CLIENT BACKGROUND
Our client is a prestigious Private Bank in the world. We are seeking an experienced and strategic leader to serve as the Head of Anti-Money Laundering (AML) for our private bank in Hong Kong. In this critical role, you will be responsible for overseeing all AML compliance activities and ensuring the bank maintains the highest standards of regulatory adherence.
JOB RESPONSIBILITY
- Develop, implement and maintain the bank's AML/CFT policies, procedures and controls to mitigate money laundering and terrorist financing risks
- Oversee the execution of comprehensive AML/CFT risk assessments, transaction monitoring, and customer due diligence processes
- Ensure timely and accurate reporting of suspicious activity and other regulatory filings
- Provide expert guidance and training to front-line staff on AML/CFT compliance requirements
- Liaise with regulators, auditors and other stakeholders on all AML-related matters
- Continuously monitor the AML regulatory landscape and implement changes to maintain compliance
- Manage and lead a team of AML compliance professionals
JOB REQUIREMENTS
- University degree, professional AML/CFT certification preferred
- Minimum 10 years of relevant experience in AML/CFT compliance, preferably within the private banking/wealth management sector, retail or corporate banking is also welcomed
- In-depth knowledge of Hong Kong AML/CFT regulations and industry best practices
- Demonstrated ability to develop and enhance AML compliance programs
- Strong analytical and problem-solving skills with attention to detail
- Excellent communication and stakeholder management capabilities
