Job Description
The company is recruiting a Local Compliance Officer to oversee the compliance framework for a fintech digital wallet product operating across the Hong Kong MSO, Canadian MSB, and Hong Kong Card Issuer entities. They are looking for an experienced individual to maintain effective AML/CFT, regulatory compliance, customer due diligence, transaction monitoring, reporting, and policy governance standards, while ensuring international fiat and crypto compliance best practices are continuously integrated into the product and operations.
Expectations
- Serve as a key compliance contact reporting to group senior management or a director.
- Permanently reside in Hong Kong, support a hybrid working arrangement based on remote work and attendance at the Hong Kong office when required.
- Participate in and assist with the Hong Kong MSO license application process, including preparation, coordination, and regulatory engagement with C&ED as required.
- Work collaboratively with risk, anti-fraud, legal, compliance, and other relevant departments to maintain an effective operational compliance framework.
- Apply sound judgment and senior-level compliance oversight across Hong Kong, Canada, and Hong Kong Card Issuer requirements.
- Keep up to date with regulatory changes and evolving international compliance expectations, including fiat and crypto AML standards.
Requirements
- Absence of a criminal record.
- Availability and legal permission to work in Hong Kong.
- Degree in Finance, Business, Law, Accounting, or a related field.
- Fluency in English, both written and spoken.
- Experience in risk management, compliance monitoring, customer due diligence, transaction monitoring, regulatory reporting, and management.
- At least 5 years of relevant professional experience in payments, banking, financial services, fintech, compliance, or AML.
- Strong knowledge of Hong Kong AML/CFT requirements and understanding of MSO business operations.
- Willing and able to support the Hong Kong MSO license application process and, where nominated, attend and pass the Competence Assessment.
- Experience with STR, LCTR, and LVCTR filings, as well as use of blockchain analytics tools.
- Up-to-date fiat and crypto AML certifications, such as ACAMS CAMS, CCAS, or HKIB CAMLP; ICA Certificate or ACAMS CGSS certification is preferred.
- Good communication skills and ability to work with senior management, regulators, payment providers, and internal stakeholders.
- Preferably experience working with organizations holding Visa or Mastercard Principal Membership, or managing projects directly with Visa or Mastercard (not mandatory).
Duties
- Monitor compliance with Hong Kong AML/CFT requirements, Canada PCMLTFA requirements, and applicable Hong Kong Card Issuer obligations.
- Participate in and assist with the Hong Kong MSO license application process, including preparation of application materials, coordination of information and supporting documents, responding to C&ED enquiries, attending interviews with C&ED officers where required, and attending and passing the Competence Assessment if nominated by the company.
- Oversee and manage regulatory compliance, enterprise-wide risk assessments, customer due diligence, enhanced due diligence, periodic customer reviews, and transaction monitoring procedures.
- Set standards for group transaction monitoring and work directly with the compliance team on alert reviews, escalations, and record keeping if needed.
- Ensure compliance with the Travel Rule, including requirements relevant to crypto operations.
- Collaborate with risk, anti-fraud, legal, and other departments to manage daily compliance activities including alert handling, transaction monitoring, CDD, EDD, and related operational controls.
- Oversee operational methodology and quality assurance for compliance activities, and participate in weekly client-analysis meetings.
- Review regulatory changes across relevant jurisdictions and ensure policies, procedures, and enterprise-wide risk assessments remain current.
- Oversee monthly compliance management reporting, internal compliance reporting, compliance reviews, and regulatory correspondence.
- File suspicious transaction reports with relevant authorities, including JFIU and FINTRAC, and respond to regulator requests from C&ED, HKMA, FINTRAC, and other applicable regulators.
- Maintain AML/CFT policies, conduct compliance training, complete compliance questionnaires such as Wolfsberg questionnaires, and support continuous improvement of the compliance program.
- Overseeing AML/CFT regulatory compliance for international market expansion and local payment provider onboarding across key international markets including China, Turkey, Brazil, South Africa, Egypt, Vietnam, Saudi Arabia, Colombia, UAE, Israel, Philippines, Nigeria, Argentina, Thailand, Indonesia.
Job Tags
Full time, Part time, Work at office, Local area, Remote work, Work visa