Senior Associate - Risk Consulting (SFC FRR) - FS Consulting - Hong Kong

Job Profile Summary A career within General Consulting services, will provide you with the opportunity to help clients seize essential advantages by working alongside business leaders to solve their toughest problems and capture their greatest opportunities. We work with some of the world’s largest and most complex companies to understand their unique business issues and opportunities in an ever changing environment. We help create sustainable change by stimulating innovation, unlocking data possibilities, navigating risk and regulatory complexity, optimising deals, and aligning costs with business strategy to create a competitive advantage. Job Description To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be an authentic and inclusive leader, at all grades/levels and in all lines of service. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future. As a Senior Associate, you'll work as part of a team of problem solvers, working with leading financial institutions on regulatory compliance, risk management, and process transformation, with a strong focus on the evolving regulatory landscape. PwC Professional skills and responsibilities for this management level include but are not limited to: • Review SFC Financial Resources Rules (FRR) regulatory returns and related reporting mechanisms for all types of investment products, including equities, fixed income, derivatives, and structured products • Conduct gap analysis and process reviews to enhance clients’ regulatory reporting controls and efficiency • Assist in formulating SFC licensing-related policies and support the implementation of regulatory frameworks and guidelines • Provide technical support and guidance on SFC licensing regimes, including license applications, variations, and ongoing compliance for various regulated activities • Advise clients on the impact of regulatory updates on new FRR (e.g., margin financing, capital adequacy, and the OTCD regime) and assist in the implementation of regulatory changes • Support clients in regulatory inspections, respond to SFC queries, and assist with remediation projects related to FRR and licensing compliance • Support front-to-end regulatory transformation projects and system enhancement initiatives • Demonstrate knowledge of the standardized approach (SA) and internal model approach (IMA) applications under the SFC’s new Type 11 licensing regime is preferred • Keep abreast of the latest SFC regulatory developments, circulars, and enforcement trends Required qualification and skills • Bachelor degree and/or professional qualification in Accounting, Economics, Finance, Risk Management, Law, CFA, or FRM; • 3+ years’ experience in SFC FRR reporting, regulatory compliance, or audit/advisory for licensed corporations (Big 4, consulting, or in-house at a licensed corporation preferred) • Solid understanding of the operations of financial markets and the regulation of SFC licensed intermediaries • Strong knowledge of the SFC FRR, SFO licensing regimes, and related SFC circulars and guidelines • Excellent communication skills, with a strong command of written English and Chinese • Proficient in data analytics and automation tools such as SQL, Python, and Excel VBA • Ability to work independently and collaboratively in a fast-paced environment • Strong analytical, problem-solving, and interpersonal skills You will also: • Use feedback and reflection to develop self-awareness, personal strengths and address development areas. • Delegate to others to provide stretch opportunities and coach to help deliver results. • Develop new ideas and propose innovative solutions to problems. • Use a broad range of tools and techniques to extract insights from current trends in business area. • Review your work and that of others for quality, accuracy and relevance. • Share relevant thought leadership. • Use straightforward communication, in a structured way, when influencing others. • Able to read situations and modify behavior to build quality, diverse relationships. • Uphold the firm's code of ethics and business conduct.