GS Compliance, Assistant Vice President

  • Competitive
  • Hong Kong Hong Kong Hong Kong HK
  • Permanent, Full time
  • State Street
  • 23 Sep 18 2018-09-23

GS Compliance, Assistant Vice President

Role Summary

  • Primary responsibility is to manage/review/perform compliance activities related Regulatory Compliance covering regulations relating to GS Business Units (covering Custody, Trustee, IMS Asset servicing and Transfer Agency.
  • To provide day to day compliance advisory support to the GS business in country related to Custody & Trustee businesses; Client Operations; IMS Asset servicing; Transfer Agency and Performance Services.
  • Provide day to day support to the Head of GS Hong Kong Compliance
  • Assist and participate in the execution of the Compliance Oversight Program.

Key Responsibilities
  • Under limited supervision, individual in this position provides compliance support to corporate compliance program, business and functional units.
  • Act as main contact point with regulators - HKMA and HKDPB. MPFA in future.
  • Independently handle regulatory enquiries and manage regulatory inspections.
  • Independently conduct assigned responsibilities within respective section of overall compliance function mainly covering regulatory areas.
  • Perform HKMA self-assessment exercises (SPM) related to compliance areas and assist/advise various business units where required.
  • Review / advice on Outsourcing projects to ensure regulatory compliance with HKMA requirements.
  • Provide compliance support and perform related compliance activities related to Trust business covering (SFC regulations, Company Registry regulations under TSCP License and MPF regulations (in near future once Trust business offers services to APIFs, MPFA regulator's clearance obtained).
  • Ensure timely filing of regulatory reports and returns.
  • Ensure timely renewal of Business Licenses and accordingly work with relevant teams.
  • Support the review of new business initiatives, products and services, requests for proposals from Clients and marketing materials to ensure regulatory compliance requirements are addressed as applicable.
  • Coordinate the review and interpretation of new and pending laws and regulations that potentially affect the organization's business practices.
  • Create/Review local compliance policies or procedures.
  • Provide compliance related training to business units, where necessary.
  • Assist and participate in the execution of the Compliance Oversight Program.
  • Escalate complex and higher risk issues to senior managers and Identify solutions for complex issues in a multi-constituent environment.
  • Review activities and documentation focusing on higher level advisory or process management issues.
  • Assess effectiveness of compliance activities and make suggestions to streamline activities.
  • May have direct contact with regulatory agencies, internal and external advisors and other internal control groups on compliance- related issues.
  • Participate in Risk & Compliance, Outsourcing and Deal Team Committees (as requested).
  • Assist in special compliance projects (as assigned).
  • Review activities and documentation focusing on higher level advisory or process management issues.
Experience / Qualification / Key Skills / Attributes
  • Bachelor's degree or above.
  • Minimum 6 years solid compliance related experience in the financial industry.
  • Compliance experience related to HKMA, HKDPS and MPF is an advantage.
  • Demonstrated good communication and organization skills.
  • Demonstrated good project management and leadership skills.
  • Demonstrated good analytical and problem solving skills.
  • Team player.
  • Ability to build consensus.
  • Ability to develop and maintain business relationships within business units and across the corporation.
  • Capable of executing/completing a range of complex tasks and analysis.