Financial Crime Compliance AVP & VP - Australian Investment Bank

  • Approx - AVP $500-800k (PA) / VP $900k - 1.3mil (PA)
  • Hong Kong
  • Permanent, Full time
  • Arion House
  • 15 Nov 18

As a Financial Crime Compliance Officer you will be responsible for ensuring that all business activities, transactions and processes are conducted in accordance with the legislative framework by providing advice on Anti-Money Laundering (AML), Sanctions and Anti-Bribery and Corruption (ABC) matters.

1) AVP - Financial Crime Compliance Executive

2) VP - Financial Crime Compliacne Manager

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1) AVP - Financial Crime Compliance Executive

Your reporting lines

You will report to the Head of Compliance & Regulatory Risk, Hong Kong and Head of Financial Crime Compliance (HKMLRO)

Your responsibilities

  • Advise on day-to-day AML/CTF, Sanctions and Anti-Bribery & Corruption matters affecting the Hong Kong Branch including, but not limited to, customer identification and due diligence, enhanced due diligence, risk scorecard, policy and procedures maintenance, internal and external reporting, and training.
  • Execute the Financial Crime Compliance monitoring and reporting program to agreed schedules as required under the Compliance Risk Management Framework
  • Proactively drive the identification and on-going assessment of the AML/CTF and Sanctions risks associated with Hong Kong Branch’s products and services as well as client types and geographies.
  • Ensure that Hong Kong’s wider Financial Crime Framework processes continue to provide an effective control environment that is consistent with regulatory expectations and the Group Compliance Risk Management Framework.
  • Monitor Financial Crime industry developments and maintain knowledge of new and amended laws and regulations pertaining to the business, and assist in providing advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies.
  • Maintain appropriate financial crime metrics for management information reporting.
  • Provide guidance to Hong Kong stakeholders to assist them to develop robust procedures to comply with Hong Kong regulatory obligations including AML/CTF, Sanctions, Anti-Bribery & Corruption and compliance with Group Financial Crime policies and standards.
  • Assist the MLRO with the management, reporting and resolution of suspicious transactions raised by the business.
  • Assist with the preparation of internal and external financial crime compliance reporting and ad-hoc regulatory requests.
  • Work closely with Client Onboarding team, Client Coverage, Legal and Operational risk teams and other functions within Hong Kong
  • Actively participate in the various industry and Group AML/Financial Crime forums and Working Groups.
  • Contribute to the development of AML/Financial Crime training within Hong Kong.

Your skills & experience

  • Strong technical financial crime knowledge, skills and experience, including AML/CTF, Sanctions, Anti-Bribery and Corruption, Politically Exposed Persons and regulatory requirements around Customer Due Diligence/Know your Customer.
  • Strong understanding of HKMA and SFC regulatory and legislative obligations and industry guidance pertaining to AML/CTF, Sanctions and Anti-Bribery and Corruption.
  • Financial markets product and process knowledge including Institutional Banking, Markets, and high net worth individuals.
  • 4+ years of experience in a corporate or investment banking AML/Financial Crime environment or other relevant role
  • Strong written and spoken business English skill is essential. Cantonese and/or Mandarin is desirable but not essential.
  • Proven ability to manage conflicting priorities against tight deadlines.
  • Ability to work under pressure and apply logical thinking to problem solving.
  • Team player with the ability to liaise and communicate effectively across the organisation.

Your qualifications

  • Tertiary qualification essential (e.g Degree level law, business, economics, accounting, commerce or equivalent).
  • Relevant Financial Crime professional qualifications desirable (e.g. CAMS ICA Diploma of AML, Associate AML Professional (AAMLP or equivalent).

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2) VP - Financial Crime Compliacne Manager

Your reporting lines

You will report to the Head of Compliance & Regulatory Risk, Hong Kong and Head of Financial Crime Compliance (HKMLRO)

Your responsibilities

  • Support the nominated Hong Kong Money Laundering Reporting Officer.
  • Advise on day-to-day AML/CTF, Sanctions and Anti-Bribery & Corruption matters affecting the Hong Kong Branch including, but not limited to, customer identification and due diligence, enhanced due diligence, risk scorecard, policy and procedures maintenance, internal and external reporting, and training.
  • Oversee, execute and contribute to the enhancement of the Financial Crime Compliance monitoring and reporting program to agreed schedules as required under the Compliance Risk Management Framework.
  • Proactively drive the identification and on-going assessment of the AML/CTF and Sanctions risks associated with Hong Kong Branch’s products and services as well as client types and geographies, including providing Financial Crime related input for new business, products, services or delivery channels that may involve Financial Crime risks.
  • Ensure that Hong Kong’s wider Financial Crime Framework processes continue to provide an effective control environment that is consistent with regulatory expectations and the Group Compliance Risk Management Framework.
  • Monitor Financial Crime industry developments and maintain advanced knowledge of new and amended laws and regulations pertaining to the business and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies.
  • Provide management with sufficient, frequent and objective input of the AML/CTF, Sanctions and Anti-Bribery & Corruptions risks that the Hong Kong Branch is exposed to through its activities and individual business relationships as well as the effectiveness and adequacy of controls and processes.
  • Challenge the business to ensure Financial Crime risks are understood, mitigated and controlled. 
  • Provide guidance to Hong Kong stakeholders to assist them to develop robust procedures to comply with Hong Kong regulatory obligations including AML/CTF, Sanctions, Anti-Bribery & Corruption and compliance with Group Financial Crime policies and standards.
  • Assist with the management, reporting and resolution of suspicious transactions raised by the business.
  • Contribute to the preparation of internal and external financial crime related reporting and ad-hoc regulatory requests.
  • Contribute to the development of, and deliver, Financial Crime training within Hong Kong.
  • Work closely with Client Onboarding team, Client Coverage, Legal, Operational risk teams and other functions within Hong Kong.
  • Contribute to management of the Branch’s relationship with Hong Kong Regulators.
  • Liaise with Group Financial Crime Compliance, Group Financial Crime Advisory and other Group functions, where applicable.
  • Actively participate in the various industry and Group AML/Financial Crime forums and Working Groups.
  • Attend industry forums and seminars.

Your skills & experience

  • Excellent technical financial crime knowledge, skills and experience, including AML/CTF, Sanctions, Anti-Bribery & Corruption, Politically Exposed Persons and regulatory requirements around Customer Due Diligence/Know your Customer.
  • Excellent knowledge of HKMA and SFC regulatory and legislative obligations and industry guidance pertaining to AML/CTF, Sanctions, Anti-Bribery & Corruption.
  • Financial markets product and process knowledge including Institutional Banking, Markets, and high net worth individuals.
  • 8+ years of experience in a corporate or investment banking AML/Financial Crime environment or other relevant role.
  • Strong written and spoken business English skill is essential. Cantonese and/or Mandarin is desirable but not essential.
  • Proven ability to manage conflicting priorities against tight deadlines.
  • Ability to work under pressure and apply logical thinking to problem solving.
  • Team player with the ability to liaise and communicate effectively across the organisation.

Your qualifications

  • Tertiary qualification essential (e.g. Degree level law, business, economics, accounting, commerce or equivalent).
  • Relevant Financial Crime professional qualifications (desirable) (e.g. CAMS ICA Diploma of AML, Associate AML Professional (AAMLP), Certified AML Professional (CAMLP) or equivalent).