Senior Manager, Business Compliance and Operation Risks Manager (Operation Risks, Private Banking)

Responsibilities:

• Act as first line of defense to review and advise business on control matters, conduct transaction monitoring and business review to ensure adherence to internal/external requirements, identify possible compliance/operational risks/breaches, prepare management report(s) and provide recommendations to mitigate relevant risks

• Assess product due diligence request raised by business

• Coordinate BCP; perform UAT for system changes

• Implement and review the risk control mechanisms (e.g KRIs) and risk monitoring requirements on the private banking business

• Work on regulatory survey(s); conduct annual risk and control assessment to ensure relevant risks are identified with proper control being laid down

• Review policies & procedures, risk assessment materials submitted by various units and to analyze the compliance/operation risks in new businesses / products / systems

• Conduct trade surveillance, daily report monitoring and other regular transaction and work flow monitoring to identify possible compliance/operational risks and provide recommendations to enhance control weaknesses

• Perform self-assessment, gap analysis against internal and/or regulatory requirements

• Work closely with business and second line of defense to implement regulatory and internal requirements on the private banking business

• Investigate operational risk incidents, recommend appropriate enhancement and monitor implementation status of action plan(s)

• Perform regular and ad hoc monitoring / self-assessment on relevant business activities and prepare management reports on compliance and operation risk related review results

• Coordinate internal / external review or audit

• Provide staff training where required

• Assist on other ad hoc tasks as assigned

Requirements:

• Degree or above

• At least 5 years banking experience, with Operational Risk Management experience in banking sector. With relevant private banking background is an advantage.

• Good analytical, time management and interpersonal skills, with ability to prioritize tasks.

• Proficient in written, spoken English and Chinese

• Familiar with HKMA / SFC regulatory requirements

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