HK - Head of Compliance

Permanent employee, Full-time · Hong Kong

About the role
StashAway is looking for a Head of Compliance to be the Second Line of Defence and support the business in ensuring compliance with applicable laws, regulations and internal policies, and in mitigating all forms of risks.

Key Responsibilities:
  • Providing compliance and regulatory advisory on an ongoing basis including advice on existing and new Hong Kong banking regulations and relevant Securities and Futures Commission regulatory requirements.
  • Provide input to regulatory consultative papers and proposed rules/guidelines and amendments, and assist in complying with and implementing new applicable requirements – in particular, those related to the area of Foreign Exchange Administration Rules, Banking Secrecy, Outsourcing, Licensing, and Cross Border.
  • Develop, maintain and update Group Compliance policies and procedures including the creation of customised processes to meet local regulatory requirements for new markets (e.g. Hong Kong) and updates to align with changing regulatory developments.
  • Provide day-to-day advisory and support for StashAway Hong Kong and Group Compliance on regulatory developments.
  • Support Group Compliance to facilitate Internal and External Audits in Hong Kong.
  • Other aspects of the role include regulatory risk assessments, performing training and executing compliance testing (as needed).
  • Assist with regulatory management, including reviews and routine regulatory inquiries.
  • Undertake ad hoc compliance and risk management projects as required.
Day-to-Day Job Scope:
Execute Compliance activities for both Hong Kong and Singapore, including (but not limited to):

(1) Financial Crime Compliance (FCC)
  • Anti-Money Laundering / Counter-Terrorist Financing due diligence
  • (Customer Due Diligence, Enhanced Due Diligence, Suspicious Transaction Monitoring, Fraud Monitoring, etc.)
  • Perform Suspicious Transaction Reporting
  • Provide subject-matter-expertise on FCC processes, to drive quality control and improvement (e.g. Suspicious Transaction Monitoring logic, CDD automation, EDD integration with customer onboarding, etc.)
  • Support the annual/biennial Enterprise-Wide Risk Assessment for AML/CTF risks
(2) Regulatory Compliance (RC)
  • Manage the fulfilment of License requirements including subscriptions (e.g. in Singapore - MASNET, FIDReC, STROLLS) and associated fees
  • [If applicable] Manage the Appointment of Representative process including pre-screening due diligence, appointment notification to the regulator, changes in appointment status, associated Representative fees, etc.
  • Drive the Quarterly and Annual Regulatory Reporting in tandem with Finance Vendor (Maker) and Compliance Support Vendor (Checker) to complete submissions on a timely basis
(3) Risk Management
  • Outsourcing: Drive the Outsourcing Management process as the Outsourcing Champion including partnering with Vendor Owners to assess materiality, risk, and impact of outsourcing arrangements and ensure the update of vendor contracts to meet the requirements of Outsourcing regulations (e.g. in Singapore – the MAS Outsourcing Guidelines)
  • Conduct Risk: Support the governance of Representative misconduct and introducing activities etc.
  • Data Privacy & Protection: Support initiatives to ensure information security and the protection of confidential data under local regulations (e.g. in Singapore – Personal Data Protection Act)
  • TRM: Support initiatives as required by Technology Compliance to comply with tech-related regulations (e.g. in Singapore – the Technology Risk Management/TRM Guidelines)
  • Operational Risks: Collaborate with the Operations team in initiatives to support the Operational Risk Framework, including Business Continuity Management, record-keeping, and documentation retention, etc.
  • Support the annual/biennial Enterprise-Wide Risk Assessment for organization-wide risks
Requirements
  • Degree in Law, Finance, Accounting, Economics, Business Administration or other closely related professional qualifications.
  • Minimum 2 years working experience in Compliance in the past 7 years in the financial services industry of asset management company, securities company, or bank
    Otherwise, the alternative is:
    • 4 years of relevant experience in the past 7 years in the financial services industry of asset management company, securities company, or bank
  • Informed of relevant Securities and Futures Commission's regulations and related regional regulations.
  • Knowledge of fund and wealth management practices and rules in Hong Kong.
  • Sound knowledge and experience of AML/CTF regulations to provide subject-matter-expertise.
  • Excellent interpersonal and influencing skills, and multicultural awareness.
  • Strong analytical, problem solving, management and organisational skills.
  • Ability to demonstrate strong organisational skills, attention to detail, and adherence to strict deadlines in a highly regulated industry.
  • Ability to multi-task and adapt to changing and competing priorities in a startup environment.
  • Strong ability to communicate effectively in English and Cantonese (oral and writing).
  • Ability to work independently and pro-actively take ownership.
  • Ability to maintain an open mindset to learn.
About us
What We Do

StashAway is the faster way to reach your financial goals. As a digital wealth management platform, we design personalised portfolios and monthly investment plans based on your unique characteristics, and manage your portfolio with highly advanced investment strategies.

The company was founded in Singapore in 2016 with the ambition of expanding to other fast-growing Asia Pacific markets since 2018.

StashAway is led by its three founders, Michele Ferrario, former CEO of ZALORA Group; Freddy Lim, former Global Head of Derivatives Strategy of Nomura; and Nino Ulsamer, founder of several technology companies around the world.

Why We Do

We deliver sophisticated, personalized advice at a fraction of the cost of existing, basic solutions. Our advanced technology enables us to deliver to each investor a sophisticated investment strategy that was once only available to institutions and high net-worth individuals.

Traditional investment products charge between 1.25% and 5% in annual fees. At 0.2% to 0.8% in annual management fees, StashAway offers a convenient, digital user experience with personalised portfolios with no minimum balance, no restrictions for withdrawals, and real-person customer service. We encourage individuals of all net worths with portfolios of any size to build their wealth.


Who We Are

Supported by prominent advisors, the StashAway team is committed to providing investment advice and customer experience of the highest quality. Our team is made up of top-tier developers, designers, fund managers, creatives, and managers with diverse backgrounds from all over the world – currently representing Canada, China, France, Germany, India, Indonesia, Italy, Malaysia, Singapore, the United Kingdom, the United States, and Vietnam.

In Jul 2019, StashAway raised US$12 million through a Series B round led by Eight Roads Ventures, the proprietary investment arm of Fidelity International. Other backers include Asia Capital & Advisors, a private equity firm led by banking veteran Francis Rozario, who had previously participated in our pre-series A and Series A funding rounds in 2018.

We write our own rules, and do whatever it takes to build a substantial, meaningful product and service. We work hard, don’t cut corners, and love bonding over (lots of) food.

With regards to our culture, we want StashAway to (i) have a rewarding, diverse, radically candid and cooperative growth environment; (ii) where people work hard, take responsibilities and grow as individuals and as a team; (iii) embrace an open-minded meritocracy, and (iv) are ethical and compliant.
Your application
Thank you for considering a career at StashAway. Please fill out the following form. In case you are experiencing problems with the document upload, mail your documents to jointheteam@stashaway.com.

*** Applications without the required documents submitted will be regarded as incomplete ***

Required Documents

  • Résumé or Curriculum Vitae
  • Cover Letter

Optional Documents

  • Portfolio (if applicable)
  • Educational Transcript
  • Reference Letter

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