Job Description: About Bank of America Merrill Lynch: Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.
Connecting Asia Pacific to the World Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies.
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.
Job Description and Responsibilities The Country Compliance Manager is responsible for ensuring the identification, escalation and timely mitigation of compliance risks in the country. The 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.
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.
Creating compliance training coverage plans to address local needs.
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 Country Compliance Manager ensures that any inquiries and exams by regulators in the country are appropriately managed by the relevant Compliance Officers. The 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 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.
Key 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.
Bank of America Merrill Lynch is an equal opportunities employer.