Asset Management – Group Compliance – Senior Compliance Manager

May 29, 2024

Asset Management – Group Compliance – Senior Compliance Manager

ReferenceREG000426

  • Standard / Permanent
  • HK-Hong Kong (HK)-Hong Kong
  • COMPLIANCE
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ROLE DESCRIPTION AND PURPOSE

  • Assist to ensure BNP Paribas Asset Management Asia (AM Asia) is complying with both BNPP AM and the Group compliance policies and procedures as well as HK regulatory obligations
  • Working within the HK compliance team, assisting on day to day compliance tasks as required covering all compliance requirement as per the regulations and group which shall include but not limited to specific responsibilities for handling licensing application and notification obligations, KYC and AML due diligence review, compliance monitoring and reporting, fund authorization and ongoing maintenance, and general compliance coverage

KEY RESPONSIBILITIES

  • Work closely with business to ensure relevant staff/visitors are properly licensed when they carry out regulated activities in HK, and ensure the company and all of its licensed staff submit the annual return to the regulator within the specific timeline, and comply with other regulatory requirements pertaining to their licenses
  • Facilitate KYC/AML due diligence review during client take-on and on an ongoing basis 
  • Assist in the review, modification and implementation of compliance policies 
  • Assist coverage and provide compliance advices in respect of onshore entities and activities, including 
    • Facilitate marketing materials approval within prompt turnaround
    • Conduct compliance monitoring and controls in various aspects
    • Conduct training to staff to ensure their awareness of the key compliance policies and obligations
    • Provide advice to business concerning funds authorisation / public / private offering in the HK market/all other compliance aspects
    • Formulating action plan to ensure the relevant regulatory requirements are being respected
  • As the position ensuring the 2nd level of control as defined in the Control Plans;
    • To provide a staff training and advisory service to the business on financial security and professional ethic topics (KYC, AML, Sanctions screening) and advise on group related policies and actions
    • To provide a compliance opinion/risk assessment on KYC files and PEP/Sanctions alerts requiring an intervention
    • To perform compliance control testing and independent testing as per the Control plan
    • Keep abreast of regulatory development, assess and report on the adequacy of the local Financial Security framework
  • Advise business on regulatory development and their requirements.

KEY INTERNAL / EXTERNAL RELATIONSHIPS

  • Internal: Europe and other BNPP AM affiliates
  • External: SFC

ROLE REQUIREMENTS

ESSENTIAL QUALIFICATIONS & EXPERIENCE

  • At least 12-15years relevant compliance experience, preferably with a sizeable asset management company. University Degree or Accounting or other related disciplines

ESSENTIAL SKILLS/COMPETENCIES (TECHNICAL/BEHAVIOURAL/LEADERSHIP)

  • In depth knowledge of asset management business, specifically portfolio management processes, investment methodologies, front and back office operations
  • Sound Knowledge of SFC requirements and Hong Kong regulatory environment
  • Good knowledge about Greater China market, HK- China market development / initiatives, China regulations such as QFII / RQFII and experience in handling onshore compliance and regulatory requirements
  • Monitoring, Investigation and Reporting Skills
  • Strong command of both written and spoken English and Chinese; Fluent in Mandarin preferred
  • Excellent communication and experience of dealing with business and senior management under challenging and demanding situations and tight deadlines
  • Be able to work independently and flexibly
  • Being proactive and willing to contribute as a team
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