Manager, Risk Management and Compliance

Job Responsibilities

A. Ethical and Legal Requirements

• Familiarize with all applicable AML/CFT laws and regulations, risk and compliance related policies and procedures.
• Demonstrate commitment to legal and ethical behavior by ensuring risk management and compliance practices are in compliance with applicable requirements (and guidance) of the legal systems, regulatory and internal requirements, etc.
• Ensure all responsible areas are in compliance with ethical and legal standards

B. Assist the Senior Manager to manage AML Advisory, Review and Reporting Team

• Effectively discharge the responsibility of being the Second Line of Defence (SLOD) function in relation to the compliance of Sanction Policy, AML/CFT and National Security Law (NSL), Trigger Event Review and Regular review of high-risk customers, which align to regulatory requirements and company's risk appetite.
• Keep abreast of the regulatory requirements to conduct gap analysis and update relevant AML/CTF, Sanction guidelines and SLOD procedure manuals as well as review of the procedure manuals of FLOD (where required).
• Proactively lead AML Advisory, Review and Reporting Team to conduct customer risk assessment to address potential Sanction, money laundering and terrorist financial risks in the course of ongoing customer review (including review of customer profile and name screening).
• Provide advisory comments of new projects/ products/ assignments to FLOD on the design of product features and functionalities, customer ongoing monitoring, AML/CFT regulatory compliance in the daily operations and processing.
• Promote risk-based compliance monitoring and assist the Senior Manager to seek clearance from the HKMA
• Prepare or review the HKMA regulatory report, NSL related Suspicious Transaction Reporting (STR) to JFIU, Risk Management Reports to Senior Management, Risk Committee and Board on a timely manner.
• Review the AML/CFT assessment conducted by FLOD and criticize the AML/CFT risk assessment and mitigation measures in their routine processes.
• Provide guidance and assist coordinate with FLOD in conducting health check or remediation project, where appropriate to meet the AML/CFT regulatory requirements.
• Supervise the AML Advisory, Review and Reporting Team and continuously manage subordinates' efficiency and quality of works to meet the SLA and KPI as agreed with regulatory bodies and senior management from time to time.
• Assist senior manager to provide regular on-job training, recruitment and performance management of the "Subordinates" of the Team that directly supervises
• Liaison of HKMA for handling Complaint matters and ad-hoc enquiries from HKMA (e.g. on regular submission).

C. Others

• Proactive in addressing and resolving high risk issues identified
• Coach junior members of the Team
• Any other tasks that the Department Head, DGM or Senior Manager directs from time to time.
• Candidates with more experience will be considered a Senior Manager grade.

Job Requirements

• University Degree or above in business administration, accountancy, finance or law discipline
• Well versed with HKMA AML Guidelines, Payment Systems and Stored Value Facilities Ordinance, relevant AML/CTF Qualification: CAMS, CFE or CPA is a plus
• At least 8 years of relevant work experience (with at least 3 years of supervisory experience in system development or management) in the financial services industry
• Strong knowledge/expertise in in relevant laws, regulations and industry (e.g. smart card and banking regulatory, operations (such as retail banking, cards, payment and cash management).
• Well versed with HKMA's AML Guidelines and circulars, Supervisory Policy Manuals, Code of Practice for Multi-purpose Store Value Card Operations.
• Possess experience in regulatory compliance, product review and control procedures or system enhancement.
• Experience in
  • Banking or SVF industries;
  • Regulatory bodies e.g. HKMA;
  • Big 4 accounting practice / Sizable legal practice;
  • Card Payment Business;
  • Fraud Risk Management;
  • Experience and capable in dealing with regulators and auditors is a plus.
• Strong ability to evaluate, appraise and prioritizes risk and resources.
• Be the change agent and drive risk management framework at all levels within the organization
• Self-starter, highly independent with professional integrity
• Strong analytical, influencing and communication skills, with the ability to communicate and negotiate with both external and internal stakeholders at all levels.
• Pro-active, be able to generate practical solutions to complex problems
• Able to work under pressure and liaise effectively with the business and supporting units
• Good command of written and spoken English and Chinese

We offer successful candidate an attractive remuneration package and excellent career prospects. Interested parties please send your resume, present and expected salary, contact details and quoting the reference number by clicking

Visit our web site: http://www.octopus.com.hk/

The personal data collected will be used for recruitment purposes only. If you are not contacted by us within six weeks, you may consider your application unsuccessful. Personal data with an unsuccessful applicant will be destroyed 12 months after rejection of the application. During this retention period, you have the right to request for correction or destruction of your personal data at any time. Any request for the correction or destruction of personal data should be addressed in writing to our Human Resources & Administration Department.

Octopus is an equal opportunity employer and all employment decisions and Human Resources policies are administered; especially those relating to recruitment & selection, compensation & benefits, promotion & transfer, training & development and termination & redundancy; without discrimination on the basis of age, race, colour, religion, sex,national origin, marital status, pregnancy, physical and mental disability and family status but on genuine occupational qualification, job performance, employees' ability and internal/ external relativities.