Compliance Associate, Bovill Newgate

Fund services | Corporate | Capital markets | Private client | Regulatory & Compliance

We help clients succeed by unlocking new value through expertise, trust and scale. We deliver solutions that solve complex challenges faced by asset managers, financial institutions, corporates, high net-worth individuals and family offices.

With a curious mindset, we ask the right questions to get to the right solution, faster. We collaborate to win together, sharing successes and shaping the future of our global business. Our culture of support and recognition provides the tools and opportunities for you to grow, while unlocking the most value for our clients and making your mark with Ocorian.

Expertise: We deliver specialist, tech-enabled solutions for our clients grounded on deep industry expertise.

Trust: We’re a trusted partner to over 8,000 clients globally. We are proud to have long-lasting partnerships with our clients.

Scale: With more than 1,500 colleagues, we operate across 20+ countries, our scale enables us to support our clients globally and locally, providing a seamless client experience across borders and service lines.

Introducing Bovill Newgate

Bovill Newgate is a specialist financial services regulatory consultancy with a global offering across the UK, the Channel Islands, Singapore, Hong Kong, Mauritius and the Americas. We help our clients meet complex and evolving regulatory obligations, providing certainty and peace of mind. We work with firms of every size across the financial services sector, supporting clients managing regulatory change and dealing with regulatory scrutiny. We provide advice on regulatory change and preventing financial crime, applications to regulators, building or enhancing regulatory frameworks, conducting compliance investigations or diagnostics, training and fulfilling prescribed roles. 

Purpose of the Job

Our thriving Hong Kong Practice is looking for an associate to join the team to deliver high quality compliance support to our Asset Management / Funds clients in Hong Kong, Mainland China and overseas. The successful candidate will also participate in marketing and business development, assist with technical research and the production of technical materials, as well as participating more generally in the development and growth of the company. 

The Hong Kong Practice gives specialist advice on regulatory requirements to our clients. Providing guidance and support to clients through the entire regulatory cycle – obtaining the appropriate licence, putting in place fit-for-purpose, commercially-minded compliance frameworks, meeting the expectations of relevant regulators on an ongoing basis, and implementing regulatory change projects.

The successful candidate will provide support primarily to hedge fund managers, but also be able to provide coverage and support for our asset management clients in other asset classes, such as private equity. There will also be opportunity to work with clients in other sectors and in specialist fields such as AML. 

Main Responsibilities

The areas in which the associate will be expected to assist clients includes, but is not limited to:

• Drafting policies, procedures and templates.
• Developing training material and assisting in delivering training sessions.
• Assisting with regulatory matters including licensing applications and notifications to the regulators.
• Carrying out compliance health checks and periodic monitoring
• Responding to ad-hoc and routine regulatory queries.
• Arranging and helping to prepare for client meetings.
• Actively seeking to increase the company’s client base by performing market research and identifying new prospects.
• Attending relevant industry events to build your network and promote the company brand.
• Participating in and where relevant, helping to present at company events and training sessions, such as client briefings on topical regulatory issues and roundtable events aimed at compliance professionals
• Assisting the team with marketing and business development activities
• Actively partnering with global sector teams to support and deliver on shared projects and responsibilities, where required.

Knowledge, Skills & Experience

• A degree level education.
• Fluency in Cantonese and English is essential. Mandarin would also be desirable.
• Relevant, Diploma level professional qualification (investment or compliance-related), or willing to study towards.
• Good compliance-related experience gained at a financial institution, legal practice, consultancy and/or the regulator.
• Knowledge and experience of SFC and HKMA rules and regulations, as well as an understanding of the SFC’s policies and procedures.
• Strong technical knowledge of the fund management sector, or broking sector and anti-money laundering regulations.
• Experience translating regulatory rules and guidance into meaningful, fit-for-purpose and pragmatic solutions for clients
• Experience managing client relationships.
• Proven track record of exceeding financial goals and sales targets; consulting experience would be advantageous.
• Exceptional written and oral communication skills.
• High attention-to-detail is expected.
• A broad understanding and an appetite to keep learning.

All staff are expected to embody our core values that underpin everything that we do and that reflect the skills and behaviours we all need to be successful.  These are:

• We are CLIENT CENTRIC – Clients are at the centre of our world, and we’re committed to providing expertise and specialist solutions to meet their most complex challenges.
• We are AMBITIOUS – We aim high. We think and act globally, seizing every opportunity to delight our clients and support our colleagues - wherever in the world they may be.
• We are AGILE – We act on our initiative to get things done for our clients. Our independence gives us the flexibility and freedom to keep things simple, efficient and effective.
• We are COLLABORATIVE – With a curious mindset, we ask the right questions to get to the right solution, for our clients faster. We collaborate to win together and share our successes.
• We are ETHICAL – We behave with integrity at all times and assume positive intent, building trust through responsible actions and honest relationships.