Financial Crime Compliance

Permanent contract|Hong Kong|Compliance

Financial Crime Compliance

  • Hong Kong, Hong Kong
  • Permanent contract
  • Compliance


Maintenance and implementation of policies and procedures:

  • Pro-active engagement with Group Compliance on policy development and implementation to ensure SGHK are compliant with Group and local regulatory requirements;
  • Sound knowledge of local regulatory and compliance policy requirements; staying on top of regulatory developments and changes in order to update local policies and procedures;
  • Active contribution to both internal and external consultations and able to strike a pragmatic balance between regulatory compliance and business needs;
  • Anticipate potential risks / impact on business and operational processes; maintain constant dialogue with businesses and KYC operations to ensure smooth change management;
  • Lead the maintenance of policies and procedures to ensure they are up-to-date with Group and local requirements; obtain management approval of policy changes for implementation;
  • Lead relevant updates of Group systems governing KYC requirements.

Analysis of relevant information and KPIs and preparation for management reporting in various governance forums:

  • Collate and verify relevant information and data from various sources in order to formulate KPIs and key information for inclusion in various Group, regional and local committees;
  • Analyze information and KPIs in order to identify trends, anticipate key risk areas and regulatory developments for management awareness and/or decision making;
  • Produce effective meeting materials for presentation in the various committees

Development and provision of training programs:

  • Identify training needs by taking into consideration external regulatory developments and internal changes to ensure adequate level of knowledge, understanding and awareness of obligations across internal stakeholders;
  • Produce training materials and provide training to identified staff population;
  • Proactive liaison with Group training team on overall maintenance of training programs;
  • Track and report training attendance and escalate non-completion for further actions.

Preparation, analysis and submission of regulatory reporting:

  • Collate and verify required information and data from various sources in response to reporting requests from regulators (mainly HKMA and SFC) and industry associations (mainly HKAB);
  • Analyze results to anticipate potential follow ups for the awareness of management;
  • Submission of reporting upon approval from relevant internal stakeholders.

Contribution to global / regional / local initiatives, projects as well as internal and external audit missions:

  • Active participation in relevant initiatives and projects by liaising with global, regional and local stakeholders; anticipate impact; address needs and offer viable and sustainable solutions;
  • Active involvement in both internal and external audit missions, from preparation, collation of requested information, regular management update, provision of responses, discussion of remedial actions to closure of such actions relevant to the FCU team.
  • The post holder has significant day-to-day autonomy to determine how best to deliver the responsibilities set out above, within a global financial crime compliance framework determined by Group 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 Line, KYC team and other internal teams, and the outcome that arise as a result.
  • Internally, primarily APAC FCU colleagues, but additionally business line, KYC team, other control and support functions, and Compliance management at both local, regional and Group levels
  • Externally, regulatory and exchange authorities as required, relevant external advisors (audit, consulting and legal firms), and trade associations and industry bodies
  • Frequency of contact: as necessary

Profile required

Profile Requirements:

  • Graduate level with finance / legal or other professional qualification is required
  • Minimum of 7 years in direct Banking/Securities Compliance/AML experience and preferably in a FI/Corporate banking environment regionally.
  • Preferably with previous experience in conducting financial crime compliance training and with sound knowledge on regulatory requirements. 
  • Fluent in English.  Putonghua is an advantage, but not a prerequisite
  • Strong working knowledge of global regulatory and financial services legislation as it pertains to AML and KYC, relevant to the SGHK businesses
  • Good understanding of Sanctions and Anti-Bribery & Corruption principles and regulatory framework
  • Good understanding of the business line activities
  • HKMA Enhanced Competency Framework (ECF) certification is preferred

Business insight

The position is within the Regional Financial Crime Unit (FCU), APAC which is located in Hong Kong.  The main objective is to ensure compliance with both Group and local regulatory and compliance requirements related to financial crime compliance, with strong focus on AML and KYC. 

The post holder is expected to be a subject matter expert to work independently on governance topics, mainly, (i) maintenance and implementation of policies and procedures, (ii) analysis of relevant information and KPIs and preparation for management reporting in various governance forums, (iii) development and provision of training programs, (iv) preparation, analysis and submission of regulatory reporting, and (v) contribution to global / regional / local initiatives, projects as well as internal and external audit missions. Above all, the post holder is expected to demonstrate compliance reflex with the ability to anticipate/identify risk as appropriate and communicate effectively to relevant stakeholders including local management team.

While the primary focus is on Hong Kong related businesses and activities, as part of the Regional FCU team, the post holder is expected to provide support and work closely with local Compliance teams in APAC.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 23000GAC
Entity: Societe Generale Hong Kong Branch
Starting date: immediate
Publication date: 2023/05/21