Mandatory Reference Checking Scheme (“MRC”) for Hong Kong
The Mandatory Reference Checking Scheme is a framework to facilitate Authorized Institutions (“AIs”) to bilaterally obtain reference information during their recruitment process for certain positions, such that misconduct information in an individual’s previous employments can be provided to AIs to inform their employment decisions.
For information related to MRC Scheme, “Frequently Asked Questions for In Scope Individuals” is published by HKAB/Industry Guidelines (https://www.hkab.org.hk/en/home) or further information will be available upon request, if it is applicable to the position(s) applied.
Country of Location:
China Hong KongJob Responsibilities:
• Maintain Restricted List and Insider List
• Review and process wall crossing and conflict clearance requests
• Provide advice and training to various business units and support units of the Bank relating to Control Room matters and related compliance issues, including Information Barriers, operational and physical segregation between public and private functions, applicable rules and regulations, and Bank policies and procedures
• Assist in developing, implementing and updating Bank policies and procedures relating to Information Barriers, Insider Information, Conflicts of Interest, and Personal Account Dealing, and Outside Business Interest, and Gifts and Entertainment.
• Perform personal account dealing request clearance according to the Bank’s Policies and Procedures
• Pre-approve employee’s outside business interests and external employment to avoid conflict of interest issues
• Pre-approve gift & entertainment requests to ensure comply with Bank’s policies and procedures
• Perform monitoring and surveillance on personal account dealing, gifts and entertainment and outside business interests
• Prepare monthly report on personal account dealing and identify any breaches
• Perform communication surveillance to detect any misuse or leakage of material non-public information
• Take up other assignments from time to time as directed by the supervisor or the management of the Compliance Department
Requirements:
Degree holder in Law, Business Administration or related disciplines
Minimum 8 years of control room, personal account dealing, general audit or compliance experience preferable in a sizable financial institution and/or regulatory bodies
Holder of Associate Compliance Professional (ACOP) Certificate under the HKMA ECF on Compliance is preferred
Expertise in compliance regulations and practices and have good understanding on regulators’ expectation
Well-versed with the market trend and situation regarding compliance locally and worldwide
Good command of written and spoken English and Chinese (including Putonghua)