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Man with very rare skillset leaves Standard Chartered for OCBC

A Standard Chartered compliance head has resurfaced in a hybrid digital/governance role at OCBC. Industry veteran Henry Mok, who left Stan Chart in Singapore in June last year, is now head of digital transformation for AML and operational risk at OCBC, a move that highlights the current high demand for regulatory and digital expertise in Asia.

Mok spent about 18 months as head of financial crime compliance for digital products and business banking at Stan Chart, according to his online profile. Prior to that he worked for PayPal in Singapore for almost 10 years, first as APAC chief compliance director and then as head of APAC compliance operational excellence.

Mok's compliance skills and digital experience (a comparatively rare combination) make him a sought-after candidate in the current job market. For example, as firms such as Stan Chart and ICBC set up new virtual banks in Hong Kong, governance staff are among the first people they are looking to hire, according to recruiters in the city. This is likely to be the case if virtual banks get the go-ahead in Singapore.

We also understand that UOB is hiring compliance professionals to support the new digital bank that it is rolling out across Southeast Asia. Meanwhile, Jimmy Ng, DBS’s newly appointed head of tech, has a background in governance.

Moreover, compliance systems across the banking sector are themselves being digitalised, which is further diving demand for compliance professionals well conversed in so called ‘regtech’. There’s a “hiring frenzy” this year for people who can “effectively combine tech capabilities with strong compliance knowledge”, Ian Yeung, a principal consultant at recruiters Selby Jennings, told us in February. “This year will see a rapid increase in the use of regtech – particularly for transaction monitoring and data analytics – resulting in more demand for technologically adept project managers with compliance experience,” adds James Hickman, managing partner of Aquis Search.

Mok began his career in 1995 at PwC in the US and later transferred to Singapore, where he specialised in global risk management solutions. He joined Visa in 2004 and worked there for three years as an APAC manager in the controls and compliance office before joining PayPal.

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itakefotos4u, Getty

AUTHORSimon Mortlock Content Manager
  • A
    23 May 2019

    this headline is ridiculously dumb. the writer shouldnt even be writing for a school newspaper.

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