As part of the Odyssey Group’s continued expansion, we are hiring a new Chief Compliance Officer (CCO) for the firm. The CCO will oversee the group’s compliance and risk operations and policies. The following is a summary of the role and responsibilities.
Responsibilities:
- Ensure that the firm complies with its own internal policies and procedures, and with all applicable legal and regulatory requirements (for example, the SFC’s Fund Manager Code of Conduct).
- Provide support and guidance to and have regular communication with the senior management to ensure that risks are adequately managed.
- Maintain sufficiently detailed compliance procedures and ensure the procedures are being enforced to give senior management reasonable assurance that the firm complies with all applicable requirements at all times.
- Liaise with and act as the principal point of contact for any applicable regulatory authorities, including regulatory returns and/or inspections.
- Act as the focal point for the oversight of all activities relating to the prevention and detection of money laundering and terrorist financing (AML/CTF).
- Develop, oversee, and continuously review AML/CTF systems to ensure they remain up-to-date and meet current statutory and regulatory requirements.
- Advise on regulatory updates from the respective regulator, manage internal compulsory compliance training, when applicable, for all licensed and support staff on SFC updates and procedures.
- Implementation of SFC updates and procedures.
- Maintain the internal Compliance Policy & Procedures Manual.
- Maintain all internal client forms to ensure they are in-line with the current regulations.
- Maintain the Compliance calendar (i.e., reporting to the regulators, annual returns for SFC, MAS, etc.)
- Manage reporting/notifications to the regulators.
- Circulate to relevant staff notices and circulars issued by the regulators and provide guidance to staff on these notices and circulars.
- Manage and maintain CPT training records of a licensed representative. (inclusive of identifying suitable courses to attend).
- Advice and provide control and procedures regarding ‘Personal Data Access Requests’ made by Clients.
- Regular report requirements and meetings with senior management.
- Attend Board meetings when required for strategic planning (advising on compliance).
- Attend Corporate Governance meetings when required.
- Advise and guide Advisers & Staff on Compliance matters to support the business.
- Handle all complaints maintain the complaints register, monitor & identify trends, root-causes, and/or identify areas of concerns. Satisfy senior management that staff can recognise a complaint and appropriately record them.
- Review of financial promotion, publications, invitations; including preparation.
- Managing compliance inspections by the regulator.
Money Laundering & Terrorist Financing:
- Guidance & advice on relevant legislation and obligations of access to Dow Jones – Factiva (Global Search Engine) DataBase Client Searches (e.g., PEP’s).
- Enhanced customer due diligence.
- AML STR reporting advice to the Financial Intelligence Unit “FIU.”
- AML training to be provided to ALL staff once per year and new recruits at their induction to OAML.
- Customer File Review/New Business Checks:
- All new business and transactions checked for Suitability – ‘Most Suitable Advice’ in accordance with regulatory requirements.
- Handle all complaints received so that complaints are investigated promptly, and findings reported back to the client with recommendations for a final Response.
- Maintain the Complaints Register, monitor & identify trends, root causes, and/or identify areas of concern across one or more individuals.
- Satisfy senior management that staff can recognise a complaint and appropriately record them.
- Identify lessons learned, both internally and externally.
- Training to be provided to ALL staff.
Licensing:
- Process all licensing application for, potentially responsible officers and representatives’ licenses; liaise with the regulatory, statutory, and other relevant bodies to ensure that licenses are issued in accordance with the regulator’s timeframe.
General Operations:
- Must possess the technical competence and experience necessary for the performance of their functions, including:
- Develop a deep understanding of the Firm and its operations and structure.
- Identify conflicts of interest and how they are reviewed and resolved.
- Develop a detailed knowledge of the firm’s clients and products.
- Have a deep understanding of the firm’s compliance and technology platforms.
- Have detailed knowledge of the firm’s policies and procedures and how they are applied and monitored.
- Understand the markets in which the firm operates.
- Insist that the client comes first and ensure the firm has a culture of doing the right thing by asking “should I” rather than “can I” do this.
- Have an appreciation for what they do not know and recognise when they are relying on the expertise of others.
Requirements and Qualifications:
- 5-8 years of experience in a similar CCO, with licensed entities within the financial services industry, independent asset management, or wealth management preferred.
- Experience with the following regulators or regulations: SFC (required), MAS (preferred), ASIC (preferred), CIB (required), HK Company & Trust license (preferred), Cayman AML (preferred) and CRS/FACTA (required).
- Strong management experience from Asset Management house/Investment bank/Brokerage firms.
- Extensive knowledge of liquid and ill-liquid investment products and strategies.
- Industry experience in the Asian private wealth industry required.
- Knowledge of global securities markets, with an emphasis on Asia.
- Strong interpersonal and communication skills, good team player, and ability to influence.
- Independent, professional, pro-active, and strong compliance experience and proven track record.
- Ability to work multi-task with creative problem-solving skills.
- Strong business acumen, a strong sense of commitment, mature, self-reliant, and able to work under pressure.
- Entrepreneurial drive and executive presence; trustworthy and discreet with the highest integrity, both personally and professionally.
- Exceptional written and verbal communication skills and presentation abilities.
- Proficiency in written and spoken English, Putonghua (preferred) and Cantonese (preferred).
- Degree or above in Law, compliance, or related disciplines.
- Proficiency in Microsoft Office applications and other IT skills is preferred.
- Ability to travel up to 25%.
Key Competencies:
- Commercial compliance mindset.
- Proactive and solutions orientated.
- Team player.
- Multi-disciplined.
- Investment Product expertise.
Benefits:
- Package commensurate with experience.
- Employee Share Option Plan.
- Flexible working arrangements.
- Generous paid time off.
Role Location:
- Hong Kong or Singapore.
Availability:
- The candidate needs to be in a position to start working at the firm in the next 1 to 2 months.
Contact:
If you would like to apply for the role, or have questions, contact us here.
The Odyssey Group Ltd is Asia’s leading international Alternative Asset Manager providing differentiated and bespoke investment solutions across multiple asset classes, including alternative credit, real estate, private equity, and hedge funds. The Firm’s primary focus is to seek out undervalued investment opportunities to co-invest with its clients.
The Odyssey team comprises over 40 experienced asset managers, lawyers, private bankers, trust & tax planning specialists and experienced investors, each with an average of 25 years of financial, execution and operational experience across the Asia Pacific, Europe, and North America.
This experience allows the Odyssey team broad regional industry expertise, insight into global macro and geopolitical trends, and a powerful network of global relationships.
When clients partner with the Odyssey Group of companies, they benefit from the breadth and depth of expertise with the entire firm working in unison to achieve a targeted outcome. Our innovative approach allows us to generate attractive investment returns within the context of a prudent and long term horizon.
Odyssey employs the highest quality people as partners in our business while pursuing the highest standards long-term and aligning our interests with our investment partners. It is our mantra to be the ‘trusted partner’ for our clients’ needs.