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SVP, Team Head of Business Compliance, Consumer Banking & Wealth Management

DBS Bank (Hong Kong) Limited Hong Kong
Posted 1 month ago Permanent Competitive
See job description for details
Business Function:

Group Legal, Compliance & Secretariat ensures that the bank's interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.

Job Purpose:
The role aims to promote compliance culture in Consumer Banking Group ("CBG") and Wealth Management ("Business") by establishing and implementing compliance policies and procedures to ensure the Business's compliance with all relevant laws, regulations and rules in Hong Kong on an
on-going basis.
Ensure the adoption of a consistent and best practice compliance approach across the Business by establishing a compliance framework by which the Business is expected to follow to protect its reputation.

Responsibilities:
• Liaise with senior management of the Business and relevant Support Units and provide practical assistance, advice and timely escalation on major compliance/regulatory issues and developments
• By leadership and management of compliance network, to assist the Head of Compliance to ensure that the Business operates in accordance with all relevant applicable regulatory requirements, so as to protect the Bank from regulatory risks and ensure the reputation of the Bank
• Assist Business and relevant Support Units to formulate and develop internal policies, procedures and guidelines to facilitate compliance with applicable regulatory requirements and ethical standards
• Communicate compliance and regulatory matters relevant to the Business and relevant Support Units and assist them in setting up and monitoring internal control system to ensure compliance
• Review and sign off Business new products, services and businesses from a regulatory perspective, advise on compliance and regulatory issues
• Act as focal point between the Bank and regulators and liaise with regulators on regulatory and compliance matters as well as foster relationship during daily interaction
• Provide advice and assistance in education and training for the Business on key compliance and regulatory matters
• Play an active role in overseeing and assisting Business specific regulatory examinations, inspection and/ or investigations
• Lead and supervise the CGB and Wealth Management Compliance Team to deliver diligent performance of compliance function

Requirements:
• Bachelor's degree or above in Law, Finance, Accountancy or related disciplines, or possession of legal or accountancy professional qualifications
• At least 10 years' relevant experience in:-
o compliance / legal or audit department of a bank or authorized / licensed financial institution; or
o a local or overseas banking or relevant financial supervisory body; or
o a professional legal or audit / accountancy firm with banking or financial services compliance / regulatory advisory experience.
• Good exposure to dealing with regulatory matters and liaising with regulators.
• In-depth knowledge of banking and financial sector laws and regulations, compliance best practices and understanding of financial products and operating business, in particular those relating to CBG and Wealth Management
• Ability to understand the business, analyze issues and formulate appropriate recommendations
• Ability to develop a rapport with CBG and Wealth Management but maintaining independence.
• Ability to foster compliance culture, in particular within CBG and Wealth Management and the compliance team
• Ability to effectively communicate with management and front line staff to drive compliance initiatives and other relevant process changes / projects
• Ability to develop and coach staff
• Excellent interpersonal, communicating and writing ability

Apply Now
We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.
We regret only shortlisted candidates will be notified.
Job ID  2400007U
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