IVY HUI
Hong Kong
Summary
Results-focused banking professional specializing in First and Second Line of Defense Function in Corporate Governance and non-Financial Risk Management. Proactive leader with strengths in communication and collaboration. Proficient in leveraging Project Management skills and Regulatory knowledge to promote overall governance framework for Financial Institutions. Adept at managing concurrent objectives to promote efficiency and influence positive outcomes.
Overview
20
20
years of professional experience
1
1
Certification
Work History
Senior Vice President, Securities Services Compli
Citibank N.A. Hong Kong Ltd
Hong Kong
10.2023 - Current
- As a senior product compliance risk officer for Independent Compliance Risk Management, I'm responsible for establishing internal strategies, policies, procedures, processes, and programs to prevent violations of law, rule, or regulation and design and deliver a risk management framework that maintains risk levels within the firm's risk appetite and protect the franchise.
- Primary responsibilities include monitoring compliance risk behaviors, providing day-to-day Compliance advice relating to operations, financial requirements, and guidance on the supported function/business/product and the associated regulatory rules/laws and interpretation on internal policies and procedures.
- My current coverage include application of regulations published by Hong Kong authorities to the Securities Services Business : Securities and Futures Commission (SFC), Hong Kong Monetary Authority (HKMA), Hong Kong Mandatory Provident Fund Schemes Authority (MPFA) and Hong Kong Deposit Protection Board. Key Regulatory Projects include:
- Hong Kong Securities and Futures Commission (SFC) New License requirement (Type 13) for trustees and custodians (depositaries) of SFC authorised Collective Investment Schemes (CISs) in Hong Kong
- Hong Kong Monetary Authority (HKMA) guidance on the provision of digital asset custody services
- Hong Kong Monetary Authority (HKMA) new Chapter FMI-1 on Resolution Regime in Code of Practice
Senior Vice President, in Business Risk Control
Citibank N.A. Hong Kong Ltd
Hong Kong
11.2020 - Current
- As part of the Treasury and Trade Solutions (TTS) Global COO Organization, reporting directly to the Global In-Business Risk Control Head and Regional APAC TTS COO, I am leading the program management activities for APAC regional operational risk and regulatory programs
- My coverage includes 15 countries in APAC
- APAC TTS Business generates> $2bn per annum and has >600 Front Office staff in the region.
- Managed regulatory change required by new and revised laws and regulations, communicating complex requirements, and identifying operational impacts
- I have hands-on project management experience and knowledge on the following areas: FATCA/ CRS, Conduct Risk, Reg W, Data Privacy, SOX, IBOR Transition.
- Revamped business governance process so it can operate more efficiently, and at the same time, provide adequately coverage of risks including alignment to Company's best practices
- I currently chair various governance processes for APAC TTS Business: Business Risk and Control Committee Solutions, Regulatory Program Forum, and Solutions & Initiative Risk Reviews.
- Collaborated with Global in-Business Control seniors to compile standardized policy to maintain compliance with company guidelines and regulatory requirements.
- From Jun 2022 - Dec 2023, I took up additional responsibilities as Interim Country In-Business Control for Hong Kong TTS which helps to deepen my TTS Product Knowledge.
Vice President, Business Management
Citigroup Global Markets Asia Ltd
Hong Kong
08.2012 - 11.2020
- Supporting the Head of Prime Finance, Delta1
- I was responsible in deploying effective governance in the region and administer all business activities in the region
- APAC Prime Finance generates over $300m of revenue per annum and has ~65 Front Office staff
- In my eight years as Business Manager for APAC Prime Finance, I took up several job assignments with product coverage spanning across various Markets Products: Cash Prime Brokerage, Synthetic Prime Brokerage, Principal and Agency Securities Lending, Futures and Options
- My key responsibilities include:
- Strategic and business planning:
- I led the War on Expenses campaign in identifying cost saving initiatives and provide streamlining recommendations to senior management.
- Partnering with the senior management, I helped formulating management communications, business plans, regular business reviews and annual budgets
- I am proficient in PowerPoint presentations.
- Partnering with Finance, i have defined key performance indicators and implemented regional level measurement and analytics to gauge success.
- Led the Client Portal development and established an automated Weekly Sales scorecard to gauge sales performance.
- Risk and Control:
- Act as the chairperson of the Asia Pacific Prime Finance Risk Control Committee, and an active participant in other governance committees: APAC Deal Review Committee, New Product Approval Committee, Conflict of Interest Committees.
- Implemented the Management Control Assessment Framework for APAC Prime Finance Business
- I worked closely with 1st, 2nd and 3rd line of defense partners to ensure the business operates under a robust risk and control environment.
- Act as the key business lead for any internal/ external audit or regulatory inspections
- Managed an in-depth industry thematic review required by HKSFC on Prime Finance business, with no significant findings or issues identified.
Associate, Business Management
Nomura International Hong Kong Ltd/ Lehman Brothers (Asia) Ltd
Hong Kong
08.2006 - 05.2012
- Reporting to Equities COO and Co-head of Global Prime Services, my key responsibility was to assist on day-to-day management tasks to ensure the business runs at high operational and cost efficiency
- My product coverage included: Cash Prime Brokerage, Synthetic Prime Brokerage, Equity Finance, Delta1 and Futures & Options
- My key responsibilities include:
- Expense Management: Review cost recharges, accruals, pre-payments, and cost allocation
- Develop and Implement cost saving solutions and strategies.
- Partner with the senior management and strategy group in formulating business strategy plans, monthly business reviews and annual budgets.
- Provide client revenue analytics, budget, and financial forecast to facilitate performance monitoring and to drive decision making process
- Promoted to Vice President in 2011 for outstanding performance and demonstrated solid leadership abilities for building the Client Strategy team of 4 in Mumbai.
Financial Systems Analyst
Manulife (International) Limited
Hong Kong
05.2005 - 08.2006
Senior Business System Assistant
Winterthur Life, the Credit Suisse Group
Hong Kong
03.2004 - 05.2005
Education
Master of Science: Finance -
Curtin University of Technology
06.2006
Bachelor of Science: Double Major Mathematics and Statistics -
University of British Columbia
08.2003
Skills
- Executive Leadership
- Strategic Planning and Execution
- Change and Growth Management
- Regulatory Compliance
- Complex Problem Solving
- Stakeholder Management
- Talent Recruitment
- Good Work Ethic
- Results Orientation
- Corporate Governance
- Regulations enforcement
- Regulatory knowledge
- Risk management strategies
Certification
Certified Program Management Professional, Project Management Institute, Inc., 2015
Certified Yoga Instructor, Yoga Alliance, 2023
Recent Accomplishments
- Promoted to Senior Vice President in 2021 by implementing an effective governance process that significantly improved efficiency and enhanced overall risk and control governance oversight.
- Received Global Individual Staff Recognition at Global Treasury and Trade Solutions Townhall in 2022 for outstanding performance and team contributions.
- Hired, mentored, and coached new team of 3 in Malaysia & India for Regional inBusiness Control support, resulting in a significant increase in productivity.
- Nominated as Risk and Control Champion in 2021 and delivered a successful Risk and Control Vignette Campaign on behalf of the APAC CEO and his Asia Leadership Management team, earning recognition from upper management and Silver Reward from Citigroup Employee Recognition Program.
Languages
- Chinese (Cantonese), First Language
- English, C2 Proficient
- Chinese (Mandarin), C1 Advanced
Timeline
Senior Vice President, Securities Services Compli
Citibank N.A. Hong Kong Ltd
10.2023 - Current
Senior Vice President, in Business Risk Control
Citibank N.A. Hong Kong Ltd
11.2020 - Current
Vice President, Business Management
Citigroup Global Markets Asia Ltd
08.2012 - 11.2020
Associate, Business Management
Nomura International Hong Kong Ltd/ Lehman Brothers (Asia) Ltd
08.2006 - 05.2012
Financial Systems Analyst
Manulife (International) Limited
05.2005 - 08.2006
Senior Business System Assistant
Winterthur Life, the Credit Suisse Group
03.2004 - 05.2005
Master of Science: Finance -
Curtin University of Technology
Bachelor of Science: Double Major Mathematics and Statistics -
University of British Columbia
Certified Program Management Professional, Project Management Institute, Inc., 2015
Certified Yoga Instructor, Yoga Alliance, 2023
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