Head of Financial Crime and MLRO

Risk and Compliance

The Risk & Compliance function is a Second line of defence (LOD) function, responsible for reviewing and challenging the activities of business to ensure that they effectively manage as "Risk Owners" the risks inherent in or arising from the conduct of their activities and for which they are responsible.

We are currently seeking a high caliber professional to join our team as Head of Financial Crime and MLRO, reporting to Chief Risk and Compliance Officer.

Principal responsibilities

• Lead and oversee the Financial Crime sub-function’s activities to ensure the bank manages the financial crime risks that it faces
• Work closely with the Business Facing Financial Crime Officers, set policy and provide effective oversight of the operational effectiveness of critical policies and systems covering financial crime
• Identify, analyze, and investigate Financial Crime risk to support informed risk management and effective information sharing with internal and external stakeholders (including government), grounded in advanced analytics and technology
• Act as a trusted advisor to the Board and senior executive stakeholders on all material financial crime risk and related reputational issues that arise in relation to the operational management of financial crime risk
• Coordinate a consistent approach to manage the positive relationship with the regulators and in conjunction with the Business Facing Financial Crime Officers, ensuring timely reporting and disclosure of relevant information both to our regulators and within the Group in relation to financial crime matters
• Ensure second line governance of financial crime risk exposure, providing analysis, reporting and governance that is independent of the first line of defence, thereby maintaining an objective assessment of risk exposure
• Provide Financial Crime risk stewardship in the bank to maintain an effective control framework and to ensure compliance with all relevant external laws & regulations, internal codes and policies and good market practices
• Drive the implementation of policy related to Financial Crime risk arising out of changes in Compliance within the bank and regionally
• Stay at the forefront of key regulatory changes for the region to ensure proactive communication with business and develop appropriate policy and framework to manage the changes

Requirements

• Significant financial crime experience as a regulator, or a senior financial crime manager within a global firm, in the financial services industry
• Significant knowledge of a financial crime risk framework and experience in its execution, together with knowledge of business and products
• Background or deep understanding of operational risk is also highly desirable
• Experience of dealing with regulatory matters and confident interaction with Regulators and Law Enforcement Agencies
• Strong leadership in creating and motivating a team
• Sound judgment in credit decision and maintain a high proficiency in credit risk management
• Excellent communication and inter-personal skills, with experience of dealing with executives at all levels
• Professional qualifications such as Enhanced Competency Framework (ECF) and/or Certified Banker (CB) under Hong Kong Institute of Bankers (HKIB) would be an advantage.

You’ll achieve more when you join Hang Seng Bank Limited.