Senior Manager, Compliance (AIA Investment Management)

FIND YOUR 'BETTER' AT AIA
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If you believe in better, we’d love to hear from you.
About the Role
Join us as Senior Manager, Compliance at AIA Investment Management!

We are seeking for a Senior Manager, Compliance to provide second line support in managing and overseeing all compliance and regulatory obligations. This is to ensure that AIAIM’s activities are conducted in accordance with MAS and other local or foreign regulatory and contractual obligations as well as to ensure that the group policies and industry best practice standards for investment activities are effectively implemented and adhered to.
Responsibilities
Products Advisory
Keep track of regulatory developments and changes and advise business on impact and advise business of regulatory changes, including those that affect AIAIM’s fund vehicles domiciled locally and overseas e.g. VCC funds, UCITS funds.
Work with the Regulatory Compliance team on gapping changes proposed by MAS on rules affecting fund vehicles (e.g. fund registration, fund offering requirements, MAS Code of CIS, Advertising restrictions, CPFIG etc) and actively track developments from foreign regulators (e.g. UCITS rules) for offshore domiciled fund vehicles e.g. CSSF (through management company of the fund vehicle).
Maintain regulatory development and reporting registers impacting the fund vehicles managed by AIAIM in internal registers or systems (e.g. Sunray).
Review of marketing materials, fund prospectuses and offer documents.
Review of new product approval forms/post launch review materials and following up with Funds team on compliance comments provided.
Propose enhancements to the compliance monitoring framework for alternative investments invested by the fund vehicles
Management/Board reporting and review of policies and procedures including those that are specific to fund vehicles set up by AIAIM.
Coordinate with AIMHK C&R in respect of compliance advisory inputs for jointly-managed sub-funds under AIAIF registered in Hong Kong.
Mandate/ Business Compliance
Prepare and coordinate the submission of monthly compliance reports and provide responses to clients ad-hoc queries and participate in the periodic client annual reviews
Review and provide inputs from second line for new/revised Investment Management Agreement (IMA)/Sub-IMA, Investment Advisory Agreement or Dealing Services Agreement.
Oversees the administration of and implementation of the guidelines and procedures under the AIA Investment Governance Framework functionally owned by Compliance.
Participates in Management Committee meetings (as required) to discuss compliance-related matters.
Provide second line feedback on potential regulatory implications arising from breaches (if any) as well as on the corresponding preventative measures in accordance with the local policies and procedures established under the IGF as well as the applicable local regulatory requirements.
Work with Operational Risk Team to ensure any control gaps resulted from errors that constitute to an investment breach or regulatory breach are addressed adequately to prevent recurrence.
Work with management to put in place appropriate follow-up actions to rectify common breaches (if any) and to avoid recurrence.
Oversee and managing the personal trading activities of AIAIM employees to ensure compliance with regulations, internal policies and procedures to and prevent insider trading or market abuse.
Sanctions
Ensure proper sanctions screening process put in place by IC COE for public investments and by ODD & BRO team for private investments (for third-party GP funds or direct investments) through appropriate systems.
Ensure sanctions screening process are put in place by GFS Sourcing team for vendors/suppliers in Ariba system.
Conduct sanctions screening in accordance with Group Economic Sanctions Standard for other required parties e.g. employees, contractors, brokers, customers and connected parties etc.
Handle related queries from business or provide any routine or ad-hoc reports required by the Group.
Update relevant internal policies and procedures or procure other departments to update their respective policies and procedures.
Brokers/Counterparties
Assist Operations team and Trading team to advise on queries from counterparties regarding AIAIM’s AML/CFT/Sanctions/FATCA policies or processes to facilitate brokers account opening.
Review new broker on-boarding request, including sanctions screening, FATCA compliant and Connected Person checks.
Compliance Monitoring Plan
Perform compliance monitoring on various topics under the annual compliance monitoring plan.
Requirements
Degree holder with over 7 years of relevant all round experience in compliance
Over 4 years of investment / securities compliance experience from asset management companies
Understanding of the business model of financial services, asset management business and regulations impacting fund management companies or fund vehicles
Exposure to various asset classes across Equity, Fixed Income, Financial Derivatives and Alternative Investments including private equity, private credit, real estate, venture capital preferred.
Independent and with strong self-initiative.
Strong engagement and influencing skills and team player
Good communications skills
Believe in better with AIA. If you work at AIA, you play an important part in this movement. Which is why we give you every opportunity to learn, grow and shape your career - your way!
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Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.
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