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Regulatory Compliance Manager (Compliance Assurance) (Virtual Bank)

Welab Bank Limited

  • Company Industries:Financial Services

Job Information

  • Post Date:2022-05-23
  • Location:Quarry Bay
  • Employment Type:Full Time, Permanent
  • Job Function:Banking / Finance  Retail Banking  Professional Services  Legal & Compliance
  • Benefits:Medical insurance, Performance bonus, Five-day work week

Job Description

WeLab is a leading fintech company in Asia,  which operates one of first licensed digital banks in Asia – WeLab Bank, as well as multiple leading online financial services businesses including WeLend and WeLab Bank in Hong Kong, WeLab Digital (我来数科), Taoxinji (淘新机), Wallet Gugu (钱夹谷谷) and Tianmian Tech (天冕科技) in Mainland China and Maucash in Indonesia. WeLab aims to bring joy to everyone’s financial journey. We strive to improve people’s lives by reinventing financial services through game-changing technology. We put our people first, whether it’s our customers or our employees.

As the only homegrown Hong Kong fintech to receive a virtual banking license, we aim to reinvent and redefine the banking experience by building a bank we love.

We are an energetic and passionate team that can deliver and execute. We are looking for other intellectually curious, open-minded and smart-working individuals who are just as passionate as we are about making financial services enjoyable. Now you have the opportunity to join us on our journey to achieve our vision and be part of building a better financial future for everyone.

About you:

  • You're a go-getter with mad juggling skills (or multiple hats) who can thrive in a fast-paced, agile environment
  • You have a strong thirst for knowledge and are driven to find solutions that don't exist yet
  • You are comfortable with ambiguity and extremely resourceful (in your past life you could've been a detective)
  • You always find a way to get things done without sacrificing the quality of your work, integrity and values. No task is off limits for you.
  • You are humble and prioritize the success of the team over your own with an eagerness to help those around you
  • You don't shy away from challenges and have the ability to bounce back from setbacks

What you’ll do and what success looks like in this role 

  • Assist the Head of Regulatory Compliance in managing all compliance assurance matters
  • Assist the Head of Regulatory Compliance in setting and implementing compliance related policies and procedures
  • Assist the Head of Regulatory Compliance in preparing and implementing annual compliance plan, building and updating regulatory inventory in light of new regulatory changes, assessing regulatory development and its impacts on businesses
  • Formulate and review policies and procedures including compliance manual to ensure compliance with all relevant laws, regulations and group policies
  • Perform compliance risk assessment and monitoring works
  • Engage and maintain strong relationship with regulatory authorities and handle all related enquiries (including regulatory inspections and audits)
  • Design, develop and implement compliance training and promote compliance culture

What is required and what we’re looking for 

  • Degree holder in Law, Accountancy or equivalent disciplines
  • Sound knowledge of HKMA/SFC regulations
  • Minimum 6 years of compliance assurance experience in retail banks or professional firms
  • Able to work in a fast-paced environment and to prioritise and deliver high quality work
  • Independent with a strategic mindset, open to tackling new issues and sounding out new ideas
  • A good team player with excellent communication skills
  • Excellent verbal and written English and Chinese
  • Candidates with more experience can be considered for a more senior role

WeLab perks:

  • Competitive salary
  • Learning and development stipend, because we value lifelong learning and believe the best way to invest in our employees is to encourage them to continue to learn
  • Work hard and laugh lots (chicken wings and french toast, etc.) with a high-performing, fun and diverse team
  • Happiness Dollars for spending on anything that makes you happy
  • Coffee stipend
  • Conveniently located office surrounded by diverse and delicious lunch options
  • Lively office with gaming consoles and a ping pong table
  • Fun extracurricular activities with your colleagues like hiking, yoga, badminton, wine tasting, dragon boat racing, rock climbing, etc.
  • Employee referral bonuses

 Awards & recognition:

  • Financial Times (FT) 2020 Asia-Pacific High-Growth Companies – #2 ranked company
  • 2020 CNBC Disruptor 50 List – #11, only company included from Hong Kong and just one of five from Asia

We offer competitive salary package to the successful candidate.  If you are interested in joining this exciting team, please apply with resume via the "Apply" button.

All information provided by applicants will be used for recruitment purposes only. Information of unsuccessful applicants will be destroyed within 24 months of receipt.

Company Info

WeLab is a leading fintech company in Asia with one of the first virtual banks established in Hong Kong. WeLab provides financial services by creating seamless digital experiences to over 36 million customers across Hong Kong, Mainland China, and Indonesia.

Using its proprietary risk management technology and advanced AI capabilities, WeLab effectively analyzes unstructured mobile big data within seconds to provide innovative financial services and offer consumer financing solutions for individual customers. The company also offers B2B enterprise solutions by partnering with traditional financial institutions, which utilize WeLab’s technology to offer fintech-enabled services to their customers. WeLab operates WeLend and WeLab Bank in Hong Kong, Wallet Gugu (钱夹谷谷) and Tianmian Tech (天冕科技) in Mainland China and Maucash in Indonesia. 

WeLab’s investors include Malaysian sovereign wealth fund Khazanah Nasional Berhad, CK Hutchison’s TOM Group, International Finance Corporation (a member of the World Bank Group), Alibaba Entrepreneurs Fund, Sequoia Capital and ING Bank.

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