JOB PURPOSE:
Ensuring that the Business & Support Units’ internal controls are effective in complying with regulatory requirements
Keeping abreast of regulatory developments in banking laws and regulations as well as interpretation and providing compliance advisory and recommendations
PRINCIPAL ACCOUNTABILITIES:
To provide dissemination of regulatory updates, advisory, and guidance to the Business & Support Units in all compliance matters on Laws and Regulations (Foreign Account Tax Compliance Act, Common Reporting Standards)
To review Regulatory Compliance-related policies and procedures, and to monitor gap analysis progress implemented by the Business & Support Units, to ensure the Business & Support Units manage risks appropriately to comply with the latest local regulations, global policies, and procedures
To maintain the External Rule Database to register applicable regulatory obligations and maintain other registers on Regulatory Compliance-related matters
To maintain an ongoing review program for compliance, including but not limited to the issuance of local checklists for Compliance Self Evaluation on a half-yearly basis, and the monitoring of personal account dealing by staff
To coordinate and conduct the half-yearly Compliance Self Evaluation for submission
To review, develop, and implement a risk-based compliance monitoring program (including surveillance and thematic reviews)
To act as the point of contact with regulators, and to assist in handling regulatory consultations and reviews, as well as reporting submissions, notifications, regulatory approvals, surveys, and requests for information
To prepare and present management reports (including key findings/follow-up actions), for example, monthly compliance reports and regulatory reporting.
To prepare presentation materials to highlight key regulatory changes or issues to various relevant committees
Coordinate and conduct training pertinent to raising awareness of local and overseas regulatory requirements among staff
To maintain and manage a list of users and administrators
To participate in compliance-related projects and perform any other duties as may be assigned from time to time
KEY COMPETENCIES:
Sound working knowledge of Laws and Regulations
Good understanding of corporate or private business products and processes, and familiarity with Capital Markets and related sales and suitability obligations
Creative, resourceful, meticulous, analytical and able to work independently with excellent verbal and report-writing skills
Self-driven and a team player with strong interpersonal and communication skills. Good command of both English and Chinese as role require to liasie with Chinese speaking stakeholders.
Good analytical, process management and execution skills
