Fixed Income Compliance - Vice President

This role is based in Hong Kong and reports to the Deputy Head of Asia Sales & Trading Compliance and Asia Pacific Compliance Head for the Fixed Income Division (FID). Headquartered in Hong Kong, Asia FID operates in seven jurisdictions in the region conducting sales and trading activities in foreign exchange, interest rate, credit and commodity products. The FID Compliance team provides advice, guidance and challenge to the Asia FID business and its support staff and assists them in complying with relevant rules, regulations and codes.

The role holder will work with and support other, more experienced team members, to support the Asia FID business.

As the Asia FID business has a strong focus on Mainland China, fluency in Mandarin is desired.

Primary Responsibilities:

• Advice and Interpretation: Provide oral and written general and transactional advice to FID on interpretation an application of compliance policies and procedures, relevant rules and regulations. Participate in the New Product Approval process for relevant business areas, providing compliance advice and sign off on transactions.
• Business Engagement: Proactively engage with FID desks providing them with regulatory advice, appropriate management information and compliance support with respect to the regulatory aspects of the business they operate.
• Implementation of New Policies and Procedures: Assist in the creation and implementation of new policies and procedures or, as appropriate, the update of existing policies and procedures in response to, or in anticipation of, relevant rule changes, new legislation, industry guidance and/or evolving business.
• Strategic Projects and Initiatives: Participate in strategic projects and initiatives with other regional and global legal and compliance professionals relating to FID and/or the broader Institutional Securities Group businesses.
• Training: Design and deliver training for FID on a broad array of relevant Compliance and regulatory topics.
• Compliance Reviews: Advise the monitoring and testing team to guide their reviews of FID businesses, including risk identification, review / test check design and resolution of action items.
• Compliance Surveillance: Work closely with the surveillance team to advise on FID trade surveillance needs and assist in handling escalation events.
• Regulatory and Client Enquiries: Assist with enquiries from regulatory authorities and clients and liaise with legal and compliance professionals and other support areas of the Firm on these matters.
• Regulatory Audits: Assist in the co-ordination of regulatory audits and visits and follow-up on findings as necessary.

• An understanding of relevant products, i.e., foreign exchange, interest rate, credit and/or commodities, as well as Sales & Trading practices.
• Relevant work experience in the financial services industry, preferably working with Sales & Trading businesses and/or in Compliance or with a regulator.
• Knowledge of Asian markets and regulatory regimes, in particular the Hong Kong and Mainland China regulatory environments.
• Team player
• Ability to effectively review and analyse data/scenarios and apply judgment to identify risks and resolve issues in a timely manner.
• Good communication skills to effectively interact and influence internal stakeholders.
• Fluency in English and Mandarin.
• Strong analytical skills, detail oriented.
• Proficient in time management and able to initiate and manage own tasks.
• An understanding of foreign investor access regimes for Mainland China, such as: China Qualified Foreign Investor (QFI); China Interbank Bond Market (CIBM) Direct and Bond Connect regimes, would be advantageous but not essential.