Head of Compliance/VTB Shanghai

  • competitive
  • 上海, 上海市, 中国
  • 5-7 年
  • VTB Capital
  • 2017-05-23

A branch of an international bank is seeking candidates for the Head of Compliance

Duties:
1.Develop and maintain Compliance Risk Management Policy and AML/CTF Policy, and coordinate all departments to implement;
2.Implement programs and rules of internal control for the purpose of AML/CTF, assume responsibility of AML/CTF Officer according to JSC VTB Bank AML/CTF Rules.
3.Promote compliance with laws, regulations or other regulatory requirements issued by local regulators (CBRC/PBOC/SAFE) as well as Russian regulatory requirements per instructions from VTB HO as the case may be;
4.Keep abreast of the developments of laws, regulations and other regulatory; requirements issued by local regulators; and perform advisory function from compliance perspective for all banking business portfolios;
5.Coordinate with relevant business functions to complete various ad hoc/emergency reports/surveys, self-assessment/checking as required by local regulators; Deliver the above-mentioned reports to local regulators; Act as coordinator during on-site inspections conducted by local regulators;
6.Collect and filter data reflecting potential compliance risk, including complaints; identify and assess the compliance risk of the Branch’s daily business activity, including assessing compliance risk in new outsourcing projects/initiatives; monitor the efficiency of compliance risks management at the Branch;
7.Update GM office on compliance risk management program, particular on:
a)Deficiencies & corrective actions on compliance risk management;
b)Compliance risk management and initiatives;
c)Regulatory requirements developments.
8.Develop Training Programs on the relevant laws, regulations and other new regulatory requirements; Submit compliance training materials to Compliance Control Department of HO for review and approval;
9.Be responsible for fraud case prevention task in the Branch, work out annual fraud case prevention plan and coordinate with its implementation. Report any event which may trigger operational risk or fraud case risk to Branch Management and Compliance Control Department of Head Office;
10.Review Suspicious Report filed by departments and assist them to take timely and appropriate reaction to the suspicious case;
11.Promote benign relationship between VTB SH with local regulators;
12.Cooperate with / report to HO including submission of compliance quarterly reports and Annual Action Plans of JSC VTB Bank Shanghai Branch Compliance to the HO Compliance Department, Emergency notification; engagement in SAS eGRC implementation project in the Branch;;
13.Identify and manage conflicts of interest including development and timely update of "Policy on the Settlement of Conflicts of Interest";
14.Develop and timely update of whistle-blowing policy, receive whistle-blowing information from staff member and investigate misconduct;

Requirements:
1. University degree in finance/legal or above with at least 5 years banking industry working experience, including 3 years in Compliance roles;
2.Having no negative record in banking industry of PRC and being able to qualify as a Head of Compliance in accordance with PRC law requirements;
3.Familiar with local regulatory requirements on banking business and products, a proven experience in advising on regulatory and products (such as derivatives, cross-border RMB) compliance monitoring is preferable;
4.Extensive knowledge of AML/CTF theories and practices;
5.Understanding of Regulator’s requirements for methodology of compliance risks assessments, monitoring and effectiveness evaluation;
6.Good analytical skills and communication skills in both English and Chinese;
7.Willing to work under pressure;
8.Mastery of Microsoft Office-Excel, Visio, PowerPoint and Word;
9.Experience in other banking roles such as Operations, Risk/Internal Control  or Accounting is preferable;
10.A good understanding of Russian culture is preferable.