Director, Financial Crime Compliance Asia-Pacific (BB-BCFC4)

Found in: Neuvoo HK


Job Description


Risk Management is led by Senior Executive Vice-President and Chief Risk Officer and is accountable on matters relating to the independent oversight of the management of risks inherent to CIBC’s activities. These risks include but are not limited to ensuring that effective processes are in place for the identification, management, measurement, monitoring and control of operational, reputation and legal, strategic, regulatory, market, credit, investment and liquidity risk, collectively “CIBC Risk”, incurred by CIBC’s retail and wholesale businesses, infrastructure and corporate governance groups.


Complementing the specific responsibilities below, the purpose of this role is to discharge the FCC Department’s mandate within the Asia-Pacific region. The Director of FCC, Asia-Pacific will lead the development and implementation of the FCC regulatory compliance program in Asia-Pacific, including providing independent oversight of regulatory compliance pertaining to FCC, assess the adequacy and effectiveness of the FCC regulatory compliance controls, the status of regulatory compliance and follow up with management on FCC compliance issues identified. The FCC function in Asia-Pacific must be pro- active and highly responsive in a business environment where decisions have to be made in stressful, time sensitive situations where information is often ambiguous and incomplete. The role is also expected to keep abreast of developments in an ever-changing regulatory environment and their impact on the business.

As a member of the FCC Department, the role has the authority to access CIBC’s records, information

and personnel in order to fulfill the responsibilities of this role.


  • To ensure that an effective FCC program is in place within CIBC Capital Markets – Asia-Pacific to identify regulatory requirements and develop, update and maintain the relevant FCC parts of the Compliance manual, guidelines, policies and procedures to satisfy those requirements, including developing and maintaining adequate anti-money laundering policies and training.
  • To update and manage CIBC Asia-Pacific’s policies and procedures for countering the risk that the firm might be used to further financial crime
  • To review draft legislation and/or policies to assess the impact on relevant Asia-Pacific businesses pertaining to FCC, keep CIBC Capital Markets - Asia-Pacific informed and advise them on appropriate changes to business models, practices, controls or processes required to comply.
  • To participate in business committees and working groups and provide subject matter expertise in regulatory issues and challenge with respect to FCC risk.
  • To monitor activities for FCC and escalate significant regulatory AML compliance issues or material incidents of non-compliance to senior management of CIBC Capital Markets – Asia-Pacific and the Head of Financial Crime Compliance, Europe & Asia-Pacific promptly including providing recommendations for corrective action.
  • To liaise with regulatory bodies (e.g., the Hong Kong Monetary Authority & The Monetary Authority of Singapore),where needed to ensure common understanding of regulatory requirements, what procedures need to be in place to adhere to them, as well as the resolution of non-compliance issues.
  • Manage the local regulatory regime for the following FCC topics: AML Transaction Monitoring Sanctions All aspects of KYC (including PEPs, CDD & EDD) Regulatory Reporting (where applicable) MI to senior management
  • To provide FCC advisory services in a pro-active manner to management and employees in the various business lines of CIBC Capital Markets – Asia-Pacific, including input and advice on strategy development, new products and services and other key decisions where a potential FCC risk could arise.
  • Provide induction training to new employees and additional regulatory training as and when required on FCC related topics.

  • Frequent pro-active contact with business and regional management to identify and discuss business and FCC issues and needs and to provide consistent and time-sensitive advice.
  • Represent Enterprise AML Group at the Asia-Pacific Internal Committees:
  • Regular contact with FCC partners across all regions, and with members of other internal control and Functional Groups, in order to promote a consistent approach and the development and execution of an effective and integrated control environment.

  • As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, guidelines and controls.

  • Strategic decisions driven by regional regulatory factors (e.g., structuring a product/service, responding to a significant regulatory inquiry or deciding litigation strategy, etc.)

  • Detailed knowledge of relevant Anti-Money Laundering regulations that impact the CIBC Group in Asia-Pacific;
  • Excellent and detailed knowledge of current Anti-Money Laundering standards and requirements for Hong Kong and Asia-Pacific markets;
  • Sound judgment and ability to independently interpret complex regulatory issues and to provide comprehensive guidance to businesses in a straightforward manner;
  • Well-developed interpersonal skills, with an ability to establish strong relationships in order to build trust amongst all stakeholders (both internally and externally);
  • Ability to work in a challenging environment while exhibiting poise under severe conditions;
  • Creative problem solving skills;
  • Strong attention to detail;
  • Effective and clear written and oral communication and presentation skills;
  • Be pro-active and possess strong time management skills in order to prioritize and work on multiple projects simultaneously and manage competing priorities;
  • Detailed knowledge of Anti-Money Laundering regulations locally, and general knowledge of global requirements applicable to CIBC in Asia-Pacific;
  • Ability to effectively challenge anyone, including senior management; and
  • Provide effective and cooperative liaison with regulators.

  • This role operates within a normal office environment with little exposure to adverse working conditions.
  • calendar_today4 days ago


    location_on Hong Kong

    work CIBC

    I expressly authorise the Terms and Conditions

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