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

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

Job summary

Bank of China in Hong Kong is seeking an experienced AML Compliance professional to lead first-line defense activities for private banking. You will monitor transactional activity, review KYC files, and work with second line to implement regulatory requirements.

Strong English and Chinese skills are essential, as is prior HK regulatory knowledge. The role requires 6+ years in banking/finance with AML experience, and the ability to train staff and lead a team.

Qualifications

• 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.
• Proficient in written, spoken English AND Chinese.
• Familiar with HKMA/SFC regulatory requirements.
• Sound judgement on business practices, and strong compliance reflex.

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

Skills

AML Compliance

Private Banking

KYC Review

Regulatory Reporting

Education

Degree or above

Job description

• Conduct AML
• Degree or above
• Investigate unusual client’s activities

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.