Hong Kong Head of Compliance

Level: SVP

Client: International Credit Ratings Agency

Location: Hong Kong

The Role/Responsibilities:

The organisation’s compliance function operates globally to provide compliance support, training, and surveillance to its business lines. This role will be directly reporting to and working closely with the Head of Compliance in Asia- Pacific, and will be primarily responsible for providing managerial and technical support for execution of Compliance responsibilities in the region. The candidate will be responsible for leading the compliance team in Hong Kong and China; liaise closely with senior global and local senior management, heads of businesses to advice on regulatory/compliance requirements; and ensure timely escalation of major compliance/ regulatory issues and developments. The candidate will be the main point of contact for all regulatory examinations and inquiries in Hong Kong, and will supervise regulatory matters in China. As part of the role the candidate will also be responsible to review new products, initiatives and businesses from a regulatory perspective to advise on applicable compliance and regulatory issues. The individual will also discharge responsibilities as Hong Kong Manager-in-Charge for Compliance and AML/CFT.

  • Planning and executing local, regional and global compliance initiatives, often in a leadership role.

  • Planning and executing compliance training.

  • Ability to assume managerial, leadership, mentor role as Senior Compliance Officer.

  • Providing technical and managerial support for local compliance needs as required.

  • Coordinating with Global Compliance teams and global Business Unit Compliance Officers.

  • Supporting compliance efforts outside of jurisdiction and region as may be directed.

  • Participating in and contributing to local / team / group / corporate discussions.

  • Developing and managing regulatory remediation and initiatives through project management.

  • Performing other duties as may be instructed by management.

  • Interfacing with external parties, industry bodies particularly regulators, as may be required.

  • Attending Board and other relevant goverance and line of business meetings

Qualifications:

Education, qualifications:

  • Bachelor degree in business, law or other finance related discipline required

  • Advanced degree or licenses in law or accounting strongly preferred

  • Held position(s) responsible for Compliance and/or Manager-in-Charge for Compliance and AML/CFT

  • ACAMS Certified Anti-Money Laundering Specialist (“CAMS’) or Enhanced Competency Framework on

    AML/CFT (Professional Level) desirable

Education, qualifications:

  • At least 15 years in one of the following:

    • Senior Compliance Officer, or regulatory affairs, internal audit, or legal departments, or a combination

      thereof, in a global financial institution can be considered.

    • In the practice of law, either as a licensed attorney, or foreign attorney practicing in an Asia Pacific

      jurisdiction. Legal experience in finance related sector is desirable.

  • Considerable exposure to financial services regulators and strong regulatory knowledge.

  • Relevant to the above relating to securities-related regulatory matters.

  • Prior regional compliance experience overseeing Mainland China, Hong Kong, Korea and Taiwan markets

  • Well versed with compliance risks and regulations associated with cross-border business.

  • Demonstrated skill and experience in leading and managing teams and supervising/mentoring junior staff.

Key Skills:

  • Bachelor degree in business, law or other finance related discipline required.

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