Mandatory Reference Checking Scheme (“MRC”) for Hong Kong

The Mandatory Reference Checking Scheme is a framework to facilitate Authorized Institutions (“AIs”) to bilaterally obtain reference information during their recruitment process for certain positions, such that misconduct information in an individual’s previous employments can be provided to AIs to inform their employment decisions.

For information related to MRC Scheme, “Frequently Asked Questions for In Scope Individuals” is published by HKAB/Industry Guidelines (https://www.hkab.org.hk/en/home) or further information will be available upon request, if it is applicable to the position(s) applied.

Country of Location:

Job Responsibilities:

• Undertake investigations into any suspicious transactions or complaints reported or made by both internal and external customers in accordance with AML requirements

• Report suspicious cases to respective bodies including file STR and report JFIU in timely manner

• Liaise with regulators and law enforcement agency in relation to AML case enquiries

• Prepare regular compliance reports on AML related activities and undertake investigation on any suspicious transaction identified/reported

• Assist to prepare operation manual for the department and update AML transaction monitoring procedure on-going basis

• Assist Team Head to advise management on compliance issues and potential impact of regulatory trends and developments in FCC

• Provide coaching & training to junior investigators of the Team

• Assist Team Lead/ MLRO to conduct case quality assurance review for junior investigators

• Participate in system design, implementation and testing (UAT) as SME and UAT testers

• Assist to prepare management information (MI) for senior management

• Take up other assignments from time to time directed by the Team Head or the management of FCC

• Review the current AML compliance controls of the Bank and identify proper actions for improvement

• Perform regular tracking on all outstanding regulatory issues or findings yet to be solved or responded and make appropriate escalation accordingly

Requirements:

• Degree holder in Law, Business Administration or related disciplines.
• At least 5 years' legal, audit or compliance experience preferable in a sizable financial institution and/or regulatory bodies.
• Holder of Associate AML Professional (AAMLP) Certificate under the HKMA ECF on AML/CFT is preferred
• Good knowledge in banking laws, operations, products and services
• Knowledge of AML Compliance and relevant regulatory requirements
• Good command of written and spoken English and Chinese (including Putonghua)