Manager/AVP, Credit Policy & Credit Regulatory Compliance (Risk Management Dept)

Responsibilities:

1. Policy Development & Maintenance:

• Assist in the drafting, reviewing, and periodic updating of the Bank's credit risk management policies, underwriting standards, and procedural guidelines to ensure they are robust and current.

• Ensure all credit policies are clearly documented and effectively communicated to all relevant business units.

1. Regulatory Compliance & Monitoring:

• Monitor and interpret new and evolving regulations from the HKMA, Basel Committee, and other relevant bodies.

• Conduct gap analyses to assess the impact of new regulations on existing policies and processes.

• Support the team in preparing responses to regulatory inquiries and internal audit reviews.

1. Risk Control & Governance:

• Assist in the development and maintenance of the credit risk control framework.

• Help monitor key risk indicators (KRIs) and prepare regular credit risk compliance reports for management and risk committees.

• Participate in ad-hoc risk projects, such as stress testing and ICAAP, from a policy and compliance perspective.

1. Stakeholder Engagement & Training:

• Collaborate with business units (e.g., Corporate Banking, Credit Approval) to provide guidance on policy interpretation and implementation.

• Support the team in developing and delivering training sessions to staff on credit policies and regulatory requirements.

1. Cross-Functional Collaboration:

• Collaborate with other departments of the bank (including business units, second line and finance management department, etc.) to ensure that credit risk taking is consistent with the institution's strategy.

• Cooperate with the department's reporting team, model team, policy team and data team to assist the whole department in credit risk control. 

Requirements:

• Degree holder preferable in Business Administration, Finance, Risk Management, Economics, Accounting or other relevant disciplines.

• Minimum 5 years relevant experience of progressive experience in policy development, regulatory compliance, or legal & compliance in bank, financial institution, regulatory authority (e.g., HKMA, SFC), or professional services firm (Big 4, top-tier law firms) in Hong Kong.

• Qualified professional preferred such as FRM, PRM, CFA. Candidates with other relevant qualifications in compliance or audit (e.g. ACCA, CPA) will also be considered.

• Proven track record in drafting, reviewing, and updating risk management/compliance policies, procedures, and guidelines to align with Hong Kong’s regulatory requirements (e.g., HKMA circulars, Banking Ordinance) and international standards (e.g., Basel III, IFRS 9).

• Experience in conducting compliance gap analyses, regulatory impact assessments, and supporting internal audits or regulatory inspections.

• Experience with risk management systems, e.g. Moody's Risk Authority, Bloomberg or other similar platforms.

• Familiar with the banking regulations of credit risk areas (e.g., HKMA's Supervisory Policy Manual modules on credit risk, Basel frameworks).

• Exposure to Mainland China’s financial regulatory framework (e.g., PBOC, CBIRC) is a significant advantageous.

• Exceptional English writing skills for drafting formal policies, regulatory reports, and communications.

• Proficiency in both spoken and written English and Chinese (Mandarin and Cantonese). Ability to communicate complex regulatory requirements clearly across Mandarin ,English and Cantonese-speak.

• High proficiency in Microsoft Office Suite, particularly Word, Excel and PowerPoint.