WM - Business Management

Responsibilities:

• Compliance Monitoring: Act as the first line of defense by monitoring daily activities of PWM frontline staff (RM, ARM, IC) to ensure compliance with regulatory requirements and internal policies. Product lineup includes bonds, mutual funds, private equity funds, hedge funds, equities, structured products, and FX products.
• Risk Control Development: Develop a quantitative risk control framework for risk identification, measurement, management, and reporting.
• Communication and Guidance: Communicate regularly with frontline staff regarding significant risk items and irregularities found in investment transactions. Provide guidance on areas of improvement in securities dealing and investment suitability checks before executing transactions for customers.
• Staff Training: Provide regular training to frontline staff on dealing in securities.
• Policy Review and Update: Regularly review and update internal policies and procedures to align with the latest regulations, technology, and industry best practices.
• Collaboration: Work closely with the legal and compliance team and various stakeholders on policy and procedure implementation.
• System Management: Support system management, including change request control. Familiarity with project processes is a plus.
• Auditor Inquiries: Address inquiries from auditors and ensure remediation of operational issues when necessary.
• Ad Hoc Duties: Perform ad hoc duties as assigned by the Team Head.

Requirements:

• Educational Background: University graduate in Banking, Finance, or a related discipline.
• Experience: Minimum of 5 years of relevant experience in the Banking or Financial Services industry, preferably in a Private Banking setting.
• Technical Skills: Experience with Avaloq systems or involvement in User Acceptance Testing (UAT) preferred.
• Language Proficiency: Proficient in written and spoken English and Chinese (fluent Mandarin preferred).
• Interpersonal Skills: Possess a logical mindset with strong interpersonal and communication skills.
• Availability: Immediately available or short notice is highly preferred.
   

This is an in-scope position under the Mandatory Reference Checking (MRC) Scheme. For details, please refer to the corresponding website:

https://www.hkab.org.hk/en/page/5/mandatory-reference-checking-scheme-phase-2