WeLab Bank - Manager, AML Compliance

About the role

WeLab Bank is seeking a dedicated and experienced Manager of AML Compliance to join our dynamic team in Quarry Bay, Hong Kong. This pivotal role involves overseeing the bank's anti-money laundering (AML) strategies and ensuring compliance with regulatory requirements. The ideal candidate will possess a strong background in compliance and risk management, coupled with a proactive approach to identifying and mitigating potential risks. As a key player in our compliance team, you will contribute to the development and implementation of effective AML policies and procedures, ensuring that WeLab Bank maintains its commitment to regulatory excellence.

Key facts

What you'll do

• Lead the development, implementation, and maintenance of the bank's AML compliance program, ensuring alignment with local and international regulations.
• Conduct comprehensive risk assessments to identify vulnerabilities and recommend appropriate mitigation strategies.
• Monitor and analyze transaction patterns to detect suspicious activities, ensuring timely reporting to relevant authorities.
• Collaborate with internal stakeholders to provide AML training and awareness programs, fostering a culture of compliance throughout the organization.
• Prepare and submit regulatory reports, ensuring accuracy and compliance with all reporting requirements.
• Stay abreast of changes in AML regulations and industry best practices, adapting the bank's policies and procedures accordingly.
• Liaise with regulatory bodies and auditors during examinations and audits, providing necessary documentation and responses.
• Develop and maintain effective relationships with law enforcement agencies and other financial institutions to enhance collaboration on AML initiatives.
• Oversee the investigation of potential AML breaches, ensuring thorough documentation and follow-up actions are taken.
• Utilize data analytics tools to enhance the effectiveness of AML monitoring and reporting processes.
• Prepare regular compliance reports for senior management and the board, highlighting key risks and compliance metrics.
• Participate in cross-functional projects to enhance the bank's overall risk management framework and compliance posture.

Requirements

• Bachelor's degree in finance, business administration, law, or a related field; a master's degree or relevant certification (e.g., CAMS, ICA) is preferred.
• Minimum of 5 years of experience in AML compliance or a related field within the banking or financial services industry.
• In-depth knowledge of AML regulations, guidelines, and best practices in Hong Kong and internationally.
• Proven experience in conducting risk assessments and developing compliance programs.
• Strong analytical skills with the ability to interpret complex data and identify trends.
• Excellent communication and interpersonal skills, with the ability to effectively engage with stakeholders at all levels.
• Detail-oriented with strong organizational skills and the ability to manage multiple priorities.
• Proficiency in compliance monitoring tools and data analytics software.
• Ability to work independently and as part of a team in a fast-paced environment.

Nice to have

• Experience with digital banking or fintech compliance challenges.
• Familiarity with emerging technologies and their impact on AML compliance.
• Multilingual abilities, particularly in Cantonese and Mandarin, are advantageous.
• Previous experience in a managerial role within compliance is a plus.

Skills & tools

• Proficient in compliance management systems and data analysis tools.
• Strong knowledge of regulatory reporting requirements and frameworks.
• Familiarity with transaction monitoring systems and risk assessment methodologies.
• Excellent problem-solving skills and the ability to think critically under pressure.

Practical notes

• This position is based in Quarry Bay, Hong Kong, and may require occasional travel for training or compliance-related events.
• The salary for this role is competitive and will be determined based on the candidate's experience and qualifications.
• WeLab Bank is committed to fostering a diverse and inclusive workplace. We encourage applications from all qualified individuals, including those who may require visa sponsorship.
• Interested candidates can apply through the WeLab career portal at [WeLab Bank Careers](https://welab.bamboohr.com/careers/869).

Join WeLab Bank and be part of a forward-thinking team that is dedicated to setting new standards in the banking industry. Your expertise in AML compliance will play a crucial role in safeguarding our institution and ensuring we meet our regulatory obligations.

About the company

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