We are seeking a highly skilled Senior Associate to join our team for the provision of compliance consultancy services to clients with a focus on the delivery of the preparation and review of Financial Resource Rules (“FRR”) forms for Licensed Corporations (“LC”). The ideal candidate will be either HKICPA qualified or a Chartered Accountant with a strong background in FRR requirements regulatory compliance and exceptional client-facing abilities. This role involves providing comprehensive FRR and liquidity compliance advisory services to clients regulated by the Securities and Futures Commission (SFC) and addressing complex related issues.

Tasks

• Prepare and review FRR submissions for LCs as per SFC regulatory requirements.
• Monitor liquidity and capital positions of LCs and prepare/check regulatory disclosures to ensure compliance with relevant rules and regulations.
• Provide consultation in forecasting the financial impact for potential investments, dividend declarations, etc. on the liquidity of LCs.
• Communicate and coordinate with auditors, accountants, lawyers and other group offices to manage compliance and regulatory issues.
• Assist in post-audit FRR and Account Disclosure Document preparation and review, as required, to be submitted to the SFC.
• Handle other FRR matters and enquires from regulators, clients, and other parties.

Additional Tasks

• Client Management: Serve as a primary point of contact for clients, delivering compliance consultancy services to SFC-regulated financial institutions.
• Compliance Support: Efficiently handle client compliance inquiries and provide timely responses to ensure client satisfaction and compliance with regulations.
• Research and Advisory: Conduct thorough research on regulatory updates, rules, and regulations, providing clients with timely advice to navigate compliance challenges.
• Prepare and submit SFC filings on behalf of clients, including the necessary supporting documentation.
• Compliance Meetings: Conduct regular compliance meetings with clients, delivering comprehensive compliance reports and updates efficiently.
• Monitoring Reviews: Undertake periodic compliance monitoring reviews by executing a compliance monitoring plan tailored to each client’s needs.

Other

• Perform any additional tasks as directed by the Associate Director to support the team and enhance client services.

Essential Criteria:

• Bachelor’s degree in Accounting, Finance, or equivalent fields
• HKICPA or Chartered Accountant
• Excellent written and verbal communication skills in English and Cantonese in order to communicate with clients;
• Prior knowledge of the financial industry and regulatory regime in Hong Kong.
• Previous working experience in a financial industry compliance role, for example with a regulated institution or a compliance consultancy firm.
• Collaborative attitude, able to work well as part of a team.

Desired Criteria:

• Strong MS Office skills
• Sound knowledge of regulatory compliance in Hong Kong
• Experience in client facing roles advantageous
• Fluency in Mandarin advantageous