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:

China Hong Kong

Job Responsibilities:

• Responsible for the identification, assessment, measurement, mitigation and monitoring of operational risk in the assigned areas/portfolio. • Partner with business line managers to continually conduct root cause analysis and establish the risk and control management framework where appropriate to improve our control processes and business operating models. • Participate where appropriate in the development of an annual internal control plan, including regular/ad-hoc/thematic testing. • Proactively liaise with relevant departments to complete review of Risk and Control Self-Assessment (RCSA) to identify key operational risks and effective mitigation actions/ measures. • Review incidents and customer complaints with regulatory and compliance concerns; ensuring completion of root cause analysis and corrective/preventive actions by relevant parties. • Assist the department/ team head in risk and control related matters, e.g. : - Monitor operational loss and KRIs - Monitor timely completion of the PBG governance or policies and post-launch reviews Drive achievement of balanced scorecard KPIs related to risk management and regulatory compliance • Maintain appropriate and orderly records and providing information to facilitate management reporting and analysis. • Promote risk and control awareness e.g. training. Work with various training teams in the bank to modify training contents and approaches as appropriate to enhance compliance and control quality. When appropriate, lead development of new training program, and be the trainer. • Coordinate and assure proper execution of the assigned ORMC, bank/PBG-wide risk & compliance initiatives. • Facilitate and support BORF and Compliance Committee meeting. • Provide coaching and guidance to junior staff in the team. • Ensure compliance of anti-money laundering policy and relevant procedures. • Provide management oversight and develop/maintain a strong compliance culture regarding regulatory and compliance matters as well as anti-money laundering and counter terrorist financing control activities. • Fosters an extensive and diverse internal network to exchange ideas focused on achieving long-term business objectives; and act as a facilitator to create win-win situation.

Requirements:

• Degree holder in Business Administration or related discipline is preferred.

• Minimum 8-10 years of experience related to retail banking operational risk management, or relevant compliance or audit experience, preferably with in-depth knowledge of general banking products/business practices and regulated banking activities.

• Possession of risk and control knowledge/ experience in Private Banking, Business Banking business is an advantage.

• Good understanding and knowledge of business operational risk and internal control principles; ability to assess risk trends.

• Solid knowledge of the external environment; regulatory (e.g Basel, HKMA, SFC, HKAB, FATCA..etc), approach by competitors etc.

• Preferably possess / obtain Core or Professional level of qualification under the HKMA Enhanced Competency Framework (ECF) on Operational Risk Management (ORM).

• With business acumen, logical mindset, good interpersonal and communication skills.

• Proficiency in MS applications, including Excel, Word and Power Point.