Compliance and Risk Control Manager (Hong Kong)

base：HongKong

1. Design and implement a robust compliance and control framework to support the company's business compliance.

2. Collaborate with the board, legal, and business operations teams to identify and monitor AML/CTF compliance requirements.

3. Translate compliance obligations into practical procedures and processes and continuously improve them.

4. Assist in conducting internal training to enhance staff awareness of AML/CTF regulations and propose corrective actions when necessary.

5. Monitor internal compliance with policies and take corrective measures.

6. Regularly review and update the company's compliance framework and policies to ensure alignment with regulatory requirements.

7. Ensure the company's MSO license is valid and prepare for regulatory inspections.

8. Support the upgrade of the Order Management System (OMS) to enhance transaction monitoring and reporting capabilities.

9. Collaborate with the IT department to ensure adequate resources and technical support for compliance monitoring systems.

10. Evaluate and improve the company's online onboarding and transaction monitoring systems to ensure adherence to KYC/KYB standards.

11. Conduct Risk-Based Assessment (RBA) on MSO clients and review system alert parameters based on client risk profiling and payment categories.

12. Establish an internal compliance audit framework to oversee transaction monitoring processes and the competency of the compliance team.

13. Enhance sanctions screening for UBO and PEP identification and implement measures for SOW/SOF identification.

14. Guide the EDD process for medium to high-risk clients, apply practical screening measures to detect suspicious transactions, and assist MLRO in reporting to theFinancial Intelligence Unit (JFIU) when necessary.

15. Review customer and payment service provider contract terms to ensure they meet the AML obligations of the MSO.

16. Arrange internal AML training and Q&A sessions and recommend external AML training as required by regulators or third-party consultants.

17. Maintain MSO qualifications, liaise with local and international regulators, handle statutory filings, and address critical AML issues.

18. Establish an internal monitoring system to review transaction and cash flow reports for signs of money laundering.

19. Review internal disclosures and exception reports and determine the necessity to report to JFIU.

20. Maintain records related to internal reviews and provide guidance on avoiding "tipping off."

21. Implement the company's AML/CTF training program to keep all staff informed of their obligations and personal liabilities regarding AML/CTF.