Asset Management – Group Compliance – Head of Compliance, Hong Kong

June 27, 2024

Asset Management – Group Compliance – Head of Compliance, Hong Kong

Reference12352073

  • Permanent
  • HK-Hong Kong
  • COMPLIANCE
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ROLE DESCRIPTION AND PURPOSE
As the appointed Manager in Charge for Compliance, to ensure that BNP Paribas Asset Management Asia Limited is in full compliance with applicable Hong Kong regulatory requirements as well as BNPP Group Compliance standards. This includes providing proactive compliance advice to the business, the roll-out of Group Compliance policies and standards, implementation of compliance controls and the monitoring of the effectiveness of the controls in place.
KEY RESPONSIBILITIES
  • To represent the Compliance function in the company’s HK Management Committee and other business and operational committees. Conduct a Monthly Compliance Committee, ensuring that HK management and Board of Directors are kept fully informed of compliance matters. Escalation of material compliance concerns or issues to the Head of Compliance, Asia Pacific. Monthly reporting to AM Global Compliance Head and periodic reporting to domains where required. Participate in monthly Territory Compliance meetings. To handle regulatory breach reporting and incident follow-up where required.
  • To manage and maintain the relationship with the SFC and other regulators, representing the function in relevant industry forum
  • To ensure all AM Asia staff are aware and trained on the Compliance expectations of the local regulator and the BNP Paribas group. To help develop a strong compliance culture within the entity.
  • Actively ensure new regulatory trends and requirements are identified and addressed. Perform ongoing assessment of company activities to ensure compliance with local regulatory requirements. 
  • Maintain an annual Compliance Action Plan defining clearly the Control plans and coverage for all domains including Financial Security, Market integrity, Professional ethics and Clint Interest Protection. To actively monitor the status of Compliance controls, gaps and actions required for closure”
  • To act as the Manager-in-Charge for “Anti-Money Laundering and Counter-Terrorist Financing” and to supervise and oversee compliance and AML/CTF matters. To ensure that financial security framework is in compliance; this includes to provide staff training and advisory service to the business on financial security topics (KYC, AML, Sanction screening), to provide compliance opinion/risk assessment on KYC files and PEP/sanctions alerts requiring an intervention, and to perform second level control as per the FS control plan, to assess and report on the adequacy of the local Financial Security framework
  • To act as Whistleblowing referent and ensure implementation of Whistleblowing Framework locally. 
  • To act as ABC correspondent for compliance and ensure contribution to ABC matters rolled out by the Group
  • To oversee compliance for APAC Dealing Services, liaising with the Global Dealing Services Compliance function in Paris
Key Internal / External Relationships: 
Internal: 
  • Head of Compliance, Asia Pacific
  • AM Asia CEO & local Management Team
  • AM Global Head Compliance & AM Compliance domain heads
  • Luxembourg Fund Structuring team
  • Territory Compliance Head, Hong Kong
External: 
  • SFC Case Officers and Supervision Team
ROLE REQUIREMENTS
ESSENTIAL QUALIFICATIONS & EXPERIENCE
  • Minimum of 15 years of Compliance managerial experience, preferably with an international asset management company and with experience in handling the relationship with local regulatory bodies.
  • Graduate, preferably with a degree in law or accounting. Professional qualification a plus
  • Good understanding of regulatory (and possibly Legal affairs) of the Hong Kong Asset Management industry
  • Good understanding of equity / fixed income / Asset Allocation portfolio management and dealing protocols and life cycle
  • Independent and keen to take action -solid but approachable nature, with the ability to act calmly and professionally
ESSENTIAL SKILLS/COMPETENCIES (TECHNICAL / BEHAVIOURAL / LEADERSHIP)
  • Business Knowledge/Commercial Acumen
  • In depth knowledge of asset management business, specifically portfolio management processes and investment methodologies.
  • Knowledge of SFC Regulations and their application
  • Monitoring, Investigation and Reporting Skills 
  • Leadership Competencies: Strong communication & interpersonal skills, and Strong influencing skills
  • Interpersonal/Core Competencies: Excellent English skills, Independent ,Tenacious, Flexible, and Proactive
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