Director, First Line of Defence AML Officer, Capital Markets

Hong Kong Island Permanent HK$1,600,000 - HK$2,000,000 per year
  • Join a fantastic performing team
  • International culture

About Our Client

They are a prestigious and well-known bank operating in North America, with a strong global presence. With a commitment to excellence and customer satisfaction, they offer a wide range of financial services and maintain a reputation for integrity and innovation. As part of their expansion plans in the APAC region, they are seeking a highly experienced and dynamic Director to lead their APAC 1st Line Anti-Money Laundering (AML) efforts, with a primary focus on their operations in Hong Kong.

Job Description

Reporting to the Headquarters in the US and as the Director of APAC 1st Line AML - Capital Markets, you will play a critical role in ensuring the bank's compliance with AML regulations and maintaining a robust AML program within the capital markets division. You will be responsible for overseeing and leading all aspects of AML activities within the first line of defense, collaborating closely with business leaders, compliance teams, and other stakeholders to mitigate AML risks effectively.

Responsibilities:



  1. Leadership and Strategy:
    • Develop and implement the strategic vision for the APAC 1st Line AML program, aligned with the bank's overall AML objectives.
    • Provide leadership and guidance to the APAC AML team, fostering a culture of compliance and continuous improvement.


  2. AML Program Management:
    • Oversee the implementation and maintenance of effective AML policies, procedures, and controls within the capital markets division, ensuring compliance with local and global regulatory requirements.
    • Conduct regular risk assessments to identify and mitigate potential AML risks, keeping abreast of industry best practices and emerging trends.
    • Design and deliver AML training programs tailored to the needs of the capital markets team, ensuring a high level of awareness and understanding of AML requirements.


  3. Relationship Management and Collaboration:
    • Establish and maintain strong working relationships with key stakeholders, including senior management, regulators, and external partners.
    • Collaborate closely with compliance, legal, and risk teams to ensure timely resolution of AML-related issues and effective coordination of efforts.
    • Serve as a subject matter expert on AML matters, providing guidance and support to the capital markets team and other relevant departments.


  4. Regulatory Compliance:
    • Monitor changes in AML laws, regulations, and industry guidelines, and proactively adapt the bank's AML program to ensure ongoing compliance.
    • Prepare and submit regular AML reports to senior management and regulators, highlighting key findings, trends, and recommendations for improvement.

The Successful Applicant

Qualifications:

  • Bachelor's degree in finance, business, or a related field.
  • At least 10 years of experience in 1st Line type of role and/or AML compliance within the banking industry, with a focus on capital markets.
  • Strong knowledge of AML laws, regulations, and best practices, particularly in the APAC region, including Hong Kong.
  • Proven leadership skills, with experience managing and developing teams.
  • Excellent communication and interpersonal skills, with the ability to influence and collaborate effectively across all levels of the organization.
  • Analytical mindset and strong problem-solving abilities, with the capacity to make sound decisions under pressure.
  • Demonstrated ability to navigate complex regulatory environments and effectively manage relationships with regulators.
  • Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist) or equivalent are highly desirable.

What's on Offer

Great culture and team

Contact
Jeremy Lam
Quote job ref
JN-052024-6425725
Phone number
+852 2848 4711

Job summary

Function
Banking & Financial Services
Specialisation
Back Office - Operations
Industry
Financial Services
Location
Hong Kong Island
Job Type:
Permanent
Consultant name
Jeremy Lam
Consultant phone
+852 2848 4711
Job Reference
JN-052024-6425725

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.