Job Description

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 for independent oversight of the Bank's adherence to regulatory requirements, internal policies and industry best practice. You will be leading and participating in reviews assessing the adequacy and effectiveness of key controls, working closely with senior stakeholders to promote a robust compliance culture across the Bank. This is a full time permanent position.

Key responsibilities

Plan, execute, and report on compliance assurance reviews in line with the annual Compliance Assurance Plan and the Compliance Assurance Methodology Assess controls mitigating financial crime risks (e.g. AML, sanctions, bribery and corruption) and regulatory compliance risks Deliver high-quality written reports with clear and impactful recommendations Engage constructively with stakeholders to address findings and track remediation progress Contribute to the ongoing enhancement of the Compliance Assurance methodology Contribute to the development of the Compliance Assurance annual plan Mentor junior staff in their development, particularly during reviews and issue management processes

Requirements

Degree educated preferably in Law, Banking or Finance Relevant professional qualifications such as ICA Diploma, ACAMS, or internal audit-related are desirable Proven experience delivering assurance/monitoring reviews or internal audit in Financial Services In-depth knowledge of UK regulatory (FCA, PRA, and JMLSG) requirements in relation to regulatory compliance and financial crime compliance risks Knowledge and experience using data analytics or automated testing tools to enhance assurance work is desirable Solid report writing and presentation skills, able to articulate complex issues clearly and concisely for Senior Management Excellent communication and interpersonal skills, with the ability to constructively partner, collaborate and influence stakeholders at all levels Ability to collaborate effectively across first and second line functions, fostering a culture of risk ownership while preserving assurance objectivity and independence Fluency in Mandarin is preferred Proven analytical and problem-solving capability, including identifying root causes and recommending pragmatic, proportionate solutions Detail oriented with the ability to prioritise tasks, manage multiple reviews simultaneously, and meet deadlines

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.