Vice President, Regional Financial Crime Manager (APAC)

  • Competitive
  • Hong Kong
  • Permanent, Full time
  • Societe Generale
  • 23 Apr 17

Vice President, Regional Financial Crime Manager (APAC)


Environment

SG CIB is the Corporate and Investment Banking arm of the Société Générale Group. Present in over 50 countries across Europe, the Americas and Asia. SG CIB provides corporate, financial institutions, investors and public sector clients with value-added integrated financial solutions.

Mission

The Regional Financial Crime Manager has responsibility for the region in assisting the Regional Head of Financial Crime Unit (FCU) in maintaining Societe Generale (SG)'s Group FCU Policy standards (i.e. AML, KYC, Sanctions, Anti-Bribery Act, etc); ensuring SG Group remains regulatory compliant in all FCU related matters.

The successful candidate is expected to help implement FCU policies and procedures, keep senior management informed of financial crime related matters and risks, provide expert advice and propose solutions to Business Lines, their responctive compliance teams, and support functions on a day-to-day basis, provide training to relevant internal staff where necessary, be proactive in managing change on internal process and procedures, and participate and provide feedback in industry wide reviews driven by regulators or the various industry groups in order to enhance the overall financial crime risk management framework of SG Hong Kong.

Main responsibilities

  • Report to and work with Regional Head of FCU to support senior management (including both local and Group level) in discharging their AML obligations, including but not limited to


- Management reporting

- Timely escalation of risks associated with financial crime / reputational matters, and

- On-going review of the adequacy and effectiveness of the firm's financial crime control framework.
  • Active engagement with Group Compliance on policy development and implementation to ensure SGHK is compliant with both French and Hong Kong regulatory requirements while taking various business and operations needs into consideration. Proactively address and oversee closure of any policy and implementation gaps.
  • Liaison with KYC Team, Business Lines, Credit/Risk and other relevant departments on the KYC process, i.e. ensure relevant policies and procedures are adhered to, required approval(s) are obtained, risks identified are mitigated and/or escalated and resolved in a timely manner, offer practical solutions and provide Compliance sign-off where required.
  • Provide temporary waiver / exceptions on matters related to KYC documentation of new and existing clients. Ensure tracking of such waiver / exceptions to ensure matter is closed within the timeframe granted.
  • Timely clearance of AML/KYC related alerts, including but not limited to transaction monitoring alerts.
  • Support the Regional Head of FCU in handling financial crime related matters within the region such as information sharing with the regional Compliance teams as and when required.
  • Maintain a strong knowledge of financial crime related rules and regulations; ensure up-to-date knowledge on regulatory trends, market practices and standards.
  • Participate in ad-hoc projects as and when required.
  • Provide training for employees within the region as and when required.
  • The incumbent has significant day-to-day autonomy to determine how best to deliver the responsibilities set out above, within a global compliance advisory framework determined by the Global Head of Financial Crime Department and applied consistently around the world and across all areas of FCU Compliance.
  • By taking into consideration the risk appetite of SG, the post holder is accountable for the quality, appropriateness and timeliness of compliance advice given to the Business Lines, KYC team and other internal teams, and the outcome that arise as a result.
  • Internal and External Contacts (as necessary):
- Internal: Business Lines, KYC team, senior management of SGHK, other control and support functions, and Compliance management at Global GBIS and Group levels.
- External: Regulatory and exchange authorities as required, relevant external advisors (audit, consulting and legal firms), as well as trade associations and industry bodies.

Profile

Requirements

  • Willingness and ability to consistently encourage and facilitate strong team spirit, with frequent interaction and timely communication across all areas of the Compliance department.
  • Tertiary education in finance, legal or related disciplines.
  • At least 5 years directly relevant regional Compliance / AML experience within Financial Institutions, Banking or Securities industry.
  • Team management experience is advantageous.
  • Fluency in English and Cantonese, fluency in Mandarin is advantageous.
  • Strong working knowledge of global regulatory and financial services legislations as pertains to AML, KYC, Sanctions, ABC rules relevant to SG's business activities
  • Good understanding of relevant business activities of SG