VP/AVP, Business Compliance, Bancassurance Business - (WD37308)

Business Function

Group Legal, Compliance & Secretariat ensures that the bank's interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.

Responsibilities

• Provide prompt, practical and consistent compliance advice, interpretation and recommendation on laws, regulations and policies as well as new products and other business initiatives to Bancassurance business of all segments


• Work closely with Business Units (BU) and other compliance teams to establish and implement appropriate compliance policies and procedures for those relevant to Bancassurance business


• Handle and manage compliance and regulatory assignments such as complaint handling, regulatory reporting, regulatory survey, regulatory examination and ad hoc projects


• Assess training needs, develop and review training materials and conduct training for BUs


• Review and advise on policies and procedures for the general operation of Bancassurance business and its related activities to prevent compliance breaches, unethical, or improper conduct


• Manage day-to-day operation of the Bancassurance compliance program. This includes supporting new business initiatives and product launches. To review product/ service marketing materials, proposals and implementation of sale process for Bancassurance


• Respond to alleged violations of rules, regulations, policies, procedures and internal code of conduct by evaluating and recommending the initiation of investigative procedures


• Provide reports to senior management on a regular basis and as directed or requested, to keep senior management informed of the operation and progress of compliance efforts/ tasks and meetings


• Ensure proper reporting of violations or potential violations to duly authorized enforcement agencies and regulators (including HKMA, IA, PCO) as appropriate

Requirements

• A degree in Law, Finance, Accountancy, or related disciplines, or possession of legal or accountancy professional qualifications


• Minimum 7 years’ experience in:-
  • compliance / legal or audit department of a bank or authorized / licensed financial institution; or
  
  
  • a local or overseas banking or relevant financial supervisory body; or
  
  
  • a professional legal or audit / accountancy firm with banking or financial services compliance / regulatory advisory experience.


• Good exposure on regulatory dealing is a must.Ability to obtain valuable market practices from peers is a plus. Presentation to management as required to facilitate the making of informed decision(s).


• In-depth knowledge of banking and financial sector laws and regulations, compliance best practices and understanding of financial products and operating business, in particular those relating to Bancassurance


• Ability to understand the business, analyze issues and formulate appropriate recommendations


• Ability to develop a rapport within BU but maintaining independence


• Ability to foster compliance culture


• Ability to effectively communicate with management and front line staff to drive compliance initiatives and other relevant process changes / projects


• Sound interpersonal and communication skills, and good writing ability


• Candidate with less experience would be consider as Assistant Vice President

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

We regret only shortlisted candidates will be notified.