Join Financial Services Risk Management team and you will provide a highly integrated broad array of risk management services to capital market participants within global banking, capital markets, asset management and insurance. FSRM products and services include Anti-Money Laundering, Regulatory Compliance, Prudential Supervision, Bank Holding Company reporting, Credit Risk/ Capital Adequacy/ Liquidity Risk, Market Risk, Operational Risk, Enterprise Risk, Structured Finance and Quantitative Advisory Services.
With so many offerings, you have the opportunity to develop your career through a broad scope of engagements, mentoring and formal learning. That’s how we develop outstanding leaders who team to deliver on our promises to all of our stakeholders, and in so doing, play a critical role in building a better working world for our people, for our clients and for our communities. Sound interesting? Well this is just the beginning. Because whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.
Wide breadth of services of FSRM including, but not limited to: Undertake risk management advice, remediation and transformationConduct risk management framework design and operational effectivenessEnterprise risk and controls advisoryRegulation and compliance advisoryFinancial crimes, AML and sanctions advisoryProfessional risk support for advisory, internal and external audit servicesFuture operating modelsResponding to regulatory criticism and regulatory preparednessProviding guidance on current and emerging control practicesAdvising clients on risk culture, conduct and accountability regimes and practicesConduct important proactive assessments and assurance around the effectiveness of controls and company processes, while also providing objective advisory support
EY is seeking candidates for our Regulatory Compliance team within FSRM with experience in Private Banking.
Your key responsibilities
Lead EY projects with respect to: Substantive matters of current and emerging HKMA, SFC and global regulatory expectations regarding key private banking compliance issues such as client onboarding, investor protection, licensing, suitability, sales practices, new product processes, product development and diligence, client money, KYC (etc)Structure and function of private banking compliance roles and responsibilities and business modelsUse of technology and data including FinTech and regtech innovation with respect to private bankingAdvice and guidance on structuring approaches to emerging regulatory compliance or regulatory exam findingsRegulatory issue remediationRegulatory change management including planning and communication with regulatorsSupport ‘mock exam’ reviews, policy development and drafting Assistance with relationship management between regulators and financial institutionsCompliance Framework – understanding of core compliance functions: risk assessment, policy management, testing, monitoring and surveillance and reporting etcSupport the revision or formulation of new policies and controls aligned with regulatory and compliance guidelines and requirements
To qualify for the role you must have University degree majoring in accounting, information systems, business or legal related subjectsAround 6-8 years of solid experience in private banks or regulators or reputable international accounting/consulting firms with in-depth knowledge of regulatory compliance and risk management in Private Banking industry. Candidates with lesser experience will be considered at Senior Associate LevelRobust practical experience in private banks in the areas of internal controls, regulatory compliance, risk governance and operational knowledgeFamiliar with the regulatory environment of Hong Kong with experience in liaising with HKMA and SFCGood knowledge in banking and securities laws, rules and regulations and operations as well as different products and services offered by private banksGood command of both written and spoken English and Chinese. Proficient in Mandarin is preferredAbility to interact with executive levels of client and EY management Good influencing skills and stakeholder relationship management skills; Advanced conflict management/ resolution skills with Project coordination experienceStrong report-writing skills, with ability to create and organize varying forms of business information while developing it into cohesive, meaningful, professional reports and presentationsAbility to travel
What working at EY offers Support, coaching and feedback from some of the most engaging colleagues aroundOpportunities to develop new skills and progress your careerThe freedom and flexibility to handle your role in a way that’s right for you
If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.
Join us in building a better working world.
For further information, and to apply, please visit our website via the “Apply” button below.