Manager/AVP, Credit Policy & Credit Regulatory Compliance (Risk Management Dept)

CMB Wing Lung Bank Limited is a Licensed Bank registered in Hong Kong, which is formerly known as Wing Lung Bank. Founded on 25th February 1933, CMB Wing Lung Bank is among the oldest local Chinese banks in Hong Kong. In 2008, CMB Wing Lung Bank was acquired by China Merchants Bank (CMB). In 2009, the Bank has become a wholly-owned subsidiary of CMB. In 2018, the Bank has renamed as CMB Wing Lung Bank.

CMB Wing Lung Bank and its subsidiaries hold multi licenses in banking, insurance, securities, trust and asset management sectors. Serving customers with whole-hearted, the Bank provides comprehensive banking products and services including retail banking, corporate banking and financial markets, etc. Among them, private banking, syndicated loans, bond issuance, financial markets, asset custody and asset management are influential and competitive in the market. At present, the Bank has over 30 branches and business outlets located in mainland China, Hong Kong, Macau and overseas, etc regions. The Bank has nearly 2,000 employees.

Following the motto of “Progress with prudence, service with sincerity”, the Bank embraces “Serving with Heart, Quest for efficiency, Caring for sincerity” service value into the daily operation. The Bank strives to build a first-class, innovative and cutting-edge commercial bank in Hong Kong and provides an integrated local and cross-border financial and banking services for customers.

Responsibilities:

1. Policy Development & Maintenance:

• Assist in the drafting, reviewing, and periodic updating of the Bank's credit risk management policies, underwriting standards, and procedural guidelines to ensure they are robust and current.
• Ensure all credit policies are clearly documented and effectively communicated to all relevant business units.

1. Regulatory Compliance & Monitoring:

• Monitor and interpret new and evolving regulations from the HKMA, Basel Committee, and other relevant bodies.
• Conduct gap analyses to assess the impact of new regulations on existing policies and processes.
• Support the team in preparing responses to regulatory inquiries and internal audit reviews.

1. Risk Control & Governance:

• Assist in the development and maintenance of the credit risk control framework.
• Help monitor key risk indicators (KRIs) and prepare regular credit risk compliance reports for management and risk committees.
• Participate in ad-hoc risk projects, such as stress testing and ICAAP, from a policy and compliance perspective.

1. Stakeholder Engagement & Training:

• Collaborate with business units (e.g., Corporate Banking, Credit Approval) to provide guidance on policy interpretation and implementation.
• Support the team in developing and delivering training sessions to staff on credit policies and regulatory requirements.

1. Cross-Functional Collaboration:

• Collaborate with other departments of the bank (including business units, second line and finance management department, etc.) to ensure that credit risk taking is consistent with the institution's strategy.
• Cooperate with the department's reporting team, model team, policy team and data team to assist the whole department in credit risk control.

Requirements:

• Degree holder preferable in Business Administration, Finance, Risk Management, Economics, Accounting or other relevant disciplines.
• Minimum 5 years relevant experience of progressive experience in policy development, regulatory compliance, or legal & compliance in bank, financial institution, regulatory authority (e.g., HKMA, SFC), or professional services firm (Big 4, top-tier law firms) in Hong Kong.
• Qualified professional preferred such as FRM, PRM, CFA. Candidates with other relevant qualifications in compliance or audit (e.g. ACCA, CPA) will also be considered.
• Proven track record in drafting, reviewing, and updating risk management/compliance policies, procedures, and guidelines to align with Hong Kong’s regulatory requirements (e.g., HKMA circulars, Banking Ordinance) and international standards (e.g., Basel III, IFRS 9).
• Experience in conducting compliance gap analyses, regulatory impact assessments, and supporting internal audits or regulatory inspections.
• Experience with risk management systems, e.g. Moody's Risk Authority, Bloomberg or other similar platforms.
• Familiar with the banking regulations of credit risk areas (e.g., HKMA's Supervisory Policy Manual modules on credit risk, Basel frameworks).
• Exposure to Mainland China’s financial regulatory framework (e.g., PBOC, CBIRC) is a significant advantageous.
• Exceptional English writing skills for drafting formal policies, regulatory reports, and communications.
• Proficiency in both spoken and written English and Chinese (Mandarin and Cantonese). Ability to communicate complex regulatory requirements clearly across Mandarin ,English and Cantonese-speak.
• High proficiency in Microsoft Office Suite, particularly Word, Excel and PowerPoint.