Vice President (Product Compliance) - Investment Products and Advisory Department

Position Summary

The Product Compliance Manager within Investment Products and Advisory Department (“IPAD”) is responsible for ensuring new and existing investment products and selling processes for the bank are in-line with regulatory expectations. He/she works in close partnership with the Product Managers and Business Units to development new business opportunities within Investment Products in a risk-controlled manner.

This post acts as the first line of defense in the Department by improving, formulating and implementing framework and procedure related to investment products. The post will be responsible for coordinating among business sections of IPAD and the Risk and Compliance representatives of the Bank and among others, in complying with and providing responses to regulatory matters primarily in relation to investment products. These matters include relevant deliverables required from time to time by both external regulators and internal parties such as Compliance and Internal Audit of the Bank.

Responsibilities

• Act as a center of excellence for investment product compliance for the Bank.
• Coordinate and to prepare product sales script and order form for retail banking and private banking customers
• Assist the department in keeping abreast of all relevant regulatory requirements and assessing the impact on business and operations
• Products covered by the team include Mutual Funds, Alternative Investments, retail bonds, Linked Deposits, Fixed Income, Derivatives, Structured Products, and Discretionary Portfolio Management strategies;
• Comply with all applicable regulations, rules, codes, guidelines and standards set by regulators and the Bank, and carry out duties with high integrity;
• Adhere to all established risk control guidelines, procedures and measures to identify, assess, report, mitigate and monitor the risks involved in the day-to-day work
• Work on other job duties as assigned by Department Head and Section Head

Requirements

• University graduate, preferably major in economic, finance, with 5 years of banking experience
• Passed HKSI Paper 1, 7, 8
• HKIB professional qualification is an advantage
• Good presentation and interpersonal skills with experience of cross departmental projects
• Good spoken and written English, Chinese and fluent Mandarin being an advantage