Financial Crime and Compliance (FC&C) department is responsible for ensuring that all financial crime and compliance risks within the Bank are identified, managed or mitigated. It establishes and maintains the Bank’s regulatory communications, compliance risk management, regulatory reporting and compliance advisory. As an Assistant Vice President - Compliance Assurance you will be responsible to support the Bank in meeting regulatory requirements in respect of Regulatory Compliance Risk and Financial Crime Risk controls. This is a full time permanent position.

REQUIREMENTS

• Degree educated preferably in Law, Banking or Finance
• Relevant professional qualifications (e.g. ICA, CAMS, ACCA or IIA)
• Proven experience working in Internal Audit and/or Compliance Assurance environment, preferably in the Banking sector
• Good working knowledge of the regulatory environment in the UK, EMEA and other extraterritorial regulations (for example Dodd-Frank)
• Good understanding and working knowledge of the UK AML, CTF, Sanctions, ABC, Fraud and Tax Evasion regimes, including applicable standards such as the UK Joint Money Laundering Steering Group (JMLSG) Guidance
• Knowledge of Wholesale, Commercial and Retail Banking Financial products and services
• Excellent report writing skills
• Excellent planning and organisation skills
• Excellent problem-solving skills
• Excellent communication skills
• Fluency in Mandarin is preferred
• Potential travel required to Branch locations
  Having a presence in the UK for more than 90 years, Bank of China London Branch has been providing an excellent financial service to the market and maintain its competitive edge as an international bank operated in the UK. It has employees in over 33 countries, and it is one of the most internationalised overseas branch in the Bank of China Group. The Bank values the diversity of its employees and aims to create an inclusive environment where everyone can speak up and enjoy the equal opportunities to grow both personally and professionally

• Plan and conduct independent Compliance Assurance reviews as assigned from the annual plan, in line with the Compliance Assurance Methodology. This include the ability to lead and/or participate as part of a team in the delivery of risk-based reviews
• Develop and maintain effective business relationships and partnerships with areas subject to review, to ensure mutual understanding of review scope, procedure and reporting approach
• Work collaboratively with the business stakeholders at all stages of the review, agreeing issues and the appropriate remedial actions in a timely manner
• Produce a draft report for each review engagement, clearly articulating the issue, root cause and the agreed management actions with realistic timescales agreed with stakeholders for implementation
• Effective documentation of review work performed at every stage of the review in a manner which enables effective re-performance by interested parties
• Ensure business knowledge, processes and controls are accurately and proportionately assessed against regulatory and internal compliance standards
• Risk-assess the business undertaken and operational practices for consideration of inclusion in the Compliance Assurance programme
• Ensure actions are tracked to completion, and support is provided as necessary, for example, liaison with and the introduction of the business to SMEs within the Bank who can provide guidance
• Ensure business managers understand the issues and their ownership of compliance risk and financial crime risk, to enable resolution of identified issues through relevant actions
• Collate periodic reports for Head of Department, Senior Management and the Compliance Committee which are clear, succinct and proportionate in their presentation of progress of the Compliance Assurance programme
• Deputise for the Compliance Assurance Team leader as required, and represent the team in attending relevant meetings and other forums as appropriate
• Provide support and coaching to junior staff in their development, particularly during reviews, issue management and in the delivery of ad hoc tasks