Perform impact analysis and collaborate with business and support units to formulate and develop internal policies, procedures, and guidelines that comply with regulatory requirements and ethical standards.
Advise on the implementation of regulatory requirements and ensure timely escalation of major compliance and regulatory issues.
Act as the main liaison with the HKMA and SFC and maintain good regulatory relationships.
Develop and execute the annual compliance plan, including risk assessment and regulatory priorities, and conduct compliance reviews in high-risk areas.
Regularly update compliance policies and procedures to align with evolving regulatory requirements.
Review and approve new products/services from a compliance perspective.
Coordinate with relevant business and operational units to provide information to HKMA and internal/external auditors during onsite/offsite examinations, including liquidity management, selling of debt securities, and investigations under the Banking Ordinance.
Handle investigations related to the Banking Ordinance.
Handle complaint investigations, engage external counsel when necessary, and review responses to customers.
Conduct compliance training for staff on topics such as the Code of Conduct, Compliance Risk Programme, Data Privacy, Cross-border business restrictions, etc.
Requirements:
Bachelor's degree in a relevant field (e.g., finance, law, business administration) is required. A postgraduate degree or professional certifications in compliance or related fields would be advantageous.
Extensive experience in compliance within the financial services industry, specifically in Hong Kong.
In-depth knowledge of regulatory requirements and frameworks, particularly HKMA and SFC regulations.
Strong understanding of ethical standards and compliance best practices.
Excellent communication and interpersonal skills to effectively interact with internal stakeholders, regulators, and auditors.
Strong analytical and problem-solving abilities.
Ability to work independently, prioritize tasks, and meet deadlines.
Proven track record of managing compliance projects and initiatives.
Familiarity with interest rate benchmark reform and complaint-handling processes would be beneficial.
Experience in conducting compliance training and promoting a compliance culture within the organization.