Compliance Manager

Our client, a Canadian Banking group, is now looking an experienced candidate to join their expanding team:
Responsibilities
• Build, oversee, monitor and continuously enhance the second-line compliance program. This includes maintaining updated all policies, procedures and internal controls designed to oversee and challenge the first line’s compliance with applicable regulatory requirements;
• Monitor and test the first line’s compliance and supervision program. Respond promptly to detected non-compliance issues and recommend corrective action; 
• Ensure that all second-line regulatory compliance policies and procedures are documented, easily accessible, updated as necessary and communicated to management in the impacted lines of business;
• Maintain appropriate documentation, records and reports for review by auditors and regulators. 
Accountabilities
Legal and Regulatory Requirements 
• Ensure that the PCG Compliance Program reflects current regulatory and compliance risks within the businesses; 
• Oversee the review, interpretation, and dissemination of current and proposed laws and regulations, code of conduct and ethics and industry best practices.  
• Conduct related research on regulatory requirements as required; 
• Review and provide feedback on emerging regulatory issues and industry practices that may impact the business;
 
PCG Compliance Procedures
•Review and evaluate the adequacy of PCG business procedures designed to support compliance with applicable regulatory requirements;
•Provide consultation and advice to the business and employees regarding compliance and risk management in connection with the quality and implementation of business controls; 
•Review and advise the business on client documentation, product development, licensing, marketing material, regulatory applications, etc. that require Compliance input; 
 
Compliance Monitoring & Reporting
•Establish, document and maintain Compliance monitoring and controls to minimize risk and support compliance with relevant laws and regulations; 
•Monitor corrective or remedial action plans to ensure that the business implements them effectively;
•Reporting and appropriately escalating instances of non-compliance to the Senior Compliance Manager, Private Banking  
•Communicate and liaise with local regulators on matters impacting the business (e.g. correspondence, regulatory examinations, licensing and registration) in conjunction with senior managers in the business; 
•Provide timely reports on the status of the PCG Compliance Program and on any related compliance issues;


Requirements
• Completed University degree in Law, Finance, Business Administration or similar; 
•Minimum of 8 years of related compliance experience which may include: private banking, wealth management, bank systems or operations, audit, compliance or law;
•Excellent knowledge and understanding of the Hong Kong regulations (including experience having contact with the HKMA and SFC) and knowledge of industry best practices in compliance, governance and risk management;
•Good understanding and knowledge of private banking;
•Excellent verbal and written communication skills in English and Chinese.
Interest parties please visit http://www.rgf-hragent.asia/en/hongkong/
All information received will be kept in strict confidential and only for recruitment purpose.

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