Section Head, Compliance Review (AML)

Bank of Communications

  • Hong Kong
  • Permanent
  • Full-time
  • 4 days ago
Proactive, Dedicated and InnovativeFounded in 1908, Bank of Communications Co., Ltd. (Stock codes: A shares 601328, H shares 03328) is one of the oldest banks in China as well as one of the note-issuing banks in modern China. The Bank was listed on the Stock Exchange of Hong Kong Limited in June 2005 and on the Shanghai Stock Exchange in May 2007. The Bank currently has 202 domestic branches, comprising 30 provincial branches, 7 branches directly managed by the Head Office and 165 managed by provinces. It has also established 2,690 banking outlets in 215 cities and 159 counties nationwide. In addition, the Bank has set up 13 overseas institutions, comprising branches in Hong Kong, New York, San Francisco, Tokyo, Singapore, Seoul, Frankfurt, Sydney, Macau, Ho Chi Minh City, Taipei, Bank of Communications (UK) Co., Ltd. and representative office in Toronto. The Bank’s development strategy is to become “a first class listed universal banking group focusing on international expansion and specializing in wealth management”.
  • Lead and supervise a team to conduct compliance reviews, self-assessments, and ad-hoc projects per compliance plan and regulatory requirements.
  • Conduct risk assessments and develop annual compliance review plan to identify and mitigate risks per internal policies and regulatory standards.
  • Ensure compliance reviews are conducted effectively and meeting the deadlines, and provide practical recommendations to address compliance review findings for internal stakeholders.
  • Assess, review, and report material deficiencies to senior management with recommendations for remediation and system enhancements.
  • Act as primary liaison for AML/CFT matters with regulatory authorities, Head Office, and auditors.
  • Coordinate AML/CFT reviews conducted by the regulatory authorities, Head Office, external & internal auditors, and follow up on remediation plans.
  • Prepare management responses and remediation plans to address regulator examination findings, ensuring full compliance.
  • Review internal risk and governance framework on a regular basis to ensure alignment on regulatory requirements and business operations.
  • Bachelor’s degree in Law, Accounting, Finance, Business Administration, or equivalent.
  • Minimum 10 years of FCC/AML compliance, business operational review, audit experience in banking/financial institutions.
  • Strong knowledge of HKMA, SFC, IA regulations, AML guidelines, KYC, and compliance review processes.
  • Familiar with banking operations, systems, products, and services.
  • Proficient in written and spoken English, Chinese, and Mandarin.
  • CAMLP or AAMLP certification highly recommended.
  • ECF achievement is a strong advantage.
The above post requires proficiency in English, Cantonese and Putonghua.We offer attractive remuneration package to the right candidates. Please send your full resume with expected salary to The Human Resources Manager, Bank of Communications Co., Ltd., 10/F, Bank of Communications Tower, 231-235 Gloucester Road, Wan Chai, Hong Kong, or fax to 2838 9209, or e-mail to l: [email redacted, apply via Company website].Data held by the Bank relating to employment applications will be kept confidential and used only for consideration of applications. The bank may also refer suitable applicants to other vacancies within the Group. All personal data of unsuccessful applicants will be destroyed after the recruitment exercise. A copy of Personal Information Collection Statement is available upon request.Bank of Communications (Hong Kong) Limited is a wholly owned subsidiary of Bank of Communications Co., Ltd. (Incorporated in the People's Republic of China)

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