Regulatory and Compliance Officer (Hong Kong)

Responsibilities

The Compliance Officer will be responsible for ensuring strict adherence to the AMLO and guidelines from the Hong Kong Customs and Excise Department (C&ED). Key duties include:

• Developing and updating anti-money laundering (AML) and counter-terrorist financing (CFT) policies and procedures.
• Acting as the main advisor for staff on daily AML/CFT compliance and transaction approvals.
• Managing the renewal of the Money Service Operator (MSO) license and corporate detail changes with the C&ED.
• Preparing and submitting statutory reports, such as suspicious transaction reports (STRs), to the JFIU and financial reports to the C&ED.
• Conducting regular institutional risk assessments to identify and mitigate financial risks.
• Opening correspondent accounts for MSOs and conducting daily transaction monitoring.
• Checking client documents, opening client accounts, and communicating with clients for additional information.

Requirements

Candidates must meet the following criteria:

• A bachelor's degree in Law, Finance, Business Administration, or a related field.
• A minimum of 3-5 years of proven experience in a compliance/AML role within a licensed Hong Kong Money Service Operator (MSO).
• Practical experience in conducting AML/CFT checks, customer due diligence (CDD), and transaction monitoring.
• Solid experience in developing and implementing compliance programs.
• Proficiency in English and Cantonese is essential.
• In-depth knowledge of AML/CFT ordinances and cross-border reporting regulations is required.
• Certification such as a

  Certified Anti-Money Laundering Specialist (CAMS) or an equivalent international certification is preferred.