Senior Associate - Financial Crime Quality Assurance

at  Bank Of China

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 a Senior Associate - Financial Crime Quality Assurance, you will support with day-to-day functions and operations within the department in respect of Quality Assurance (QA) for Financial Crime. You will ensure the Bank has robust controls around Anti-Money Laundering (AML), Terrorist Financing, Fraud, Sanctions, Anti-Bribery and Corruption to remain compliant and meet the requirements of all appropriate regulations and legislation. This is a full time permanent position.

REQUIREMENTS

• Degree educated preferably in Law, Banking or Finance
• Compliance related qualification (e.g. ICA Certification in Financial Crime or AML/CTF specific certification from ICA, CISI, CAMS)
• Demonstrated Banking experience
• Financial Crime experience, including AML, Terrorist Financing, Sanctions, Bribery and Corruption, Tax Evasion and Customer Due Diligence
• Experience in record-keeping and production of MI
• Experience in implementing Financial Crime regulatory requirements and guidance
• Solid understanding of Retail and Corporate Banking products and related processes
• Knowledge of FCA/PRA Handbook
• Knowledge of JMLSG Guidance
• Excellent report writing skills
• Team player
• Excellent communication skills
  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

• Provide support in ensuring the day-to-day operation and activities and team tasks are undertaken accurately and in a timely manner
• Provide guidance to business units and support departments on Customer Due Diligence (CDD) related matters
• Demonstrate an awareness/understanding of AML and Financial Crime risk profiles in relation to the retail and wholesale business
• Contribute to assessing risks to ensure control framework is adequate and complete the annual updates
• Assist in the design and implementation of new Financial Crime policies and procedures for the Bank
• Assist in preparation of the annual MLRO Report and material for reporting to Compliance Committee
• Responsible for executing the QA reviews in line with the methodology and the QA annual work
• Escalate issues where serious concerns are identified in an effective manner to ensure early notification and prompt action can be taken by Senior Management
• Agree actions with relevant ‘owners’ and ensure these are followed through to completion, providing assistance to business where necessary
• Writing the QA draft report and provide relevant finding details and remedial actions plan
• Monitoring remedial actions’ completion by stakeholders
• Participate in the planning, preparation and delivery of financial crime related training
• Ensure daily referrals and queries submitted to the Financial Crime Team are addressed and responded in an efficient, accurate, complete and timely manner with adequate record keeping and maintaining the relevant trackers up to date