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Tailor your resume to this Legal & Compliance Department - FLU BSA and Compliance Oversight Associate/AVP role.

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About the Role

The incumbent plays an important role in Front Line Unit (“FLU”) compliance oversight, regulatory change management, and compliance risk metrics management. Duties will include assisting the Lead of FLU BSA and Compliance Oversight to manage the FLU compliance oversight responsibilities and regulatory change management on a day-to-day basis.

Responsibilities

• Manage monthly FLU BSA Officer meeting reporting materials and quarterly FLU Subcommittee meeting reporting preparation, including data collection and summarization.
• Draft, seek review and approval of, and distribute minutes for bi-weekly and monthly one-on-one meetings with FLU BSA Officers.
• Review monthly BSA Officer meetings and quarterly FLU AMLCC Subcommittee meetings.
• Seek approvals from Subcommittee voting members in accordance with subcommittee charter requirements.
• Provide additional support to the Commodity Business Center (“CBC”), such as reviewing New/Roll Repo Requests and potential onboardings, to ensure proper identification and addressing of compliance risk by CBC.
• Maintain the Wolfsberg Questionnaire and conduct annual updates in coordination with relevant stakeholders.
• Assist with responding to document requests from Internal Audit Department, LCD Compliance Monitoring and Testing Group, and others.
• Assist with preparing a monthly regulatory development newsletter to the Bank.
• Prepare presentation materials of regulatory updates/enforcement actions for monthly BSA Officer meeting and quarterly FLU AMLCC Subcommittee meeting presentations.
• Prepare summary reporting, with translations, of regulatory development for the Bank-wide Staff News and submission to Head Office.
• Assist with tracking regulatory changes and their impact on the Bank.
• Provide administrative support to the regulatory change management process, including regulatory tracker maintenance.
• Provide regulatory updates on climate risk for the Environmental, Social, and Governance (“ESG”) quarterly report.
• Oversee the FLUs to maintain the FLU Compliance Control Inventory.
• Review the FLU compliance control testing plans.
• Collect and consolidate monthly metrics from FLUs to monitor plan execution progress and exception remediation status.
• Present relevant metrics to monthly meetings with FLU Quality Control Units (“QCUs”), the FLU AMLCC Subcommittee, and Enterprise Risk Oversight Committee.
• Hold monthly meetings with FLU QCUs on testing status.
• Assist with ad hoc tasks related to FLU Compliance Testing.
• Assist with monthly and quarterly Compliance Metrics Heat Map Quality Control.
• Assist the Lead of FLU BSA and Compliance Oversight with other ad hoc assignments.

Requirements

• Bachelor’s degree in Finance, Business Administration, Accounting/Actuarial Science, Economics, Law, or a related quantitative discipline required.
• 0-3 years of Legal & Compliance related experience for Associate level; 4+ years of Legal & Compliance related experience for AVP level.
• 0-3 years of experience in BSA/AML/CFT laws and regulations and OFAC/sanctions compliance for Associate level.
• Strong quantitative and qualitative analytical skills with the ability to provide practical solutions and reduce large amounts of information into clear and concise summaries.
• Result-oriented and assertive in challenging situations.
• Solid interpersonal skills, enjoy working across multiple business lines and functions.
• Excellent communication skills: concise and clear written and verbal communications.
• Fast learner and attention to detail.
• Excellent in MS Excel (charts, graphs, VLOOKUP, pivot table, etc.), PowerPoint and Word.
• Highly flexible and detail-oriented with the ability to multi-task and change directions based on business demands and prioritize a diverse workload with multiple deadlines.
• Proficiency in both spoken and written Chinese is required.
• CAMS Certificate preferred but not required.

Skills

• MS Excel (charts, graphs, VLOOKUP, pivot table, etc.)
• MS PowerPoint
• MS Word
• Quantitative analytical skills
• Qualitative analytical skills
• Written communication
• Verbal communication
• Chinese (spoken and written)

Experience Level

• Associate level
• AVP level

Education Level

• Bachelor’s degree in Finance, Business Administration, Accounting/Actuarial Science, Economics, Law, or a related quantitative discipline

Salary/Compensations

• USD $42,000.00 - USD $150,000.00 /Yr.

About the Company

• Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions.
• Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.