CMB Wing Lung Bank
Hong Kong, HONG KONG
(on-site)
Posted
4 days ago
Job Function
Risk Management
Description
Responsibilities:- Implement and monitor the Bank's sanctions compliance program, ensuring adherence to all relevant statutory, regulatory, Head Office, and internal sanctions requirements.
- Design and maintain robust control frameworks to identify, assess and manage sanctions risk across the Bank.
- Provide timely response to sanctions related exceptions, recommend control measures and ensure prompt reporting to Senior Management.
- Review and approve sanctions policies and procedural manuals to reflect evolving legal and regulatory developments.
- Provide constructive advice and guidance on sanctions matters, conduct investigations and perform sanction exposure reviews to safeguard the Bank against regulatory and reputational risks.
- Review and approve sanctions compliance reports for Senior Management, Head Office, regulators, auditors and other stakeholders.
- Oversee the timely review and approval of sanctions screening alerts related to customers, transactions, and payments.
- Administer and maintain sanctions watchlists, ensuring accurate and timely updates to screening system.
- Conduct regular testing, tuning and validation of screening systems. Identify and recommend solutions to screening rules and parameters.
- Design, organize and deliver comprehensive sanctions compliance training programs across the Bank.
- Respond to ad-hoc inquiries from regulators, internal and external audits, and monitor the follow up progress on remediation.
Requirements:
- Bachelor's degree or above in Accounting, Finance, Law, Risk Management or related discipline
- At least 10 years of experience in AML and Sanctions Compliance
- Strong in-depth knowledge of global sanctions regimes to ensure awareness and accurate application of relevant regulatory requirements
- Extensive experience in Sanctions compliance risk management and process
- Excellent communication, interpersonal, problem solving and leadership skills
- Self-initiative, able to work independently and under pressure
- Relevant qualification in AML or Sanctions (e.g. AAMLP, CAMLP, CAMS or CGSS) is preferred
- Excellent written and spoken Chinese (Mandarin and Cantonese) and English
Job ID: 82870937
