The role is under Financial Crime Compliance – Client Review Team (FCC CRT). FCC CRT is responsible for ensuring that all client relationships and their accounts comply with internal policies & procedures, regulatory requirements and industry standards. This role involves conducting thorough reviews of client CDD profile and transactions, identifying potential risks and implementing necessary corrective actions. Key Responsibilities: Client Due Diligence: Conduct comprehensive reviews of client profiles, ensuring that all required information and corroborative evidence is collected, verified and up-to-date. Transaction Monitoring: Analyze and review client transactions during the review process to identify unusual or suspicious activities, escalating issues and conducting investigations as necessary. Regulatory Compliance: Stay informed about relevant laws, regulations and industry practices (e.g. AML, KYC, Sanctions and Tax related areas) and ensure the bank’s practices align with these requirements. Risk Assessment: Assess potential risks associated with client relationships/accounts and suggest appropriate mitigation strategies. Collaboration: Work closely with various departments and stakeholders (locally and overseas) to address FCC related issues and provide guidance/advice; assist Head Office to ensure the Hong Kong business is in compliance with the standards required by the Hong Kong Monetary Authority and the Monetary Authority of Singapore. Reporting: Support ad-hoc MI reporting and prepare detailed reports on client reviews, compliance findings, and trends for senior management and regulatory bodies. Training: Assist in the development and delivery of training programs for staff on compliance policies and procedures. Policy Development: Contribute to the development and enhancement of compliance policies and procedures to ensure regulatory expectations and industry standards are met. Working Experience and Requirements: Minimum 3 years of experience in compliance, risk management or a related field, preferably within a private banking context. Strong understanding and knowledge of banking regulations, AML rules, compliance frameworks, and risk assessment methodologies. Strong analytical, problem-solving and research skills. Proficient in English and Chinese (both Mandarin and Cantonese). Excellent communication skills, both verbal and written. Have both teamwork and individual contributor skills. Able to work under stress and in a multi-cultural environment. Education Requirements: Bachelor degree holder or equivalent; Advanced degree or relevant certification (e.g. CAMS, AAMLP, CAMLP) is welcomed. Seniority level
Associate Employment type
Full-time Job function
Accounting/Auditing, Finance, and General Business Industries
Financial Services and Banking
#J-18808-Ljbffr