Vice President, AML and Sanctions Advisory

Mandatory Reference Checking Scheme (“MRC”) for Hong Kong

The Mandatory Reference Checking Scheme is a framework to facilitate Authorized Institutions (“AIs”) to bilaterally obtain reference information during their recruitment process for certain positions, such that misconduct information in an individual’s previous employments can be provided to AIs to inform their employment decisions.

For information related to MRC Scheme, “Frequently Asked Questions for In Scope Individuals” is published by HKAB/Industry Guidelines (https://www.hkab.org.hk/en/home) or further information will be available upon request, if it is applicable to the position(s) applied.

Country Of Location:

China Hong Kong

Job Responsibilities:

• Develop and implement compliance policies, procedures and monitoring programme on AML related activities to mitigate ML/TF risks
• Provide prompt and constructive advisory support to BUs and SUs, Overseas Branches and Subsidiaries where appropriate in order to ensure the Bank complies with AML/CFT, FATCA and CRS requirements
• Review and advise on enquiries or issues escalated by BUs/SUs in relation to matters linking to KYC/CDD, FATCA/CRS, AML control processes, etc.
• Provide ML/TF risk management advices to evaluate the impact and magnitude of the risks, and recommend mitigating actions
• Support FATCA and CRS internal implementation (including project and enhancement) and coordinate the reporting tasks for the Bank, subsidiaries and overseas branches
• Assist BUs in the review of customer relationships for the purpose of complying with KYC/CDD requirements; make recommendations to management regarding the provision of approval/concurrence when establishing/continuing business relationship with higher risk customers
• Liaise with regulators and handle regulatory examinations, surveys, enquiries, information requests, etc. raised by regulators from time to time
• Assist in reviewing, enforcing and implementing AML policies and procedures of the Bank and relevant internal operational manuals according to the latest regulatory requirements and practices
• Assist AML Advisory Head and supervisors to advise management on compliance issues and potential impact caused by regulatory developments in the AML area
• Perform tracking on unresolved examination/audit issues and assist in the issue resolution process
• Enhance AML compliance awareness among staff through provision of relevant training materials and knowledge sharing
• Take up other ad hoc assignments from time to time as directed by the Head of Advisory or supervisors

Requirements: