Compliance Manager

  • Competitive
  • Hong Kong
  • Permanent, Full time
  • Bank Of America / Merrill Lynch
  • 19 Jan 18 2018-01-19

Compliance Manager


Job Title: Compliance Manager

About Bank of America Merrill Lynch:

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the World

Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies.

Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.

Bank of America Merrill Lynch is an equal opportunities employer.

Position Description
The Compliance Manager is responsible for engaging in activities to contribute to the independent compliance oversight of Front Line Unit ("FLU") and Control Function ("CF") performance and any related third party/vendor relationships in alignment with the Compliance Risk Management ("CRM") Program and the Global Compliance Enterprise Policy (GC Policy). As a member of a FLU or CF compliance officer team, the Compliance Manager demonstrates and applies business acumen to promote a culture of compliance and the identification, escalation and timely mitigation of compliance risks. This role exercises judgment and influence, and may constructively challenge FLU and CF leaders to support the CRM Program objectives, balancing business strategy with appropriate controls.
The compliance manager role sits within the GCIB Compliance coverage area and will report to the Head of GCIB Compliance for APAC

Key Responsibilities

The Compliance Manager is accountable for contribution to the requirements in the GC Policy aligned to compliance officers, including but not limited to the following activities:
• Assist the Compliance Executive in maintaining and communicating regulatory changes, advising and directing business leaders to ensure that regulatory requirements are addressed in their respective process and controls so that their day to day activities operate in a compliant manner.
• Engage other compliance officers, Enterprise Areas of Coverage roles, and horizontal function roles to provide oversight of FLU and CF activities.
• Conduct compliance risk assessments of FLU and CF.
• Contribute to monitoring and testing coverage plans and related metrics for Front Line Unit ("FLU") or Control Function ("CF").
• Monitor and test the effectiveness of the front line unit and control function compliance risk controls.
• Identify aggregate, report and escalate compliance risks, issues and control enhancements.
• Execute governance and management routines.
• Identify compliance training needs, provide subject matter expertise to support development of training curriculum, and inspect FLU/CF and third party participation.
• Assist business leaders in preparations for regulatory exams and audits for FLU/CF and related Enterprise Areas of Coverage.

Key Requirements

• Bachelor degree holder or equivalent educational experience
• Minimum 7 to 10 years' experience working in global investment bank
• Excellent knowledge of Hong Kong SFC/HKMA rules and regulations within the compliance function
• Ability to multi-task and independently drive responses to regulatory/exchange compliance issues/queries
• Solid awareness of controls and governance
• Self-motivated, a team player and results orientated
• Ability to work in partnership with business, shared services and other members in Legal and Compliance in the region
• Outstanding interpersonal and communication skills.

Posting Date: 19/12/2017
Location:
Hong Kong, , CHEUNG KONG CENTER, 2 QUEEN'S RD,
- Hong Kong

Full / Part-time: Full time
Hours Per Week: 40