Assistant Vice President, Compliance

W- POSTED BY - Wan Khim Er- RecruiterFollow **Job Purpose**: Assist the Head of Compliance in: - Managing the Branch’s compliance function, especially private banking/wealth management ("PB/WM") compliance prograM/Framework. - Providing PB compliance advisory for the assigned portfolio in relation to licensing, PB/WM regulatory requirements as well as carrying out compliance monitoring and reviews to ensure compliance with all applicable laws and regulations especially (including Securities & Futures Act, Financial Advisers Act and relevant banking regulations). - Managing AML-related projects and ensure timely implementation. **Responsibilities**: - Provide compliance advisory support in relation to PB/WM business activities to all business units and support units of the Bank. - Provide support to business and / or supporting units of the Bank in the development, implementation and regular review of policies and procedures for their operations with due regard to all applicable regulatory requirements in PB/WM Area. - Provide compliance advisory support to PB/WM units on AML issues. - Assist the Head of Compliance to advise management on compliance issues and potential impact of regulatory trends and developments in designated areas, especially PB/WM Area. - Collaborate with internal Compliance team members in performing compliance monitoring program on the Bank's various activities in investment compliance if necessary. - Conduct compliance review on complaint cases and provide necessary advice in the area of designation especially PB/WM Area. - Undertake investigations into any complaints reported or made by both internal and external customers in the area of designation especially PB/WM Area. - Review the current compliance controls of the Bank, and identify proper actions for improvement if necessary in the area of designation especially PB/WM Area. - Perform regular tracking on all outstanding regulatory issues or findings yet to be solved or responded. - Assist Head of Compliance to enforce the General Compliance Manual of the Bank in the Specific Area. - Liaise with regulators and handle the ad hoc examination, surveys and enquiries. - Prepare operation manual for the department in the Specific Area. - Raise and maintain compliance awareness among staff by providing them with relevant information, publications and training on compliance matters. - Provide coaching and training to junior staff of the team or other compliance teams. - Take up other assignments from time to time directed by the Head of Department or Branch General Manager. - Support frontline and adhere to anti-money laundering / counter terrorist financing requirement and sanction risks controls in accordance with regulatory standards and CNCBI policies. **Job Requirements**: - Degree holder in Banking and Finance, Accounting or related discipline. - At least 5-10 years of compliance experience within the PB/WM industry. - Experience in review of counterparties/clients and have knowledge of PB Investment Suitability framework. - Experience in KYC (including name screening) and transaction monitoring review requirements for PB clients. - A team player with strong communication and interpersonal skills. - Strong analytical and problem solving skills; and meticulous. - Self-motivated and resourceful; able to multi task and focus on delivering results. Job ID Compliance - AVP