Your new company

A leading international Private Bank with an established presence in Asia is seeking a Head of Compliance to lead the Hong Kong Compliance function. This is a critical leadership role responsible for overseeing Regulatory Compliance and Financial Crime Compliance matters while serving as the designated MLRO for the business.

Your new role

• Act as Head of Compliance and MLRO for the Hong Kong business.
• Lead the Regulatory Compliance framework and provide compliance advisory support to Private Banking and Wealth Management businesses.
• Advise senior management on regulatory developments and their impact on the business.
• Maintain effective relationships with regulators, including the HKMA and SFC.
• Oversee AML/CFT, sanctions, anti-bribery and corruption, conduct risk and financial crime compliance programmes.
• Ensure compliance policies, procedures and controls remain effective and aligned with applicable regulatory requirements.
• Provide guidance on investment products, discretionary portfolio management, suitability, cross-border activities and client-related regulatory matters.
• Drive regulatory change initiatives and implementation of new regulations.
• Oversee compliance monitoring, surveillance, risk assessments and issue remediation activities.
• Support regulatory examinations, audits and internal reviews.
• Provide compliance training and foster a strong compliance culture across the organisation.
• Lead, mentor and develop the local compliance team while partnering with regional and global stakeholders.

What you'll need to succeed

• Bachelor's degree in Law, Accounting, Finance, Business Administration or a related discipline.
• 15+ years of Compliance experience gained within Private Banking, Wealth Management or Banking environments.
• Strong Regulatory Compliance advisory experience with sound knowledge of HKMA and SFC requirements.
• Proven experience managing AML/CFT and Financial Crime Compliance programmes.
• Previous experience acting as MLRO or deputy MLRO is highly preferred.
• Strong understanding of private banking products, discretionary portfolio management, lending and cross-border banking activities.
• Experience engaging directly with regulators and managing regulatory examinations.
• Demonstrated leadership experience with the ability to influence senior stakeholders.
• Excellent communication and stakeholder management skills.
• Fluency in English is required; Cantonese and/or Mandarin would be advantageous.
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What you need to do now

If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or contact Rowina Lo at rowina.lo@hays.com.hk for a confidential discussion. If this job isn't quite right for you, but you are looking for a new position within Risk or Compliance, please contact us for a confidential discussion on your career.