Compliance Officer - Enhanced Due Diligence & Client Reviews

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The Compliance Division serves as a second line of defence within the Bank and supports the Senior Management in ensuring compliance with external and internal regulations to actively manage regulatory risk.

YOUR CHALLENGE

The Compliance Officer - Enhanced Due Diligence ("EDD") and Client Reviews, is responsible for managing the client lifecycle to prevent financial crime, with a particular focus on high-risk customers. This includes performing enhanced due diligence during client onboarding and conducting regular client reviews to ensure that client information and transaction patterns align with expected activity. Additionally, the role involves executing trigger event reviews to investigate material changes or red flags identified through transaction monitoring or adverse media alerts. The officer acts as a gatekeeper in the Compliance Division, ensuring ongoing adherence to local and international regulations, as well as Head Office requirements.

P er son al Contribution and Responsibilities

• Review Customer Due Diligence ("CDD") information and documents and follow up outstanding items with the Front to ensure compliance with know-your-client and anti-money laundering requirements, both from the perspectives of local regulatory and internal group requirements
• Conduct and document customer risk assessments during the on-boarding process, client reviews and trigger event reviews and escalate Anti-Money Laundering ("AML") / CDD issues where appropriate
• Attend ad hoc enquiries from, and assist in handling inspection by regulators, Internal Audit and Head Office Financial Crime Compliance
• Perform compliance monitoring in relation to AML / CDD

YOUR PROFILE

• University degree preferably in Law / Finance / Accounting/ Business
• Strong AML / Know Your Client ("KYC") / CDD knowledge
• Good analytical skills
• At least 1 year of solid experience in professional practice and/or the financial services sector, preferably in private banking AML Compliance / KYC on-boarding and client review area
• A Certified AML Professional ("AAMLP") under the Enhanced Competency Framework on Anti-Money Laundering and Counter-Financing of Terrorism would be a preferred advantage
• Sound knowledge of the AML Guidelines issued by Hong Kong Monetary Authority ("HKMA") and The Securities & Futures Commission {"SFC") would be an added advantage
• A strong sense of responsibility and impeccable integrity
• Excellent command of spoken and written English and Chinese
• Experience in regulatory authority (i.e. SFC / HKMA) and law enforcement would be an added advantage

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