Sanctions Compliance Manager, Payment Due Diligence

Bank of China (Hong Kong) Limited • Full Time • Hong Kong, Hong Kong, HK • 21h ago

Job No.: 499566
Employment Type: Full time
Departments: Financial Crime Compliance Department
Job Functions: Legal, Project Management, Policy Administration

Responsibilities:

Conducting payment (including on trade and other related activities) and customer name screening in compliance with international sanctions regimes and internal risk control requirements
Carrying out sanctions-related due diligence on customers and transactions where potential sanctions-related risk exposures are identified, and seeking clarification through Requests for Further Information (RFIs) where necessary
Following up with enquiries and RFIs from correspondent banks in cases of payment rejection, and carrying out sanctions look-back investigations where necessary
Assisting in the preparation of MIS reports for senior management and collaborating with relevant internal stakeholders to oversee and execute the Bank's sanctions compliance policy directives
Coordinating and participating in various sanctions compliance-related projects and initiatives, such as in the application of Artificial Intelligence and Machine Learning to daily screening processes

Requirements:

Bachelor's degree or higher in relevant disciplines;
2 years of experience in sanctions/ AML compliance or banking operations within financial institutions; Candidates with familiarity with industry best practices in sanctions compliance, including screening methodologies, alert adjudication processes, and regulatory reporting requirements are preferred
Candidates with the ability to work independently, and who are able to accomplish assigned tasks within tight deadlines are highly valued; Those demonstrating a willingness to learn and who exhibit an open-minded approach, as well as those possessing excellent communication and interpersonal skills are preferred
Candidates with a basic knowledge of international sanctions policies, regulatory requirements, banking operations, remittance, or trade financing;
Candidates with less experience may be considered for the role of Deputy/Assistant Sanctions Compliance Manager. The Bank offers meal allowance. Subsidies and training will be provided to help candidates attain relevant sanctions compliance professional qualifications.The Bank also offers supplementary welfare and benefits

If you are applying for in-scope position(s) under the Mandatory Reference Checking Scheme (i.e., A role carrying out regulated activities licensed by the IA, SFC & MPFA), you are required to undergo the Mandatory Reference Checking. Our responsible recruiter will inform you the details of the MRC process and the requirements in due course. For details, please click here.

We offer competitive remuneration package and comprehensive fringe benefits including medical and life insurance, and different types of allowances to the right candidate. Interested parties, please submit your application online. For details, please visit our website http://www.bochk.com

To apply: https://careers.pageuppeople.com/798/cw/en/job/499566/sanctions-compliance-manager-payment-due-diligence=11232

Data collected would be used for recruitment purposes only. It might also be disclosed to our subsidiaries or Associated Companies to process the information for appointment. Applicants who do not hear from us within 8 weeks may consider their application unsuccessful and their data will be destroyed within 12 months of receipt.

Similar Jobs

Manager, Compliance

Bank of Communications Co., Ltd. Hong Kong Branch • Full Time • Hong Kong, Hong Kong, HK • 21h ago

Professional Services Full Time

Advise the senior management and relevant business units on compliance related issues Provide support to business units in the development, implementation and regular review of products, policies and procedures to ensure...

21h ago

Apply

Assistant Manager to Senior Manager, Market Risk, Risk Management Department

Industrial and Commercial Bank of China (Asia) Limited • Full Time • Hong Kong, Hong Kong, HK • 21h ago

Professional Services Full Time

Counterparty Credit Risk Management FRM or CFA OTC derivatives products Job Responsibilities - Design, plan and implement the Counterparty Credit Risk Management Framework to ensure Counterparty Credit Risk in the Bank i...

21h ago

Apply

Assistant Manager to Senior Manager, Counterparty Risk, Risk Management Dept

Industrial and Commercial Bank of China (Asia) Limited • Full Time • Hong Kong, Hong Kong, HK • 21h ago

Professional Services Full Time

Counterparty Risk Risk Management OTC derivatives products Job Responsibilities Design, plan and implement the Counterparty Credit Risk Management Framework to ensure Counterparty Credit Risk in the Bank is adequately an...

21h ago

Apply

Assistant Manager to SM, Market Risk (Precious Metals Product), Risk Management

Industrial and Commercial Bank of China (Asia) Limited • Full Time • Hong Kong, Hong Kong, HK • 21h ago

Professional Services Full Time

Market Risk Management FRM or CFA Physical Precious Metals product Job Responsibilities - Design, plan and implement the Counterparty Credit Risk Management Framework to ensure Counterparty Credit Risk in the Bank is ade...

21h ago

Apply

(Deputy / Senior) Business Strategy Manager, Global Corporate Banking

Bank of China (Hong Kong) Limited • Full Time • Hong Kong, Hong Kong, HK • 21h ago

Professional Services Full Time

Job No. : 499978 Employment Type: Full time Departments : Global Corporate Banking Department Job Functions: Business Development, Strategic Planning, Product Development & Management, Relationship Management Respo...

21h ago

Apply

Assistant Manager to SM, Market Risk (Precious Metals Product), Risk Management

Industrial and Commercial Bank of China (Asia) Limited • Full Time • Hong Kong, Hong Kong, HK • 21h ago

Professional Services Full Time

21h ago

Apply

Compliance Associate - Asset Management Firm

Michael Page • Full Time • Central and Western District, Hong Kong, HK • 21h ago

Professional Services Full Time

The Compliance Associate will play a key role in ensuring regulatory adherence and supporting the legal & compliance department. Client Details Our client is a Chinese headquartered asset management firm in Hong Kong...

21h ago

Apply

Company Secretarial Assistant - Law Firm

Michael Page • Full Time • Central and Western District, Hong Kong, HK • 21h ago

Professional Services Full Time

We are hiring a junior Company Secretary to join an international law firm in Hong Kong. Client Details Our client is a UK headquartered law firm with a growing presence in Hong Kong. Description This role will report di...

21h ago

Apply

Manager / Assistant Manager, Legal and Compliance

Taipei Fubon Commercial Bank Co., Ltd • Full Time • Tsim Sha Tsui, Hong Kong, HK • 21h ago

Professional Services Full Time

Responsibilities: Ensure that the Bank’s Compliance Manual and all policies and procedures prepared by Legal and Compliance Department are kept up to date; Monitor the Bank's Wealth Management business / Global Banking /...

21h ago

Apply

Section Head, Policy and Advisory (AML)

Bank of Communications Co., Ltd. Hong Kong Branch • Full Time • Hong Kong, Hong Kong, HK • 21h ago

Professional Services Full Time

Lead a team to provide AML advisory to business stakeholders in daily operations (e.g. AML Risk Assessment or Sanction etc.) Advise senior management and relevant business units on AML/CFT issues Design the effective mec...

21h ago

Apply