VP, Regulatory Compliance, Private Banking

Client Profile

Reputable European private bank with a growing presence in Asia, recognized for its robust compliance infrastructure and well-defined governance structure. They are currently looking for a VP to join their Regulatory Compliance Team.

Key Responsibilities

1. Lead and maintain the Bank's Personal Account (PA) Dealing Program, including policy governance, pre-clearance approvals, monitoring, surveillance, breach investigations, and management reporting to ensure compliance with internal standards and regulatory requirements.
2. Oversee licensing and registration matters with the Hong Kong Monetary Authority (HKMA) and Securities and Futures Commission (SFC), including regulatory notifications, submissions, licensing applications, competency assessments, and maintenance of staff licensing records.
3. Manage the Bank's Conflict of Interest (COI) framework, providing advisory support on employee, client, and business-related conflict matters, reviewing disclosures, implementing mitigating controls, and maintaining relevant governance processes.
4. Act as a key regulatory compliance advisor to Private Banking business, providing practical guidance on regulatory requirements, conduct risk matters, and the implementation of new regulatory developments.
5. Lead and support compliance-related projects and regulatory change initiatives, including gap assessments, policy enhancements, control reviews, process improvements, and implementation of new HKMA and SFC requirements.
6. Serve as the primary liaison for regulatory affairs, coordinating responses to regulatory enquiries, thematic reviews, inspections, surveys, and information requests from the HKMA, SFC, and other relevant authorities.
7. Develop, review, and enhance compliance policies, procedures, and governance frameworks to ensure ongoing alignment with evolving regulatory expectations and industry best practices.
8. Deliver compliance training and awareness programmes, fostering a strong culture of compliance and ethical conduct across the Private Banking business.

Requirements

1. Bachelor's degree in Law, Finance, Business Administration, Accounting, or a related discipline.
2. Minimum 8 years of regulatory compliance experience within private banking, wealth management, or financial services.
3. Strong knowledge of HKMA and SFC regulatory requirements, licensing obligations, conduct standards, and governance expectations.
4. Excellent stakeholder management skills with the ability to influence senior business leaders and collaborate across functions.
5. Strong analytical, investigation, communication, and report-writing capabilities.
6. Fluency in English and Chinese (Cantonese and Mandarin preferred).