Ernest Fung
About Ernest Fung
Ernest Fung is a Senior Manager in Affiliate Financial Crime Risk and Compliance at HSBC, with a background in risk management and consulting. He has over 15 years of experience in financial crime risk and operational risk across various roles at Deloitte China and HSBC.
Current Role at HSBC
Ernest Fung serves as the Senior Manager for Affiliate Financial Crime Risk and Compliance at HSBC. He has held this position since 2019, contributing to the Asia Pacific region. In this role, he focuses on managing financial crime risks and ensuring compliance with regulatory standards.
Previous Experience at Deloitte China
Ernest Fung has a significant history with Deloitte China, where he worked in various capacities from 2001 to 2017. His roles included Consultant, Senior Consultant, Manager, and Associate Director. During his tenure, he was involved in setting up risk management functions for large state-owned enterprises and played a key role in delivering risk advisory services.
Educational Background
Ernest Fung studied at The University of Auckland, where he earned a Bachelor of Engineering (BE) degree in Electrical and Electronics from 1997 to 2000. He also attended Westlake Boys High School, which laid the foundation for his academic pursuits.
Specialization in Risk Management
Ernest Fung specializes in Operational Risk and Insurance Risk, particularly within financial institutions. He is familiar with regulatory guidelines from the Hong Kong Monetary Authority (HKMA), Monetary Authority of Singapore (MAS), and China Banking Regulatory Commission (CBRC). His expertise includes conducting information security consulting and review engagements for banks and payment gateways.
Key Contributions to Risk Management
Throughout his career, Ernest Fung has played a pivotal role in leading teams to propose and deliver risk appetite advisory services to large life insurance companies and reinsurance groups in China. His experience includes setting up risk management functions for various enterprises, including a Fortune 500 company.