BlackRock - Compliance Hong Kong - Vice President

  • Competitive
  • Hong Kong
  • Permanent, Full time
  • BlackRock
  • 27 Sep 16

BlackRock - Compliance Hong Kong - Vice President

Role Description:

This is a role based in Hong Kong that will require the individual to provide compliance support and advice, as well as review and evaluate any potential compliance issues/concerns within the organization - with a specific focus on Risks & Controls (including Risk Assessments, Thematic Reviews and Transactional Monitoring) and general Corporate Compliance (including Core Compliance, Licensing and Policies & Procedures,)

The role will be responsible for coverage of all Hong Kong related Risks and Controls and Corporate Compliance issues and work closely with the APAC Lead for Risk & Controls and Corporate Compliance to support regional issues and projects across APAC in these areas.

The candidate will be based in Hong Kong and have a reporting line into the APAC Lead for Risk & Controls and Corporate Compliance and the Head of Compliance, Hong Kong.

Key Responsibilities:

  • Provide advice and guidance on regulatory/compliance issues in relation to BlackRock's Risks & Controls and Corporate Compliance Framework, for all relevant business stakeholders in Hong Kong and in APAC.
  • Responsible for reviewing internal processes, procedures and controls to compliance with the applicable regulatory requirements and internal standards.
  • Liaise with regulators in Hong Kong and handle all relevant regulatory enquiries and reporting.
  • Analyse the impact of new laws and regulatory requirements and perform assessment of the implications on the R&C and Corporate Compliance Framework
  • Participate in global and/or regional compliance initiatives and projects as necessary and work with the compliance colleagues from other BlackRock offices to ensure global best practice and consistency wherever possible.
  • Provide compliance training on compliance issues; and prepare, review and update the relevant training materials.
  • Determine if policies, procedures and controls of the relevant areas are adequate, effective and in compliance with regulatory requirements and meet global standards.
  • Implement necessary internal control, including:
    • Identify risks, potential concerns and control issues;
    • Determine the root cause of issues;
    • Provide best practice recommendations; and
    • Ensure that appropriate corrective actions are developed and implemented.
  • Liaise with other departments (e.g. Risk & Quantitative Analysis, Internal Audit department, etc.) and, whenever necessary, external auditors to ensure compliance in all aspects of the local business.
  • Assist the preparation of relevant reports for senior management (including Group Compliance) as required.
  • At least 6-8 years relevant working experience, of which at least 4 years in asset management compliance function. Previous experience in Hong Kong domiciled funds would be an advantage - but not mandatory
  • Understanding of (or ability to quickly learn) the regulatory environment in Hong Kong, in particular regulatory requirements in relation to funds/investment products and distribution imposed by the Securities and Futures Commission.
  • University degree in Law/Finance/Accounting/Business/Economics preferred.
  • Proficiency in written and spoken English. Chinese language skills advantageous but not mandatory.
  • Strong analytical and communication skills with ability to influence and lead.
  • Ability to lead projects with minimal supervision.
  • Excellent time management and organizational skills.
  • Teamwork skills - the candidate must be proactive, flexible in his/her work style and be able to work appropriately with stakeholders and colleagues at all levels.