Senior Officer - CDD Quality Control

at  Bank Of China

Financial Crime Operations department is responsible for ensuring that all financial crime risks in Bank of China (UK) Limited and Bank of China Limited London Branch (jointly referred to as the Bank) are identified, managed or mitigated within the first line of defence (1LoD). A key component of the department’s coverage is responsibility for the Bank’s operational adherence to the UK regulatory requirements, namely with regards to Customer Due Diligence (CDD), Fraud Prevention and Management, Sanctions Screening, Transaction Monitoring and the provision of adequate training and support to the front line business. As a Senior Officer - CDD Quality Control, you will be responsible to ensure the Bank’s customer’s risk assessments have been completed in a complete, correct and timely manner taking into consideration all types of financial crime risks. This is a 12 month fixed term contract position.

REQUIREMENTS

• Degree educated in Business, Finance or other equivalent
• Demonstrated AML / KYC / CDD experience in either client onboarding, periodic reviews or remediation projects
• Experience in analysing complex ownership structures (e.g. SPV’s, Hedge Funds, Trusts)
• Solid knowledge of the UK’s Financial crime legal and regulatory framework (including JMLSG guidance)
• Ability to adapt to different situations and a quick learner
• Attention to detail
• Critical thinking and investigative skills
• Report writing skills
• Team player who is able to use their initiative and work with autonomy
• Excellent communication skills with the ability to interact confidently with peers, Management, frontline and other stakeholders
• Fluency in Mandarin is desired but not essential
• Proficient in Microsoft Office (Excel, Word and PowerPoint)
  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

• Review and/or complete customer risk assessments with regards to Retail, Corporate, Wholesale and Financial Institutions meeting the Bank’s internal policies, procedures, and other regulatory & mandatory requirements
• Review and/or complete onboarding, periodic reviews and event driven (trigger reviews) reviews
• Conduct PEP, Sanctions and adverse media searches with appropriate discounting of risk
• Establish a professional and mutually beneficial working relationship with the frontline and second line of defence (2LoD) to enhance clients experience on an ongoing basis
• Conduct 4-eye checks as a means of quality control
• Provide effective, detailed feedback on the result of Quality Control and Quality Assurance reviews
• Keep accurate records and Management Information on clients
• Support with policies, procedures, processes and records management documents
• Complete customer files to agreed standards and to the Bank’s CDD Policies and Procedures