head of compliance, foreign bank.

Key Responsibilities:

• Ensure compliance with the Banking Ordinance and relevant rules and regulations.
• Act as the s72B Manager for the Bank’s AML & compliance function.
• Stay updated on regulations and report findings to management; formulate and implement risk control measures.
• Review and update internal policies and procedures to align with new laws, regulations, and guidelines.
• Conduct regular compliance checks and AML reviews, including account opening documentation.
• Enforce the general compliance manual and provide training and support to staff.
• Handle and provide guidance on all AML & compliance-related matters.
• Manage on-site and off-site reviews conducted by regulators and internal auditors.
• Design and deliver training on new legislation, guidelines, and regulations periodically.

Requirements:

• Previous experience with a regulatory body (e.g., HKMA) is a definite advantage.
• Strong communication skills with regulators.
• Degree in Business Administration, Risk Management, Law, or related disciplines.
• Minimum of 10 years of relevant experience, with at least 4 years in a managerial or leadership role within the banking sector.
• Professional qualifications under the Enhanced Competency Framework (ECF) on Compliance, AML/CFT, and/or Certified Anti-Money Laundering Specialist (ACAMS) preferred.
• Proficient in written and spoken English.