Product Suitability Compliance - VP to SVP level Description Responsibilities : Provide regulatory advice, analysis and challenge when appropriate in relation to the full product life cycle including product design and documentation through to post sale reviews / assessments, new business initiatives, bespoke projects, remedial activities (including nature, scale and rigour of past business reviews), transitional investigations.
Work closely with the business to provide timely regulatory compliance advice to ensure compliance with all relevant laws and regulations and support the transition to pro-
active and pre-emptive compliance and conduct risk mitigation to the Business in the region. Review client facing transaction documents for the various products offered from a local regulatory and financial promotions perspective.
Drafting product feature and risk disclosure documents such as "know your investment risk documents" and wrappers for transaction terms.
Collaborate with the other Products Compliance teams and the Compliance Management Group to anticipate horizon risks that may have a significant impact on the Bank and develop effective strategies to mitigate such horizon risks including global standards for conduct of business.
In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management in the Bank and relevant regulators are informed and that actions are taken quickly to remediate and / or activities are ceased.
The Successful Candidate : At least 8 to 10 years of experience in compliance advisory supporting either Private Banking, PWM or Global Markets Business Strong technical knowledge of global market products and high level understanding of various laws and regulations applicable to the businesses Knowledge in risk identification, risk assessment, controls development, training, monitoring and reporting Ability to analyse relevant laws and regulations and co-
relate regulatory issues to products and business models Ability to identify and articulate compliance issues Ability to lead discussions around complex problems with relevant stakeholders Ability to drive the compliance agenda with senior business leaders Strong presentation and communication skills in fluent English Country Hong Kong Company Global Banking Group Salary US$150,000 -
US$160,000 Working Hours Full-Time Contract Permanent Categories Private Banking / Wealth Mgt, Compliance / AML Industries null