Vice President - Compliance - APAC - MESA Region - MoneyGram International - Hong Kong

Job description
JOB DESCRIPTION

ROLE PURPOSE:
The responsibilities of this position primarily include leading regional AML/CFT/Fraud compliance efforts in a highly regulated financial services environment; developing strategies for compliance risk management and designing and implementing internal controls, policies and procedures to assure compliance with applicable country laws, corporate standards and third party guidelines. This position is responsible for training and reporting compliance matters to the subsidiary boards. This position will oversee a multicultural, multinational, staff in the areas of local program development, regulatory outreach, agent oversight, new product and business support and compliance investigations throughout the Asia Pacific, Middle East and South Asia Region.

KEY ACCOUNTABILITIES:
Develop and manage, through a team of compliance specialists, the implementation of a comprehensive anti-money laundering and compliance programme for MoneyGram’s business throughout the Region.
Manage the compliance teams located across multiple jurisdictions. Ensure professional, well led and well-motivated teams are developed/continue to develop and that skills and potential are maximised to the full and that that all compliance objectives are met.
Ensure that roles and responsibilities are clearly defined and clear objectives and priorities are set in line with corporate goals. Will ensure that a ‘right first time and delivery to outcome and deadline’ culture is created and maintained within the team.
Execute strategies and hold direct reports accountable for mitigating exposure and increasing agent due diligence
Create and implement a strategy for effective regional compliance and ensure program is kept maintained and relevant.
This strategy must include:
Developing strategies for compliance risk management
Maintain and enhance MGI’s agent risk matrix
Designing and implementing internal controls
Policies and procedures to assure compliance with applicable country laws
Corporate standards and third party guidelines
Training and reporting compliance matters to the subsidiary boards
Serve as a regional subject matter expert for the organization, as well as on a variety of projects related to new products and services.
Keep abreast of important and relevant AML issues, laws and regulations that impact the business.
Identify trends and opportunities to further improve the company's AML compliance program; partner with other AML Management.
Establish and maintain close working relationships with industry experts, regulators and law enforcement officials to understand current expectations.

SCOPE/CONTEXT:
Reports to the Senior Vice President, Chief Compliance Officer.
Will collaborate closely with senior management in the region as well in the US, and external regulatory bodies.
Manages a team of compliance personnel across the region.
Some travelling will be required in APAC MESA and the US.

Desired Skills and Experience
QUALIFICATIONS, SKILLS AND EXPERIENCE:

In depth working knowledge of The Payment Services Directive and EU’s Third money laundering directive, Financial Action Task Force Standards for MSB’s and experience in adapting and implementing US requirements under the Bank Secrecy Act, PATRIOT Act and Office of Foreign Assets Control abroad.
EU regulatory and compliance/risk management experience: Ideal candidate will have established professional regulatory relationships with central banks, industry groups and local FIU’s throughout Asia Pacific the Middle East and South Asia.
Will have solid experience of operating at a similar level of seniority within a regulatory/compliance/risk environment within the financial services industry, which will have included an international remit at some stage.
Degree-educated with a recognised AML, Risk, Fraud and/or Compliance qualification.
Experience will have included: the development and implementation of compliance programs, systems and procedures; communication with external regulators and law enforcement agencies; management of a team, including the recruitment, direction, development and resolution of any performance issues.
Detailed knowledge of national and international AML trends, typologies and best practice. Must be able to demonstrate a sound understanding of current and emerging national and regional legislation affecting our business.
Proven track record demonstrating increasing compliance responsibilities, scope of function and responsibilities
Proven experience and ability to operate multi-nationally with regulators, law enforcement, business partners, and agents.
Outstanding leadership experience with proven ability to build teams; set clear expectations and manage performance. Will have had prior experience of recruiting, managing, developing and directing a team, ensuring resolution of any performance issues and a delivery to outcome ethos is maintained.
Track record of championing new initiatives within and beyond the scope of own job, stimulating others to make changes and improvements, directing change while maintaining operating effectiveness, and setting up the needed systems and structures to support changes
Resourceful, detail oriented, methodical, demonstrates time management skills.
Demonstrated ability to work independently, set priorities, meet deadlines and manage multiple projects.
Excellent communication skills, both oral and written. Ability to produce high quality written correspondence.
Excellent customer service skills, ability to resolve customer complaints and problems, ability to interact with agents and customers from various cultures and backgrounds.
Proficiency in English is essential. Other regional specific languages would be extremely advantageous.
Ability to commit to and demonstrate the Corporate Values: Respect, Courage, Passion, Integrity and Teamwork

Enter your email address:

Refer This Job To Your Friends And Help Them To Find Jobs!