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:

• Support change management initiatives and track milestones. Document project progress and escalate risks or delays;

• Engage in process optimization, collect, and analyze data for AML/CFT/fraud workflow reviews, monitor false positives, and highlight inefficiencies;

• Apply advanced analytics, machine learning, and AI techniques to develop innovative solutions for optimizing customer segmentation, scenario tuning, and automating regression testing;

• Assist in model validation, review and tuning of the bank AML/CFT TM systems of the bank, overseas branches and HK branch;

• Support vendor solution assessments by compiling evaluation criteria and documenting outcomes. Maintain records of reviews of vendor solutions;

• Assist in regulatory support and coordinate with regulators, auditors, and consultants to gather documentation and track outstanding issues;

• Organize logistics for training sessions on analytics tools and new processes. Compile feedback for continuous improvement;

• Prepare reports for senior management dashboards and reports in relation to project progress updates, risk summaries, and benefit realization;

• Oversee the incident management which involves developing and implementing policies, coordinating response activities, and continuously improving incident management processes;

• Propose, design, develop and implement strategic and analytics solutions in response to emerging risks;

• Assist in budgeting, collate departmental inputs, and support financial tracking with FCC/ CCG. Monitor expenditure against approved budgets and flag variances.

Requirements:

• Degree holder in Computer Science, Information Technology, Engineering, Statistics, Mathematics, Business Administration or related disciplines;
• Minimum 10 years’ solid experience in banking industry or data science is preferred;
• Prior experience in project management, financial business integration project is a definite advantage;
• Well versed of financial crime compliance related laws, regulations, guidelines and practices;
• Good understanding in banking products/services, operations and technical aspects of system platforms;
• Holder of HKMA ECF Fintech (Core Level) Certificate is preferred;
• Good command of written and spoken English and Chinese (including Putonghua).