Head of Legal & Compliance, Retirement

Level: Director

Client: Multinational Insurance Company

Location: Hong Kong

Role Summary:

Reporting to the Head of Compliance, Asia Investments.

Compliance with matrix reporting to Wealth and Asset Management (WAM) Asia Head of Legal and the Hong Kong Head of Compliance you will be responsible for leading a small team of legal and compliance professionals to provide legal and compliance advice and oversight on all legal, regulatory and compliance matters relating to the organisation’s retirement business and operations, including MPF and ORSO in Hong Kong and Macau.

Job Descriptions:

  • Act as Business Unit Legal and Compliance Officer for the organisation’s Hong Kong and Macau retirement business, including MPF and ORSO.

  • Provide legal and regulatory advices on retirement business related matters to retirement business and operation teams in Hong Kong and Macau.

  • Act as the Anti Money-Laundering Reporting Officer (AMLRO), assisting in all communications with Hong Kong’s Joint Financial Intelligence Unit (JFIU)and the Monetary Authority of Macau (AMCM) in respect of retirement business in Hong Kong and Macau.

  • Provide day-to-day legal and compliance support and advice including, but not limited to the areas of anti- money laundering and anti-terrorist financing (AML/ATF), tax compliance (CRS and FATCA), anti-fraud, sanctions, privacy and retirement.

  • Monitor any relevant legal and regulatory developments, initiatives or requirements, ,, conduct gap analyses of existing policies and procedures and ensure timely implementation of any required enhancements or changes, including consultation on draft regulations with regulators, industry associations and peer organizations.

  • Ensure the continuous implementation and effectiveness of the legal and compliance framework, including the review and preparation of policies, guidelines and procedures.

  • Review marketing materials, including product brochures, video scripts, press releases and advertisements.

  • Draft and conduct legal and compliance review agreements, scheme documentations such as trust deeds,

    scheme brochures, and other fund related materials.

  • Conduct compliance testing in conjunction with the Global Compliance Testing team.

  • Handle enquiries and investigations by the relevant regulators such as the Hong Kong MPFA, SFC or AMCM

    and provide legal and regulatory advices to business unit.

  • Act as the company legal adviser to coordinate requests from law enforcement agencies.

  • Provide advices and co-ordinate with the Trustee Compliance teams on any matters relating to the MPF trustee sector.

  • Prepare reports for annual CRS/FATCA reporting.

  • Maintain effective communication with regulators, business counterparts, external consultants and business

    and operation units.

  • Prepare, deliver and monitor Compliance training to the operation and business.

  • Prepare ongoing reports for periodic regulatory/compliance updates to the organisation’s Board of Directors,

    Regional and Global Legal and Compliance and Senior Management.

  • Perform such other duties as may be assigned from time to time by Head of Compliance, Asiua Investments

    Compliance, Wealth and Asset Management (WAM) Asia Head of Legal and/or the Hong Kong Head of

    Compliance.

  • Occasional travel to Macau may be required to carry out above duties.

Experience & Qualifications:

  • A qualified legal practitioner qualified to practice laws in Hong Kong with at least 8 years of post qualification experience.

  • Preferably 10 years of relevant experience working in the legal and compliance field in the insurance, retirement industry or financial services sector.

  • Profound knowledge of MPF and ORSO products and regulatory requirements is essential.

Knowledge/Skills:

  • Excellent leadership, analytical, diagnostic and problem-solving skills.

  • Excellent communication, negotiation and presentation skills in both written and spoken English and

    Chinese.

  • Ability to work independently.

  • Ability to work under tight deadlines.

  • Proactive and attentive to details.

  • Ability to work within a globally operating team with a collaborative mindset.

  • Independent, analytical thinker, hard-working and with a solution-orientated mindset.

  • Ability to adapt to an ever-evolving environment.

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