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

Bank of China (Hong Kong); Hong Kong; On-site; HKD 900,000 - 1,200,000; Full time

Benefits offered by this job

Medical insurance

Life insurance

Allowance schemes

Job summary

Bank of China (Hong Kong) is seeking a senior AML Compliance professional to act as first line of defense in private banking, monitor transactions, review KYC documents, and coordinate with second line to implement regulatory requirements.

You will lead a team, conduct self-assessments, prepare management reports, and deliver regular internal reporting while training staff to promote compliance culture.

Qualifications

• 6+ years working experience in banking and finance, with 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; HKIB ECF would be an advantage.

Responsibilities

• Act as first line of defense for AML/Financial Crime/Fraud risk transaction monitoring and reviews.
• Review KYC profiles and account opening/review documents.
• Conduct AML/Financial Crime/Fraud monitoring and transaction reviews.
• Collaborate with business and second line to implement regulatory requirements for private banking.
• Perform self-assessments, gap analyses, surveys and independent reviews of AML procedures.

Skills

Analytical skills

Time management

Interpersonal skills

English & Chinese

Education

Degree or above

Job description

• Investigate unusual client's activities
• Degree or above
• Assist on other ad hoc tasks as assigned

Responsibilities

• 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.

We offer competitive remuneration package and comprehensive fringe benefits including medical and life insurance, and different types of allowances to the right candidates.

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.