Head of Compliance, Hong Kong

Tasks

• Management of the compliance program at M&G Hong Kong, as well as other compliance-related projects and initiatives.
• Support regulatory compliance related to the company’s business and operations in the Hong Kong jurisdiction, taking into account the HKMA and securities and regulatory authorities; advise business units on compliance matters and monitor the current regulatory environment.
• Serve as the primary point of contact for internal and other senior banking departments on all regulatory and internal legal matters related to APAC, the HKMA, and the SeHK.
• Ensuring the complete submission of reports and filings to regulatory agencies, as well as internal and external audits, such as the annual assessment of the IMLPG.
• Collaborate with other departments at M&G (including China, Office, and Treasury IRI) to develop compliance policies and procedures.
• Promoting and maintaining an effective compliance culture and conducting management training.
• Serve as the primary point of contact for the AML process and provide support for all KYC and periodic review matters.
• Work more closely with the HK business (including Southeast Asia, the Pacific, marketing, sales, and operations teams) to develop appropriate compliance policies and procedures (operational, licensing-related, and internal) for all current M&G offerings.
• Maintain relationships with all key contacts at regulatory agencies, including the HKMA, SFC, SeHK, Hong Kong Monetary Authority, and others, as applicable.
• Monitoring regulatory and market-related developments that could be relevant to any business unit or compliance area in which you operate.
• Use of AML tools and other compliance reports to generate data and reports.
• Preparation of the AML program, including policies, in accordance with BSA/AML requirements and FATF/UN recommendations.
• Maintaining awareness of sanctions lists in accordance with AML regulations.
• Ensuring that all relevant processes and procedures are kept up to date.
• Providing compliance support for a range of internal projects, including due diligence, KYC, new office, etc.
• Reporting compliance issues to the M&G Plc Compliance Team.
• Ensuring that new products are approved by the compliance department before launch.
• Conduct periodic reviews of compliance policies and procedures.
• Review and approval of written procedures, as well as implementation of procedures for handling complaints, disciplinary matters, and internal investigations.
• Supporting the recruitment process by conducting background checks on candidates.
• Providing training for employees on compliance and regulatory matters.
• Supporting the implementation of new regulatory initiatives.
• Preparation and presentation of the compliance risk assessment.
• Review and evaluation of the effectiveness of the compliance function.
• Identification and reporting of potential compliance violations.
• Preparation and maintenance of the compliance manual.
• Conducting compliance audits and reviews.
• Collaboration with external auditors and legal counsel.
• Advice on tax matters related to the business.
• Assistance with preparing regulatory submissions.
• Monitoring the media for mentions of the company and responding appropriately.