Risk and Compliance Manager (Regulatory Compliance) – BEAT

Bank of East Asia (Trustees) Limited ("BEAT") is a member of BEA Group. BEAT has been providing trustee services to large retirement schemes for over 40 years and it acts as trustee/custodian/administrator to Hong Kong authorised unit trusts. BEAT is well positioned to offer comprehensive and high quality MPF services.

Responsibilities

Subject to background and experience, the suitable candidate will be assigned with related duties and responsibilities selected from the following areas:

• Monitor the compliance matters related to the operations of pension business (MPF and ORSO), legislation changes and regularly update and review internal policies, procedures, guidelines and process to meet the regulatory compliance requirements
• Ensure various returns and MIS reports required to be lodged with the regulatory authorities are submitted on time and accurate
• Review handling process of customer complaints and letters, forms, fund fact sheets and marketing materials prepared by other sections to ensure compliance with the relevant requirements
• Communicate and coordinate comments with relevant departments/sections on compliance matters with reference to new regulatory requirements and relevant legislation, rules and guidelines, and to provide compliance advice and impact analysis
• Handle enquiries from regulators and internal parties on any specific areas related to compliance matters
• Prepare and/or review management reports to facilitate senior management oversight and provide requested information for regulators timely
• Provide regular compliance trainings and communication to internal customers, to prepare and review various internal training materials
• Seek prior approval from the relevant regulators and make applications regarding any proposed amendments to the pension and trust documents and the appointment of new directors
• Review the investment management contracts and custodial agreements to be entered into and ensure that they comply with the relevant regulatory requirements
• Check the investment holdings of each fund / trust and ensure that they are consistent with investment objective, policy and / or trust deed
• Working with internal and external auditors or regulators to facilitate onsite inspection or audit process
• Lead and supervise a team with subordinates to effectively discharge their assignments, including ad-hoc projects/tasks

Requirements

• University graduate / professional qualification, preferably in business, banking, accounting, law, finance or related disciplines 
• Preferable over 5 years experience in financial industry or audit or compliance or internal controls or risk management or frauds control fields cover the following:
  • At least 3-5 years in supervisory level
  • Good understanding of any one or more of the relevant requirements of  MPF/ORSO, MPF Intermediary, unit trust, funds management, data privacy, risk management or fraud control
  • Able to understand the controls/ operations of pension/MPF/ORSO businesses or Unit Trust
  • Experience in reviewing procedures and guidelines and able to understand legislation and regulatory requirements
  • Good time management skill of meeting deadlines with different priorities
  • Strong self-discipline and good communication and analytical skills
  • Good team player with self-motivated, independent and good working attitude
  • Relevant banking experience or regulatory compliance qualification such as HKIB ECF qualifications would be an advantage
• Relevant knowledge and experience on handling SFC RA 13 or HKMA TB-1 would be a plus
• Experience in dealing with Regulator (HKMA or SFC or MPFA) is an advantage
• Excellent command of both spoken and written English and Chinese.

(Candidate with less relevant experience, skill and knowledge would be considered as Assistant Manager)