Manager / Senior Manager / Assistant Vice President, AML Control (Wholesale Banking Group)

Mandatory Reference Checking Scheme (“MRC”) for Hong Kong

The Mandatory Reference Checking Scheme is a framework to facilitate Authorized Institutions (“AIs”) to bilaterally obtain reference information during their recruitment process for certain positions, such that misconduct information in an individual’s previous employments can be provided to AIs to inform their employment decisions.

For information related to MRC Scheme, “Frequently Asked Questions for In Scope Individuals” is published by HKAB/Industry Guidelines (https://www.hkab.org.hk/en/home) or further information will be available upon request, if it is applicable to the position(s) applied.

Country of Location:

China Hong Kong

Job Responsibilities:

• Drive for robust methodology/mechanism to enhance control & monitoring efficiency in compliance (AML/KYC) related matters to support wholesale business.
• Conduct regular/periodic review on the methodology/mechanism in compliance monitoring.
• Identify and solve problems in enhancing compliance (AML/KYC) related control & monitoring efficiency.
• Lead the CDD Quality Assurance function to ensure CDD conducted by CDD Centre or Wholesale Banking Group ("WBG") are up to the standards of the Bank and WBG.
• Constantly review compliance monitoring efficiency and make recommendations for improvement to ensure all the Bank’s/regulator’s requirements are met.
• Perform special assessment upon onboarding of new types of customers subject to higher ML/TF risk and perform additional on-going monitoring on such customers if required.
• Assist the Team Head of AML Control to prepare data for submission to HKMA/Compliance Department upon regular and ad hoc request, and to prepare management report to WBG/Compliance Department.
• Maintain WBG specific procedures to address ML/TF risks and ensure bank-wide policies and regulatory requirements are well adhered to.
• Participate in various Bank wide projects in related to compliance (AML/KYC) monitoring & control and implementation for WBG.
• Participate in various WBG initiated projects/business initiatives to ensure AML/KYC compliance and implementation for WBG.
• Participate in ad hoc projects/studies as when and required.
• Provide WBG-specific training and guidance to WBG staff in all compliance (AML/KYC) related matters to ensure WBG staff are fully aware of statutory or regulatory requirements.

Requirements:

• Degree holder in Business Administration or related disciplines.

• Minimum 6-8 years’ relevant experience in bank with sound corporate banking knowledge.

• Possess the required qualifications of Associate AML Professional (AAMLP).

• Sound knowledge on banking operations, service requirements (e.g. AML / CTF), governance frameworks, procedures, practices, stands and applicable local and regional regulatory requirements (e.g. HKMA) to ensure quality, effective risk management and regulatory compliance.

• Good analytical skills, detail-oriented with strong business sense.

• Good command of written and spoken English and Chinese (including Putonghua).

(Candidate with less experience could be considered for Manager / Senior Manager)