Overview
Work History
Education
Interests
Timeline
Generic

Cherise Yu

Overview

8
8
years of professional experience
6
6
years of post-secondary education

Work History

Compliance Manager, Governance & Control

BNP Paribas
07.2022 - Current

• Coordinating with cross-functional teams to organise governance committees and preparing reports to ensure compliance matters are well-communicated with key stakeholders within BNP Paribas (BNPP);
• Liaising with various teams, assessing operational incidents and presenting review outcomes on a weekly basis;
• Managing compliance procedure framework locally to ensure BNPP policies are appropriately implemented in a timely manner;
• Participating in meetings with representatives from APAC and Group to discuss various topics including incident management, procedure management, outsourcing and compliance projects;
• Providing ad-hoc advisory to address clients' queries, responding to their questionnaires on compliance topics and attending clients' due diligence meetings;
• Managing compliance training programs locally to ensure all staff receive appropriate learning sessions;
• Proactively involved in auditing projects to coordinate and address questions from internal and external auditors;
• Enhanced / enhancing processes on various compliance matters for better efficiency and/or quality, exceeded key stakeholders' expectation:
1) Streamlined and re-shaped governance reporting to avoid duplication within the team;
2) Re-structured Echonet page to better promote compliance procedures and cultures;
3) Established ‘Reminder' function to ensure compliance tasks are tracked via automated solution; and
4) Created various templates for data generation and reporting.

Compliance Manager

Mason Stevens, Sydney, Australia
10.2020 - 07.2022

• Provided advice to Mason Stevens (MS) compliance framework covering its Managed Investment Schemes, Managed Discretionary Account (MDA) services, a retail superannuation and AFS licensing requirements;
• Developed, implemented, and reviewed company policies and procedures to ensure that MS complies with relevant laws, regulations, regulatory guides, and industry standards;
• Organised and prepared quarterly compliance committee meetings to report compliance matters to stakeholders.
• Identified, investigated and recorded incidents and breaches that occurred internally and externally (outsourcing service providers). Provided guidance and sign off on the corrective actions to prevent future occurrence.
• Monitored regulatory changes and performed impact analysis to determine applicability to MS, and provided advisory during implementation phase to meet new / updated regulatory requirements;
• Conducted compliance monitoring programs and regular reviews to ensure that adequate controls have been undertaken including AML/CTF programs, KYC, MDA and Product Design and Distribution Obligations (DDO) checks;
• Key point of contact for all matters relating to DDO and managing monitoring and reporting for more than 600 funds on the platforms;
• Re-shaped Money Laundering (ML) and Terrorism Financing (TF) Risk Assessment approach and performed regular checks to determine whether the ML/TF risk has been mitigated and managed to an acceptable level based on MS' risk appetite;
• Enhanced AML/CTF Transaction Monitoring Methodology so that robust tests can be completed to detect whether any suspicious transaction has occurred across 50,000 plus accounts.
• Reviewed and approved marketing materials including performance reports, significant event notice, website information, sales slides and communications;
• Delivered compliance training for various topics to ensure all staff comply with applicable laws, regulations, rules and company policies;
• Maintained registers regarding risk profile, training, conflict of interests and incidents.

Consultant - Audit, Assurance and Risk Consulting

KPMG, Sydney, Australia
11.2018 - 09.2019

• Performed assessment on the financial advice provided by clients and regularly presented outcomes to clients and key stakeholders, in the fast-paced environment;
• Regularly participated in the Methodology Forum and discussed with external stakeholders regarding the policies and methodologies applied for their remediation programs and operational processes;
• Designed and continuously developed the Assessment Tool which significantly improved the efficiency of the Assessment Team and benefited to more than 100 team members with positive feedbacks on user experience;
• A key member of the engagement team to implement new projects for clients, designed work procedure, created the Assessment Models and documented relevant guidelines for other junior team members;
• Identified and reported Key Risk Indicators (KRIs) of advisers who serviced and/or were servicing under the clients' wealth management departments, provided thorough analysis to investigate exposure of risk, estimate potential loss and set up risk ratings for advisers, as well as conducted stress test based on regulators' updates;
• Provided technical support and coached team members regarding regulatory requirements, assessment guidelines and methodologies, and explained the nature of complex products associated with relevant risks and investigation approaches;
• Achieved recognition by clients, internal stakeholders and team members as a knowledgeable consultant due to excellent analytical skills, comprehensive skill sets and flexibility.

Analyst - Governance, Regulation and Compliance Advisory/pp/p

Deloitte, Sydney, Australia
05.2017 - 11.2018
  • Provided clients with comprehensive advisory services in the area of regulatory, risk and compliance;
  • Participated in the Advice Review and Remediation programs and delivered over 400 cases with superior quality to determine the appropriateness of financial advice provided by clients;
  • Performed quantitative and qualitative analysis including data validation, document investigation, financial products research, investment strategy analysis, financial modelling and risk estimation;
  • Assessed 'high-risk' cases involving complex products and potential significant consequences, identified and documented key issues to both external stakeholders and ASIC;
  • Conducted independent review for the clients' internal control systems, and provided thorough comparisons between regulatory requirements and methodologies they were applying;
  • Analysed different types of financial advice with accreditations on: 1) Investment advice: Managed Funds, Direct Equities, Annuities, Structured Products and Gearing strategy; 2) Insurance advice: Life, Total and Permanent Disability, Trauma, income Protection and Business Insurance; and 3) Different structures: Superannuation, Pension, Defined Benefit and Self-Managed Superannuation Fund;

Education

The Australian National University
02.2015 - 12.2016

Shanghai Finance University
10.2010 - 07.2014

Monarch Insitute
05.2017 - 05.2017

Interests

Critical Thinking & Analytical Skill

Problem-solving Skill

Communication Skill

Adaptability

Innovation

Advanced Software Skill

Timeline

Compliance Manager, Governance & Control

BNP Paribas
07.2022 - Current

Compliance Manager

Mason Stevens, Sydney, Australia
10.2020 - 07.2022

Consultant - Audit, Assurance and Risk Consulting

KPMG, Sydney, Australia
11.2018 - 09.2019

Analyst - Governance, Regulation and Compliance Advisory/pp/p

Deloitte, Sydney, Australia
05.2017 - 11.2018

Monarch Insitute
05.2017 - 05.2017

The Australian National University
02.2015 - 12.2016

Shanghai Finance University
10.2010 - 07.2014
Cherise Yu