Senior Manager, Business Compliance & Operation Risks (Private Banking)

Bank of China (Hong Kong) Limited; Hong Kong; On-site; HKD 900,000 - 1,400,000; Full time

Job summary

Bank of China (Hong Kong) Limited is seeking a Senior Manager, Business Compliance & Operation Risks (Private Banking) to act as the first line of defense in AML, financial crime and fraud risk monitoring. The role includes reviewing KYC profiles, conducting risk-based monitoring and coordinating with the second line to implement regulatory requirements for the private banking business.

The ideal candidate will have 6+ years in banking/finance (2+ years in private banking AML), be fluent in

Qualifications

• 6+ years of banking/finance experience, with at least 2 years in private banking AML compliance.
• Independent, excellent analytical, time management and interpersonal skills.
• Proficient in written and spoken English and Chinese.
• Familiar with HKMA/SFC regulatory requirements.
• Professional accreditation such as HKIB ECF would be an advantage.

Responsibilities

• Act as first line of defense for AML/financial crime/fraud risk monitoring and reviews.
• Review KYC profiles and account opening/review documents.
• Conduct AML/financial crime risk monitoring and transaction reviews.
• Coordinate with business and second line to implement regulatory requirements for private banking.
• Lead regular self-assessments, gap analyses and audits; propose corrective actions.

Skills

AML Compliance

Financial Crime

KYC Review

Risk Monitoring

Leadership

Regulatory Knowledge

Bilingual EN/CN

Education

Bachelor's degree

Job description

Senior Manager, Business Compliance & Operation Risks (Private Banking)

• Act as first line of defense to conduct AML/Financial Crime/ Fraud risk related transaction monitoring and business review to ensure adherence to internal/external requirements, identify possible AML/Financial Crime/ Fraud risks, prepare management report(s) and provide recommendations to mitigate relevant risks
• Review KYC profiles, account opening / review documents
• Conduct AML/Financial Crime/ Fraud risk related periodic and ad hoc monitoring/transaction review
• Work closely with business and second line of defense to implement regulatory and internal requirements on the private banking business
• Conduct regular and ad hoc self-assessment, gap analysis, survey, independent review against various AML related internal and/or regulatory requirements. Recommend follow up action to close the gaps where applicable
• Prepare regular (monthly/quarterly/annually) and ad hoc internal reporting to senior management, second line of defense
• Conduct quality assurance tasks over the relevant procedures
• Investigate unusual client’s activities
• Conduct staff training to promote compliance culture
• Work on regulatory reporting matters, internal / external review or audit including coordinate with other departments, prepare response and carry out the relevant enhancements
• Assist on other ad hoc tasks as assigned
• Lead a team to deliver the above responsibilities

Requirements

• Degree or above
• 6+ years working experience in banking and finance, at least 2 years in relevant private banking AML Compliance.
• Independent, excellent analytical, time management and interpersonal skills, with ability to prioritize tasks
• Proficient in written, spoken English AND Chinese
• Familiar with HKMA/SFC regulatory requirements
• Sound judgement on business practices, and strong compliance reflex.
• Professional Accreditation such as Enhanced Competency Framework (ECF) under the Hong Kong Institute of Bankers (HKIB) would be an advantage.