor rectification measures.
• Manage regulator enquiries and reporting in relation to compliance matters; coordinate with regulators and internal stakeholders.
• Prepare compliance reports to senior management and relevant committees on key issues.
• Keep abreast of legal and regulatory developments, guide gap analysis and provide compliance advice on progress.
• Supervise and coach team members to build a high-performing compliance function.

Skills

Leadership

Analytical skills

Problem-solving skills

Communication in English

Communication in Chinese

Proficiency in Microsoft Office

Education

Degree in Law, Banking and Finance, Accounting

Tools

Microsoft Office

Job description

Responsibilities

• Lead and manage the personal banking compliance advisory team to provide pragmatic advice to business units (including retail banking) regarding regulatory compliance issues on general banking products/ services (including deposits, loans, credit cards, fintech projects);
• Oversee and assist business units in evaluating the compliance risk in product due diligence, and business initiatives;
• Support the establishment, implementation and update of compliance policies, procedures and provide trainings across business and operation teams to ensure compliance with the regulatory requirements;
• Give guidance to the business units on the handling of conduct-related incidents to ensure timely reporting to regulators and monitor the implementation of the rectification measures;
• Manage regulator enquiries and request and necessary reporting in relation to compliance related matters; coordinate with regulators and internal stakeholders as necessary;
• Prepare compliance reports to senior management and the relevant committees on the key compliance issues;
• Keep abreast of the latest development of legal and regulatory requirements, guide the business units to conduct gap analysis and provide compliance advice as necessary, monitoring the implementation progress;
• Supervise and coach team members to build a strong, high-performing compliance function aligned with the bank’s compliance culture.

Requirements

• Degree holder or above in Law, Banking and Finance, Accounting or related disciplines;
• At least 8 years' relevant experience in regulatory compliance and control experience in banking, financial sectors or regulatory bodies;
• Sound knowledge in retail banking products and related regulatory requirements (including Code of Banking Practice, the Personal Data (Privacy) Ordinance, HKMA relevant SPMs, the Deposit Protection Scheme Representation Rules and other relevant regulatory requirements in the area of retail banking) and the market practice;
• Good leadership, analytical and problem-solving skills, excellent communication skills in both English and Chinese (including Putonghua);
• High integrity, self-motivation and ability to work under with pressure in a fast-paced environment;
• Proficiency in using Microsoft office.

We offer competitive remuneration package and comprehensive fringe benefits including medical and life insurance, and different types of allowances to the right candidates. Interested parties, please submit your application online. For details, please visit our website http://www.bochk.com. Data collected would be used for recruitment purposes only. Applicants who do not hear from us within 8 weeks may consider their application unsuccessful and their data will be destroyed within 12 months of receipt.