Grace Sin Yue Leung
Legal, Compliance & Risk
Hong Kong
Summary
Experienced lawyer with a strong background in financial services regulatory compliance, risk management, and business acumen. Proven track record of navigating complex legal frameworks and providing strategic guidance to clients. Skilled in identifying and mitigating potential risks, ensuring compliance with industry regulations, and effectively managing legal matters. Adept at analyzing intricate financial transactions and providing sound legal advice to drive business growth. Committed to delivering exceptional results while maintaining the highest ethical standards.
Overview
12
12
years of professional experience
3
3
Languages
Work History
Legal, Compliance and Risk Specialist Consultant
Axiom Global Inc
05.2024 - Current
- Developed ERM framework, policies and processes for regulated clients and license applicants.
- Assessed compliance protocols for regulatory adherence.
- Assessed risks thoroughly to develop strategic mitigation plans according to the determined risk appetite.
- Challenged and reviewed risk assessments to develop robust control measures.
- Curated board and governance committee agendas.
- Provided legal and regulatory guidance for products, investments, and risk management plans.
- Supported the rollout of innovative products, initiatives, and projects.
Head of Enterprise Risk Management (Legal, Risk & Compliance) (Macau)
Prudential Hong Kong Ltd.
06.2022 - 01.2024
- Company Overview: (HKEX: 2378)
- Facilitated strategic expansion to the Greater Bay Area by obtaining regulatory approval from AMCM.
- Implemented NeoPulse App for diverse product and fund management functions.
- Supported health, wealth and legacy planning goals through tailored insurance solutions.
- Led management and oversight of client-oriented legal services.
- Oversaw meticulous review process of reinsurance agreements catering to internal clientele.
- Guided sales strategies with insights into present and forthcoming operational concerns in the GBA.
- Enhanced product offerings in wealth management and health sectors.
- Explained impacts of applicable laws and regulations on business operations to senior leadership.
- Developed and executed AML, Sanctions, and FATCA policies tailored to local regulations for GBA entities.
- Building the oversight mechanism for STR and ABC reporting regime;
- Devising the annual compliance objectives and plan to identify key compliance risk areas and internal control inadequacies;
- Pinpointed compliance problems at the operational level through thorough monitoring.
- Implemented control mechanisms to proactively address identified risks within strategic parameters.
- Devising risk control measures and strategies for different business initiatives and objectives upon risk assessment and obtaining Risk Committee’s approvals thereto;
- Curated items requiring approval for the Risk Committee.
- Oversaw risk control measures implementation across departments.
- (HKEX: 2378)
Regional Head of Legal & Assurance (Asia Pacific)
Charles Taylor Plc
12.2021 - 06.2022
- Company Overview: The Minster Building, 21 Mincing Lane, London EC3R, England
- Acquired ASIC approval for financial services licence enabling management of claims and client funds.
- Founded new offices to expand company's operations across borders.
- Established new branch in Hanoi, Vietnam for insurance services.
- Obtaining Financial Services licence with ASIC
- Setting up two branches for registration with CBIRC
- Handled submission of documents required for Money Service Operator license with Customs Department.
- Facilitated acquisition of licenses for insurance services.
- Held statutory responsibility in compliance areas such as AML, FATCA, sanctions, anti-bribery and data protection.
- Prepared key documentation to ensure regulatory adherence.
- Tailored group procedures and policies to meet local requirements.
- Facilitated strategy implementation via local board approval and senior leader oversight.
- Reviewed and navigated regulatory constraints to facilitate the proposed acquisition of a competing company.
- Performed early evaluations regarding the leadership and primary stakeholders of the target company.
- Handled the approval process after preparing profiles.
- Ensured adherence to Group protocols and requirements through structured governance.
- Monitored adherence to regulatory requirements for AML, cybersecurity, data protection, employment issues, FATCA and sanctions.
- Achieved ongoing compliance with both local regulations and group standards.
- Providing training and supports to local offices in the Asia Pacific to ensure all staff have the required knowledge and know-how with regards to the regulatory and group compliance standards and requirements
- The Minster Building, 21 Mincing Lane, London EC3R, England
Head of Legal & Compliance (Insurance)
Tencent Holdings Limited
07.2020 - 08.2021
- Company Overview: (HKEX: 0700)
- Achieved formal authorisation for GI Reinsurance Licence within 9 months of onboarding.
- Implemented compliant governance practices by developing boards, oversight committees, and internal controls as per IA's Guideline 10.
- Optimized process to allow immediate commencement of business post licensing.
- Enhanced connections within the Group's eco-system by incorporating a newly licensed reinsurer.
- Facilitated groundbreaking approval enabling CEO's concurrent leadership in two entities.
- Coordinated sequential submission processes, resolved findings and ensured compliance with Insurance Authority requirements.
- Organized extensive documentation for comprehensive form completion.
- Orchestrated approval meetings with key executives at IA including CEO and Director GI.
- Communicated directly with IA's about licence conditions.
- Supervised and counseled on various aspects of application materials like business plans and RBC.
- Evaluated and recommended appointments for directors, CEO, and key persons in control functions.
- Drafted inception policies to achieve full regulatory compliance.
- Supervised compliance activities to fulfill AIP mandates for granting of a formal license.
- Designated liaison for Tencent's Board with IA to coordinate communication.
- Achieved successful commitment from the Group to sustain a 200% solvency ratio for the newly regulated entity.
- Functioned as the Key Person in Compliance under s.13AE of the Insurance Ordinance (Cap.41).
- Implemented robust internal control regime monitored by the board.
- Recommend appropriate compositions for boards and committees.
- Ensured clarity and compliance by drafting all terms of reference for board and committees.
- Appointed to serve in key roles for new business entity.
- Coordinated all board and committee sessions successfully.
- Ensured safekeeping of all common seals and registers.
- Managed distribution of share certificates and prepared all required legal documents.
- Executing completion procedures adhering to guidelines set by the shareholders’ agreement.
- Evaluated contractual obligations to identify key provisions and risks.
- Strategized reinsurance plans and created retrocession template agreements.
- Sought external legal opinions regarding foreign regulatory issues.
- (HKEX: 0700)
Functional Head of Legal of Legal & Compliance Department
Generali Life (Hong Kong) Limited
02.2016 - 11.2019
- Company Overview: also servicing Assicurazioni Generali S.p.A, Hong Kong Branch
- Orchestrated setup of Generali Life (Hong Kong) Ltd. with unit-linked licensing.
- Spearheaded expansion of high net worth business in Asia.
- Elevated market standing to reach Hong Kong's Top 3 Group Life Insurer category.
- Developed regulatory compliant AML, FATCA, CRS onboarding frameworks and systems.
- Counseled Senior Management regarding new regulations and directed the restructuring of internal control policies.
- Implemented revised intermediary management system aligning with regulatory changes starting September 2019.
- Monitored and refined documentation standards across all operational materials.
- Maintained adherence to current regulations by revising compliance manuals.
- Oversaw approval process from regulators such as IA and SFC for new product launches.
- Managed operational risks through effective strategy development.
- Ensured full satisfaction by resolving complex customer concerns.
- Sought regulatory approvals for all drafted materials.
- Created internal governance framework by drafting Group's control and corporate governance guidelines to be adopted by the Hong Kong office.
- Reviewed and validated agenda items for Committee meetings.
- Reviewed, revised and drafted internal control policies for regulatory compliance.
- Facilitated the implementation of solutions following audit discrepancies.
- Performed regulatory compliance reviews on key matters.
- Analyzed and addressed various legal and regulatory challenges.
- High net worth (HNW) customers using their life policies as collateral and solicitation;
- Monitored ongoing regulatory compliance for established sales model.
- Created two-pronged approach for assessing corporate structures proposed by HNW policyholders.
- Ensured alignment of the quality assurance framework by conducting regular reviews and collaborating with relevant teams.
- Negotiated and examined a wide range of legal documents for significant private banks.
- Credit Suisse, UBS, Deutsche Bank, BNP Paribas and etc
- For assignment of HNW customers’ life policies
- Recommended retrocessionaire strategies optimizing compliance and operational efficiency.
- Reviewed and negotiated diverse financial agreements to mitigate legal risks.
- Developed precise documentation for various corporate transactions and compliance needs.
- Advising on and preparing digital smart contracts, and setting up online/App distribution channels;
- Addressed and resolved complex multinational legal challenges.
- Solicitation, payment of premium, and transfer of data;
- Oversaw the introduction of online solution to streamline automatic unit transitions in investment life insurance.
- Investigated Blockchain applications with Group companies.
- Direct payment to policyholders for flight delay without claim procedures;
- Advising the legal ramifications: e.g
- Privacy, data transfer, indemnity, FATCA, CRS and etc
- And drafting agreements, disclaimers, protocols, policy provisions and endorsements;
- Overseeing the implementation of digital interfaces to facilitate policyholders' access and claim review processes.
- Negotiated procurement terms with IT vendors and software providers.
- Developed strategic insights to align reinsurance treaties with policy provisions.
- Accident & Health and Property & Casualty reinsurances, Professional Indemnity and D&O businesses in Asia, particularly in China, Thailand, Malaysia and Korea
- Also servicing Assicurazioni Generali S.p.A, Hong Kong Branch
Pupil
Liberty Chambers
03.2015 - 02.2016
- Insurance claims litigation: Representing plaintiffs in actions against insurers in motor accident or worker compensation claims
- Claims settlement: negotiating with insurers to reach settlement outside court
Legal Counsel, Head of Disciplinary Proceedings Section
Estate Agents Authority
08.2013 - 07.2014
- Representing the Estate Agents Authority in appeal hearings and preparing written submissions thereof;
- Conducting inquiry hearings (i.e
- Disciplinary proceedings) for determination of breaches by licensees;
- Providing legal advice by reviewing witness statements and other supporting documents to determine the appropriate allegations for alleged breaches by licensees;
- Reviewing and revising policies concerning every aspect of the Authority relating to the internal governance, operations, reporting structure and appropriateness of sanctions and disciplinary proceedings etc
Education
Master of Laws - undefined
University of New South Wales
Postgraduate Certificate in Laws - undefined
University of Hong Kong
Graduate Certificate in Legal Practice - undefined
College of Law, University of Technology, Sydney
Skills
Legal and Regulatory Compliance Advisory; Risk Management; Strategic Collaboration & Synergy; Legal Drafting and Risk & Compliance Assessment ＆ Monitoring
Timeline
Legal, Compliance and Risk Specialist Consultant
Axiom Global Inc
05.2024 - Current
Head of Enterprise Risk Management (Legal, Risk & Compliance) (Macau)
Prudential Hong Kong Ltd.
06.2022 - 01.2024
Regional Head of Legal & Assurance (Asia Pacific)
Charles Taylor Plc
12.2021 - 06.2022
Head of Legal & Compliance (Insurance)
Tencent Holdings Limited
07.2020 - 08.2021
Functional Head of Legal of Legal & Compliance Department
Generali Life (Hong Kong) Limited
02.2016 - 11.2019
Pupil
Liberty Chambers
03.2015 - 02.2016
Legal Counsel, Head of Disciplinary Proceedings Section
Estate Agents Authority
08.2013 - 07.2014
Master of Laws - undefined
University of New South Wales
Postgraduate Certificate in Laws - undefined
University of Hong Kong
Graduate Certificate in Legal Practice - undefined
College of Law, University of Technology, Sydney
Languages
Chinese (Cantonese)
Native or Bilingual
English
Native or Bilingual
Chinese (Mandarin)
Native or Bilingual
Whatsapp Number
(852) 4611-8186
Skills - Language Proficiency
- Fluency in English
- Cantonese
- Putonghua
Alias
Leung Yin Man Grace
Whatsapp Number
(852) 4611-8186
Skills - Language Proficiency
- Fluency in English
- Cantonese
- Putonghua
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