Get AI-powered advice on this job and more exclusive features. Direct message the job poster from BDO Unibank. Passion for innovation to provide possibilities and enhance opportunities.
The BDO HK
Junior Compliance Officer (Regulatory Compliance)
will support the BDO HK Senior Compliance Officer (For Regulatory Compliance) and BDO HK Head of Compliance (Compliance Head) in ensuring that the BDO HK complies with all applicable regulatory requirements, internal policies and guidelines and codes of conduct applicable to its banking service and other regulated activities in Hong Kong. This role involves assisting in regulatory compliance, conducting compliance testing, and supporting compliance training and advisory functions. Regulatory Compliance
Support in ensuring full compliance of requirements of the Branch as specified in the Banking Ordinance, Securities and Futures Ordinance, and other applicable ordinances in Hong Kong as well as other relevant codes, guidelines and best practices issued by the Hong Kong Monetary Authority (HKMA) and Securities and Future Commissions (SFC) and applicable regulations by Philippine supervisors such as Bangko Sentral ng Pilipinas (BSP), Securities and Exchange Commission, among others. Assist in ensuring full compliance with the internal manuals, policies and procedures in alignment with the applicable regulatory requirements. Compliance Program Review
Assist in gathering and organizing information on Hong Kong and Philippine laws and regulations applicable to BDO HK and support in compiling preliminary analysis on potential risks of non-compliance. Provide administrative support in conducting periodic compliance review functions on applicable legal and regulatory requirements. Tasks may include, but not limited to, preparing documentation, coordinating review schedules, and summarizing findings for review by HK Sr CO/Compliance Head. Help identify potential non-compliance risks by supporting the team in collecting relevant data and participating in discussions. Assist in drafting suggested action points to mitigate these risks under the guidance of the Sr CO/Compliance Head. Compliance Monitoring/Independent Compliance Testing (ICT)
Assist in preparing the ICT Test Plan under the supervision of HK Sr CO/Compliance Head. Conduct ICT activities on regulatory compliance in accordance with the approved sampling approach/methodology in the ICT Test Plan and maintain working papers and related supporting documents. Conduct compliance monitoring testing procedures in relation to Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) and other applicable regulatory requirements. Prepare and submit reports on ICT, FATCA, CRS compliance testing activities and other applicable regulatory reports to Sr CO/Compliance Head. Compliance Advisories and Trainings
Under the supervision of Sr CO/Compliance Head: Conduct research on regulatory updates including changes to legislations and guidelines and present findings to compliance team for review. Assist in the distribution of compliance advisories, manuals, and regulatory circulars to the relevant staff members, ensuring proper documentation and record-keeping. Assist in the coordination and organization of training sessions on regulatory requirements for Branch employees, including tasks such as scheduling, preparing materials, and setting up meetings or presentations. General Functions
Assist Sr CO/Compliance Head in responding to inquiries and requirements for the regular examination of internal and external auditors, various local and overseas regulatory bodies and law enforcement authorities in relation to regulatory compliance. With supervision from the Sr CO/Compliance Head, prepare and submit regulatory compliance reports and surveys of BDO HK Compliance Department. Maintain and monitor the submissions of various regulatory compliance reports and surveys prepared by the other business units of BDO HK. Maintain and monitor training records (internal and external) of BDO HK Employees and Relevant Individuals in relation to regulatory compliance. Support any other ad hoc queries and projects related to regulatory compliance. Alternate to Sr CO or Jr CO (AML), as needed. Other tasks that may be designated/delegated by the Compliance Head and Sr CO. Qualifications:
Bachelor’s degree in Finance, Accounting, Law, Business Administration, or any related field. With at least five (5) years compliance experience or any related field in the banking industry, preferably in Branch (retail and private banking) operation environment. Sufficient banking operations and product knowledge. Sound knowledge of regulations as issued by HKMA, SFC, BSP, or similar frameworks. Proficiency in computer software (MS Word, Excel, PowerPoint). Strong verbal and written communication skills; interpersonal skills; negotiation skills; people management skills. Certification in any regulatory compliance field is a plus. The candidate must be willing to work onsite in our office in Central. Seniority level
Associate Employment type
Full-time Job function
Finance Industries: Financial Services and Banking
#J-18808-Ljbffr