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

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

Job No.: 499151
Employment Type: Full time
Departments: Private Banking
Job Functions: Quality Assurance, Risk Management

Responsibilities

• Act as first line of defense to review and advise business on control matters, conduct transaction monitoring and business review to ensure adherence to internal/external requirements, identify possible compliance/operational risks/breaches, prepare management report(s) and provide recommendations to mitigate relevant risks.
• Assess product due diligence request raised by business.
• Coordinate BCP; perform UAT for system changes.
• Implement and review the risk control mechanisms (e.g KRIs) and risk monitoring requirements on the private banking business.
• Work on regulatory survey(s); conduct annual risk and control assessment to ensure relevant risks are identified with proper control being laid down.
• Review policies & procedures, risk assessment materials submitted by various units and analyze the compliance/operation risks in new businesses/products/systems.
• Conduct trade surveillance, daily report monitoring and other regular transaction and workflow monitoring to identify possible compliance/operational risks and provide recommendations to enhance control weaknesses.
• Perform self-assessment, gap analysis against internal and/or regulatory requirements.
• Work closely with business and second line of defense to implement regulatory and internal requirements on the private banking business.
• Investigate operational risk incidents, recommend appropriate enhancements and monitor implementation status of action plan(s).
• Perform regular and ad hoc monitoring/self-assessment on relevant business activities and prepare management reports on compliance and operation risk related review results.
• Coordinate internal/external review or audit.
• Provide staff training where required.
• Assist on other ad hoc tasks as assigned.

Requirements

• Degree or above.
• At least 5 years banking experience, with Operational Risk Management experience in banking sector. Relevant private banking background is an advantage.
• Good analytical, time management and interpersonal skills, with ability to prioritize tasks.
• Proficient in written, spoken English and Chinese.
• Familiar with HKMA/SFC regulatory requirements.