Ensure compliance with all applicable SFC regulations, rules, and guidelines.
Develop and implement policies, procedures, and controls to ensure ongoing compliance with regulatory requirements.
Monitor and assess changes in AML regulations and update internal policies and procedures accordingly
Stay up-to-date with new and evolving regulatory requirements and ensure timely implementation of necessary changes.
Act as the main point of contact for regulatory authorities and manage regulatory inspections, inquiries, and reporting requirements.
Oversee and manage the external asset management function, including due diligence and selection of external managers.
Report regularly to the senior management and board of directors on risk and compliance matters, including significant issues, emerging risks, and regulatory developments.
Risk Management:
Establish and maintain effective risk governance frameworks, including risk appetite statements, risk tolerance levels, and risk reporting structures
Develop and implement risk mitigation strategies and action plans to minimize the likelihood or impact of identified risks.
Collaborate with relevant stakeholders to ensure the effectiveness of risk controls and procedures.
Conduct periodic risk assessments and compliance audits to identify and address any potential regulatory gaps or weaknesses.
Manager in Charge:
Prepare and present regular reports on the performance, achievements, and challenges of the assigned area to senior management and other relevant stakeholders.
Maintain accurate and comprehensive documentation, including policies, procedures, and records related to the area's activities
Requirements
Minimum 5 years of experience in risk and compliance management within the financial services industry
Prior experience working as a Manager in Charge (MIC) in a company regulated by the SFC under type 1, 4, or 9.
Professional certifications (e.g., CFA, CPA, CAMS) in compliance or risk management are highly desirable.
In-depth knowledge and understanding of SFC regulatory requirements and guidelines.
Proven track record of developing and implementing effective compliance programs and risk management frameworks.