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 Compliance in Monitoring and Testing – Private Banking 

This is a team member role of the Compliance Monitoring & Testing team in HongKong, reporting to Head of Compliance Monitoring & Testing. The candidate will handle the day-to-day spectrum of compliance assurance activities for Hong Kong branch, to ensure that business operations adhere to requirements of the Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC) and the Swiss Financial Market Supervisory Authority (FINMA), and all relevant compliance-related laws and regulations, as well as internal compliance policies and procedures. This candidate will assist in implementing an effective control program through on going review process, monitoring and surveillance, investigation and reporting. 

•  Assist Head of Compliance Monitoring & Testing Hong Kong in the prime responsibility to comply with all relevant policies and procedures, from group guidance and local regulatory perspective to ensure the local office has effective control framework with ongoing review and testing programs in place;
• Identify and rectify internal breaches/control weakness through ongoing review/monitoring of the control frame work from group and local regulatory requirement perspective;
• Conduct regular reviews and surveillance on Compliance and controls framework, which cover the following and not limited to - investment selling practice (suitability), product due diligence, AML/FCT, tax compliance, ad-hoc thematic reviews;
• Prepare documentation to report and escalate any issues and exceptions for managerial review; recommend the mitigation actions where needed;
• Capture and analyze data and identify trends in assessing regulatory compliance risks and advise stakeholders in developing effective controls;
• Involve in RegTech / system automation projects;
• Assist in the preparation and submission of compliance/regulatory reports for management, regulators, auditors etc;
• Assist in audits and inspections, and investigations where required.

• Basic bachelor degree;
• 5-7years of relevant experience in monitoring and testing, general compliance, AML/KYC or related control discipline in private banking industry in Hong Kong is preferred;
• Possess subject matter expertise with emerging technologies or programming skills such as VBA, C#, and SQL to facilitate an effective compliance risk and controls program is preferred.
• Strong data analytics skill;
• Audit FI experience also will be considered, prefer strong VBA programming. 
• Keen to learn and perform compliance matters;
• Good interpersonal communication and writing skills;
•  Able to identify control weakness, and provide recommendation for business action;
• Motivated and self-driven; able to handle issues and resolve challenges in collaboration with different stakeholders;
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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.