Job Description: Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for its international businesses and is a long-established participant in Asia Pacific with a presence since 1947. With 23 offices in 12 geographies, covering nine currencies, more than a dozen languages and five time zones, the company offers an integrated and comprehensive set of products and services across Global Corporate & Investment Banking, Global Markets and Wealth Management, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise.
Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.
Job Description and Responsibilities The Senior Country Compliance Manager is responsible for ensuring the identification, escalation and timely mitigation of compliance risks in the country. The Senior Country Compliance Manager also ensures that any inquiries and examinations by regulators in the entity are appropriately managed by the relevant Compliance person. He/She will also maintain regulatory relationships and handle the necessary communication / submission in relation to regulatory breaches / investigations etc. He/She will escalate key issues to the appropriate level of management and will act as a delegate of the Greater China Country Compliance head in representing Hong Kong Compliance at governance committees / forums.
The Senior Country Compliance Manager is also responsible for:
Compliance risk assessments performed in the country and contributing to the risk assessment for the region
Country Compliance reporting, identifying and aggregating compliance risks/issues for the country.
Creation of compliance training coverage plans to address local needs.
Compliance monitoring occurring in the country.
Evaluation of internal audit results, regulator identified issues, monitoring & testing ("M&T") results and advising on remediation required in country.
Ensuring Compliance "owned" issues (i.e., Internal Audit, Regulator and Self Identified issues) are addressed appropriately and timely.
Contribution to the development of compliance monitoring &testing plans.
Execute governance and management routines.
Oversight of changes in local and regional regulation, including advising on those changes and directing the appropriate areas to implement or amend policies and procedures/processes to address change in regulations.
The Senior Country Compliance Manager ensures that any inquiries and exams by regulators in the country are appropriately managed by the relevant Compliance Officers. The Senior Country Compliance Manager escalates any key issues to the appropriate level of management.
Responsibilities for this role also include ensuring consistent quality of activities, processes and outputs by establishing effective review practices across teams.
The Senior Country Compliance Manager may be responsible for providing leadership direction, attracting, assessing, developing, motivating and retaining a successful team or serve as an individual contributor. This role may have Money Laundering Reporting Officer responsibilities.
Requirements Required Skills:
Minimum 7 years of relevant experience
The candidate needs to demonstrate good knowledge and experience in dealing with Hong Kong regulatory framework and have solid understanding of the local laws, rules and regulations.
The candidate needs to have the ability to work across different cultures and function effectively in a global and regional environment.
The candidate should possesses fluent English and Chinese (Cantonese) language skills.