Senior Associate, Regulatory Compliance

Job Description

Responsibilities (how we will measure success)

We are seeking a highly skilled Senior Associate to join our team for the provision of compliance consultancy services to clients. The ideal candidate will have a strong background in regulatory compliance, AML, Financial Resource Rules (“FRR”) and exceptional client-facing abilities. This role involves providing comprehensive compliance advisory services to clients regulated by the Securities and Futures Commission (SFC) and addressing complex compliance issues.

Tasks (what does the role do on a day-to-day basis)

• Client Management: Serve as the 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.
• Licensing Applications: Prepare and submit SFC licensing applications and ad-hoc 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.
• Regulatory Reporting: Draft and review regulatory reports and returns as required, ensuring accuracy and compliance with regulatory standards.
• KYC: perform KYC work and advisory for clients.
• 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.

Other

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

Qualifications

Key competencies for position and level

• Strong analytical skills with excellent attention to detail
• Sound judgement and initiative
• Ability to provide solutions and handle complex regulatory compliance related issues
• Effective and efficient communication of regulatory information
• Results oriented and ability to multitask and manage high volumes of priorities in a fast-paced environment

Key behaviours we expect to see

In addition to demonstrating our Group Values (Authentic, Bold, and Collaborative), the role holder will be expected to demonstrate the following:

• Taking Ownership
• Resilience
• Positivity
• Proactivity

Required Experience

Essential Criteria:

• Bachelor’s degree in Law, Accounting, Finance, or equivalent fields
• Excellent written and verbal communication skills in both English and Cantonese in order to communicate with clients (Mandarin is not a must)
• 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 under pressure and tight deadlines, and work well as part of a team.

Desired Criteria:

• Strong MS Office skills
• Sound knowledge on regulatory compliance in Hong Kong
• Experiences in client facing roles would be an advantage

Additional Information

OUR COMMITMENT TO YOU AND THE ENVIRONMENT  

Sustainability is integral to our strategy and operations. Our sustainability depends on us building and maintaining long-term relationships with all our stakeholders – including our employees, clients, and local communities – while also reducing our impact on our natural environment.  

There is always more we can, and should do, to improve – whether in relation to our people, our clients, our planet, or our governance. Our ongoing success as a business depends on our sustainability and agility in a changing and challenging global landscape. We’re committed to fostering an inclusive, equitable and diverse culture for our people, led by our Diversity, Equity, and Inclusion steering committee. 

Our learning and development programmes and systems (including PowerU and MyCampus) enable us to invest in growing our employees’ careers, while our hybrid working approach supports our employees in achieving balance and flexibility while remaining connected to their colleagues. We want to empower our 6,500+ employees - from 94 nationalities, across 24 countries - to each achieve their potential.  Through IQ-EQ Launchpad we support women managers launching their first fund, in an environment where only 15% of all private equity and venture capital firms are gender balanced. 

We’re committed to growing relationships with our clients and supporting them in achieving their objectives. We understand that our clients’ sustainability and success lead to our sustainability and success. We’re emotionally invested in our clients right from the beginning.