Associate - Compliance Risk Controller

2 months ago

Hong Kong, Hong Kong SAR China Société Générale Assurances Full time

Associate - Compliance Risk Controller

Compliance Permanent contract Hong Kong, Hong Kong Reference 24000PNP Start date 2024/12/02 Publication date 2024/10/25

Responsibilities

Summary of the key purposes of the role: 

Contribute to the definition of an annual risk-based Compliance control plan for APAC Deliver Compliance reviews as required by the annual control plan Ensure Compliance risks are identified and managed in a timely manner Ensure timely tracking, resolution and closure validation of CTL recommendations Governance and reporting management

Summary of responsibilities:

Contribute to the definition of an annual risk-based Compliance control plan for APAC:

Adopt a strong risk-based approach. Analyze the results of the risk assessment campaign, key incidents, external enforcements, results of previous reviews, regulatory agenda and detect weak areas or process at risk. Narrow down the selection of priorities with the contribution of key compliance and business stakeholders across the region.

Deliver Compliance reviews as required by the annual control plan:

Manage end to end thematic/cyclical/desk review activities by:
o Performing review activities, including scoping, testing, issue clearance, reporting.
o Ensuring appropriate scoping of review activities to detect non-compliance and control deficiencies.
o Delivering work on schedule and in accordance with CTL standards and methodology.
o Escalating any risk/issue to the Regional Head of CTL on a timely basis, including where there is a risk of delayed implementation or work resistance from the relevant stakeholders.
o Producing draft reports to, and obtaining clearance from, the Regional Head of CTL prior to issuance and communication to the relevant business and Compliance stakeholders. 
o Managing distribution of the review report to the relevant stakeholders and the recording of the issues/actions/recommendations in the database.
o Complying with the CTL standards and methodology Provide periodic updates of the review status in weekly team meetings and update the team’s activity report on a monthly basis. Comment on key risks/issues identified and highlight any potential slippage, and/or provide justification for slippage, if the anticipated delivery schedule is not going to be met. Ensure timely tracking of CTL issues/action plans/recommendations and provide updated status in the recording database on a regular basis and escalate before overdue. Maintain adequate and accurate working papers to evidence the review execution and support issues/actions/recommendations.

Governance and reporting management:

Provide regular updates to key businesses and Compliance stakeholders on the progress of the review and the risks/issues identified during the review period (including proactively participating in business meetings and/or risk committees, if required). Attend regular meetings related to internal control framework to stay on top of the Bank’s evolution in permanent control system. Maintain updated knowledge of the business line organization as well as its strategic developments and key projects. Contribute to Global change management projects/ initiatives (new tools, methodology, offshoring, data analytics) and its implementation in the region. Forster continuous improvement and simplification of regional CTL tasks, templates and processes. Respond to requests from LOD3 and regulatory bodies.

Teamwork:

Collaborate and work with all staff involved in the execution of the reviews, providing support throughout the review life cycle (including the validation of the scoping document, the testing results, the validation/clearance of issues/actions/recommendations, and the issuance of the report). Support and share expertise on compliance and/or business specific knowledge/matters. Contribute to heighten awareness of major regulatory developments and its impact to the bank’s activities from a risk management perspective. Develop and maintain effective partnership and working relationships with relevant stakeholders at all levels of organization based on an understanding of their concerns, needs and motivations.

In addition to the minimum responsibilities, the following responsibilities are applied to the role:

Comply with all Risk and regulatory obligations where relevant Responsibility for ensuring that you are fully aware of and adhere to internal Policies that relate to you, your business or other businesses for which you have any level of responsibility. Responsibility for reading, understanding and complying with the Company's Conduct and Standards and corresponding regulations. You will be notified of changes to policies in a timely manner through announcements and/or intranet updates.

Level of Autonomy and Authority: 

The Associate of 2nd Level Control will have to manage autonomously the responsibilities set out in this job description. The Associate shall not make decisions which would have an impact on the delivery of the mission without referring to the Regional Head of the 2nd Level Control and the Regional Head of APAC Compliance and getting their approvals. The Associate shall escalate any high risk/issue or work resistance in the execution of the review without delay to the Regional Head of the 2nd Level Control. This role reports to the Regional Head of CPLE/CTL of APAC.

The CTL team is positioned as a second line of defense in the bank’s internal control framework and has a specific mandate within Compliance, with the objective to measure, test, detect and report the risk of non-compliance. The responsibilities of the Asia regional team include:

Collect and Analyse compliance risk indicators. Build a risk based yearly Control plan for APAC. Ability to understand local regulatory requirements within Asia Execute Compliance reviews covering Wholesale Banking activities within Asia. Deliver recommendations and action plan to enhance the global control framework.

Profile required

Relevant work experience in the financial services industry, internal audit/control testing, compliance background Experience in execution of projects/reviews with minimum supervision Demonstrated ability in strong communication, organizational, analytical and people skills Experience in analyzing large datasets, draw valid inferences and present them clearly to key stakeholders Have ability to work effectively with both local, regional and global stakeholders Fluent English: strong verbal and written communication skills, ability to articulate concisely technical matters.

Education / Qualifications:

University Graduate in Bank & Finance or Economics or Law Professional diploma or qualifications in Compliance (, ACAMS, AAMLP) and/or Audit (, CPA) preferred

Technical Knowledge:

Sound knowledge of regulations relating to financial services (SFC, HKMA, and MAS etc.) Good knowledge of Capital Markets and Investment Banking environment and associated products Ability to Analyse trends, identify critical threats and opportunities, diagnose problems and issues and then recommend appropriate actions dealing with the underlying root causes

General Competencies:

Work independently with the ability to make sensible decisions Strong report writing skills Analytical & problem-solving skills Presentation skills Time management skills Team player

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