Head of Compliance/MLRO Hong Kong

Who We Are   Moneycorp is a thriving dynamic business with an excellent reputation helping Corporate and Private Clients with their FX and International Payments requirements for over 40 years. As a globally expanding business, our footprint covers UK & Ireland, Europe, USA, Canada, Hong Kong, UAE, and Brazil!   With our extremely rare single IBAN multi-currency account, we are able to assist with a variety of different payment needs, including business payment solutions, personal payments abroad (for example buying a property), travel money, as well as the ability to offer interest on deposits. Supplementing this, we also support the global supply chain of wholesale banknotes through our Financial Institutions Group (FIG) and partnership with the US Federal Reserve Bank, to build deeper payment relationships with international banking customers.   It is through obtaining our own banking and payment licenses, the acquisition of two banking platforms and access to 16+ liquidity providers that we are able to proposition a trailblazing FinTech payment infrastructure that simplifies our customer’s diverse business needs and reduce their costs. There is no doubt that we are a major player and differentiated ourselves in a continuously evolving and competitive industry.  With 600+ employees, Moneycorp prides itself in attracting some of the world’s top talent and the people who work at Moneycorp are truly behind its continued success. As Moneycorp continues to expand into new territories, there are considerable opportunities for growth for newcomers and the learning possibilities are endless. We welcome you to be part of a team which has a passion for the business, all within a collaborative and supportive working environment that has ultimately translated to a unique exciting business. To find out more about our journey click here.    Who You Are / Your Next Challenge  We are looking for a Head of Compliance/MLRO to join our Compliance team on a full-time, permanent basis in our Hong Kong office. This position reports directly to the CEO and the Chief Risk and Compliance Officer (CRCO).  This role is essential as it serves as the local compliance leader, ensuring that our Hong Kong licensed entity operates in accordance with local regulatory expectations and adheres to Group policies.  As part of a centralised Compliance support team, the Head of Compliance/MLRO will assist the CRCO by reviewing operational and compliance processes. This position encompasses all aspects of compliance, including planning, reporting, and delivery. Additionally, it requires collaboration with other departments to ensure regulatory compliance and the development of policies that mitigate risks.    What we’re looking for: 

• Handle the onboarding and ongoing reviews for Hong Kong’s portfolio of customers in line with group procedures
• Support jurisdiction reviews for selected markets in Asia
• Execute TM workload, escalate and report locally and to Head Office as necessary
• Produce periodic TM reviews for local management record
• Keep local office abreast of Group AML/CFT policies, relevant updates to laws, sanctions, risks and concerns
• Update and enhance local policies, manuals, documentation as needed
• Supporting local staffs’ training in AML/CFT, including ensuring the completion of both Group and local regulator’s training requirements
• Overseeing local Compliance staff

  Candidate Profile This is a true business-partnering role, and the individual should have the ability to build strong relationships with key stakeholders and feel comfortable challenging norms and enabling change. The ability to exercise good judgement, determine the appropriate course of action and execute decisions in the face of imperfect information is vital.The successful candidate must be a highly resourceful team-player, with the ability to also be extremely effective independently.  Knowledge & Experience

• Strong knowledge of local AML rules
• Keeps up to date with the market

 Skills and Competencies

• Fluent in Mandarin, Cantonese and English
• Self-motivated
• Able to build effective professional relationships and collaborate with other areas of the business to a successful outcome
• Effective report writing at a level suitable for executive dissemination
• Able to work under pressure
• Excellent analytical skills with strong attention to detail.
• Highly capable, working with complex and geographically diverse stakeholders to drive execution.

 Personal Attributes:

• Curious and willing to learn / adapt.
• Respectful, professional and conscientious.
• Enjoys working in a fast-paced environment.
• Highly capable operating and executing independently, at times, and with larger multi-functional teams.
• Heavily driven to improve (self, team, process, company).

 The successful candidate will be part of a dynamic team and work in a fast-paced environment, catering to a diverse mix of stakeholders with varying needs. Therefore, the ideal candidate should be a self-starter, as there is an opportunity to make an immediate and tangible contribution to the business.     Please note: This is a permanent role within the Compliance team based in our Hong Kong office.      What you get in return:     This role offers a competitive salary, plus a benefits package including private medical health insurance. Interested?     If the role sounds like you, we invite you to upload a copy of your CV and can do this by clicking on the Apply Now button.     Start date: ASAP     For company news, announcements and market insights, visit our News Hub.     You can also find Moneycorp on Facebook, Twitter UK, Twitter Americas, Instagram, LinkedIn, where you can discover how we are leading the way in global payments and currency risk management.    Diversity and Inclusion     Moneycorp is proud to be an Equal Opportunity employer. Across our Group, Moneycorp maintains a philosophy that an inclusive company culture inspires creativity, fosters a sense of belonging, and is imperative to both personal and professional growth. With a makeup of 47 percent female employees, Moneycorp has a remarkably diverse workforce. Our commitment to inclusion and opportunity continues to evolve and improve as we listen and engage with our diverse teams.    All qualified applicants will receive consideration for employment without regard to age, colour, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, political affiliation, status as an individual with a physical or mental disability status as an individual with a protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations and ordinances.    Moneycorp believes that diversity is critical to our success in helping Corporate and Private Clients with their FX and International Payments requirements across the world and is committed to creating an inclusive, mutually respectful environment which celebrates diversity. We hire on the basis of talent, merit, competence, performance, and business needs.