Compliance Officer

Job Summary

The company is a Hong Kong Money Service Operator (MSO) whose core product is a digital wallet platform.

The company is recruiting a Local Compliance Officer to oversee the compliance framework for a fintech digital wallet product operating across the Hong Kong MSO, Canadian MSB, and Hong Kong Card Issuer entities. They are looking for an experienced individual to set and oversee effective AML/CFT, regulatory compliance, customer due diligence, transaction monitoring, reporting, and policy governance standards, while ensuring international fiat and crypto compliance best practices are continuously integrated into the product and operations.

This is an oversight- and framework-level role, not an operational one. The Compliance Officer is responsible for ensuring the company has correct, up-to-date policies, standards, and methodologies, and acts as an expert advisor whom the company consults on compliance questions. Day-to-day execution of compliance tasks (alert handling, CDD/EDD checks, drafting of reports) is performed by the group’s compliance and operations teams, not by the Compliance Officer personally.

Expectations

• Serve as a key compliance contact reporting to group senior management or a director.
• Permanently reside in Hong Kong, support a hybrid working arrangement based on remote work and attendance at the Hong Kong office when required.
• Participate in and assist with the Hong Kong MSO license application process, including preparation, coordination, and regulatory engagement with C&ED as required.
• Work collaboratively with risk, anti-fraud, legal, compliance, and other relevant departments to design, set standards for, and oversee an effective operational compliance framework, with execution carried out by those departments.
• Apply sound judgment and senior-level compliance oversight across Hong Kong, Canada, and Hong Kong Card Issuer requirements.
• Keep up to date with regulatory changes and evolving international compliance expectations, including fiat and crypto AML standards, and advise the company on their implications.

Requirements

• Absence of a criminal record.
• Availability and legal permission to work in Hong Kong.
• Degree in Finance, Business, Law, Accounting, or a related field.
• Fluency in English, both written and spoken.
• Experience in risk management, compliance monitoring, customer due diligence, transaction monitoring, regulatory reporting, and management at a supervisory level.
• At least 5 years of relevant professional experience in payments, banking, financial services, fintech, compliance, or AML.
• Strong knowledge of Hong Kong AML/CFT requirements and understanding of MSO business operations.
• Willing and able to support the Hong Kong MSO license application process and, where nominated, attend and pass the Competence Assessment.
• Experience with STR, LCTR, and LVCTR filings, as well as use of blockchain analytics tools.
• Up-to-date fiat and crypto AML certifications, such as ACAMS CAMS, CCAS, or HKIB CAMLP; ICA Certificate or ACAMS CGSS certification is preferred.
• Good communication skills and ability to work with senior management, regulators, payment providers, and internal stakeholders.
• Preferably experience working with organizations holding Visa or Mastercard Principal Membership, or managing projects directly with Visa or Mastercard (not mandatory).

Duties

• Monitor compliance with Hong Kong AML/CFT requirements, Canada PCMLTFA requirements, and applicable Hong Kong Card Issuer obligations at the framework and policy level.
• Participate in and assist with the Hong Kong MSO license application process, including preparation of application materials, coordination of information and supporting documents, responding to C&ED enquiries, attending interviews with C&ED officers where required, and attending and passing the Competence Assessment if nominated by the company.
• Oversee regulatory compliance, enterprise-wide risk assessments, customer due diligence, enhanced due diligence, periodic customer reviews, and transaction monitoring procedures, which are executed by the compliance team.
• Set standards for group transaction monitoring and provide guidance to the compliance team on alert reviews, escalations, and record keeping; the officer does not personally handle alerts.
• Ensure compliance with the Travel Rule, including requirements relevant to crypto operations, through appropriate policies and controls.
• Collaborate with risk, anti-fraud, legal, and other departments in an advisory and oversight capacity regarding daily compliance activities (alert handling, transaction monitoring, CDD, EDD, and related operational controls); day-to-day execution remains with the respective teams.
• Oversee operational methodology and quality assurance for compliance activities, and participate in weekly client-analysis meetings in an advisory role.
• Review regulatory changes across relevant jurisdictions and ensure policies, procedures, and enterprise-wide risk assessments remain current.
• Oversee monthly compliance management reporting, internal compliance reporting, compliance reviews, and regulatory correspondence.
• Review and approve suspicious transaction reports prepared by the compliance team to relevant authorities, including JFIU and FINTRAC, and oversee responses to regulator requests from C&ED, HKMA, FINTRAC, and other applicable regulators.
• Develop, maintain, and keep current AML/CFT policies, oversee compliance training, review and sign off compliance questionnaires such as Wolfsberg questionnaires completed by the team, and support continuous improvement of the compliance program.
• Overseeing AML/CFT regulatory compliance for international market expansion and local payment provider onboarding across key international markets including China, Turkey, Brazil, South Africa, Egypt, Vietnam, Saudi Arabia, Colombia, UAE, Israel, Philippines, Nigeria, Argentina, Thailand, Indonesia — acting as reviewer and advisor.