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 Kong
Job Responsibilities:
• Oversee the tracking and coordination of internal FCC policies and procedures reviews to ensure alignment with the Bank’s internal standards and applicable regulatory requirements.
• Monitor FCC-related regulatory updates and industry guidance, assessing potential impacts on the Bank’s FCC frameworks.
• Coordinate timely responses to relevant regulatory reporting, requests, and enquiries, ensuring consistency among internal stakeholders.
• Oversee and review the data, evidence, and status updates gathered to ensure an accurate and straightforward view for effective FCC oversight; provide credible challenge and coaching where gaps are identified.
• Manage the preparation and compilation of regular and ad hoc FCC reports, metrics, and dashboards for management reporting.
• Review the agendas, materials, and minutes for FCC governance meetings and working groups, ensuring follow-up actions are assigned and tracked.
• Facilitate every step of internal/external reviews and audits, contributing to process improvements and remediation efforts.
• Collaborate across business units and functions to promote a strong FCC governance framework; influence stakeholders to prioritize relevant tasks.
• Proactively escalate emerging financial crime risks or compliance concerns to senior FCC management for guidance and remediation.
Proactively identify and drive process enhancements to strengthen FCC governance controls.
Requirements:
Degree holder in Banking, Corporate Governance, Business Administration or related disciplines
Minimum 8 years of working experience in banking, corporate governance and/or compliance experience preferably in a sizable financial institution and/or regulatory bodies
Expertise in regulations and practices relating to AML/CFT and AB&C; and have a good understanding on regulatory expectation
Familiar with compliance frameworks, governance practices, and risk management principles
Holder of Associate AML Professional (AAMLP) Certificate under the HKMA ECF on AML/CFT is preferred
Good command of written and spoken English and Chinese (including Putonghua)
China CITIC Bank International Limited (“CNCBI”), a major offshore platform of commercial banking business of the CITIC Group, is 75%-owned by CITIC International Financial Holdings Limited (“CIFH”), which in turn is a wholly-owned subsidiary of China CITIC Bank Corporation Limited (“CNCB”).
China CITIC Bank International’s footprint includes 21 branches, two business banking centres and one private banking centre in Hong Kong, as well as branches in the US, Singapore and Macau, China, while providing banking services on the Chinese Mainland through our wholly-owned subsidiaries.
Across a century, China CITIC Bank International has grown together with its employees, customers and partners since 1922 and will continue to move towards its vision of “Agile. Professional. Simple.” in adherence to the 4C (Culture, Customer, Collaboration, Cyberspace) core values while driving actively its missions to “create value for customers, seek happiness for employees, make profit for shareholders, perform responsibility for society”.
More information about China CITIC Bank International can be found on its website at www.cncbinternational.com.
