Our client is a European Private Banking to cope with the rapid business expansion, they are now inviting high caliber candidates to join the team

VP, AML Compliance  Advisory /FCC Compliance Advisory Private Bank– Private Banking Compliance

Role Overview:

This person provides support to the Hong Kong Compliance team, handling the day-to-day spectrum of compliance activities for the Hong Kong branch, to ensure that the business operations adhere to the requirements of the Hong Kong Monetary Authority, Securities and Futures Commission, the Swiss Financial Market Supervisory Authority (FINMA), and all relevant compliance-related laws and regulations, including anti-money laundering/sanctions/countering of terrorist financing/ anti-bribery and corruption laws and regulations; as well as internal compliance policies and procedures.

Responsibilities:

• Assist the Head of Financial Crime to establish, review and update the AML related guidelines, policies and procedural manuals to ensure they are in line with Group and regulatory requirements.
• Conduct name searches to assist due diligence check during client on-boarding, periodic review and event driven reviews.
• Conduct transaction reviews and compliance checks on high risk / PEP periodic review files completed by front office and trigger event driven reviews with front office on account maintenance or change in circumstances of clients.  Escalate and report issues identified from the review for management consideration.
• Monitor the status and completion of follow up actions arising from periodic reviews or other ongoing AML/CFT process.
• Review escalated alerts from ongoing automated client screening and payment filtering.  Conduct manual screening on payments where necessary to identify any sanctions related hits.
• Assist in data analytics to facilitate transaction analysis, data reporting and regular tuning of AML systems.
• Assist in improvement of AML processes by automation and adoption of Regtech.
• Assist the Head of AML / Compliance in preparing internal AML training materials.
• Prepare materials for periodic AML governance meetings.
• Perform ad hoc tasks as assigned by Head of AML/Compliance from time to time.
• Assist in audits and inspections, and investigations where required
• Involvement in special work projects as and when required
• Assist Head of Compliance, Hong Kong and the Compliance team in any other work matters.

 Competencies:

• Degree holder in Finance /related ;  
• at least 5-8 years of relevant experience in AML Compliance Advisory Private Bank and financial crime compliance  in Private Banking 
• A keen interest to learn and perform compliance matters;
• Good interactive, communication and writing skills;
• Preferably with programming and data analytics skills; able to provide alternative solutions for problem solving;
• Motivated and innovative; able to handle issues and resolve challenges in collaboration with colleagues;
• Good team player

Please send full resume with present & expected salary to expedite sourcing in MS-WORD format by clicking “APPLY NOW”

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Asia Progress is a well-established and reputable boutique talent acquisition agency specialising in the Banking & Finance industry. We firmly believed in providing exclusive and bespoke talent search to our clients and career advice to our candidates. 

Equipped with solid experience in recruiting for all levels, we have successfully developed an established and renowned practice. Our reputable network in the Banking & Finance industry is what makes us stand out from our competitors and enables us to remain competitive yet at the same time providing professional talent search and career advice.

For enquiries and contact details, please visit: www.asiaprogress.com.