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 - Financial Crime, you will support with day-to-day functions and operations within the department in respect of AML/CTF and other financial crime areas. You will ensure the Bank has robust controls around anti-money laundering, terrorist financing, fraud, sanctions and anti-bribery and corruption to remain compliant and adheres to relevant legislations and industry best practices. This is a full time permanent position.

Key responsibilities

Take the lead in the planning, preparation and completion of AML/CTF and other financial crime-related controls as and when required under the guidance of the Team Lead and/or Head of Department In respect of AML/CTF, review regulatory guidance and change, assessing its impact upon the Bank; summarise and distribute outputs with proposals for required actions Assist with the execution of annual risk assessments for AML/CTF, ensuring reviews are conducted in line with policy and in a timely manner Take responsibility for the design and implementation of new AML/CTF policies and procedures as required in order to meet the requirements of new/updated regulations/legislation and Head Office requirements and embed these within the Bank Act as the Bank's subject matter expert in relation to AML/CTF matters including Trade finance instruments (e.g. LC's, SBLC's, Bank guarantees) Represent the department at meetings, including project and product launches, providing support and guidance, paying particular attention to financial crime-related implications and present possible solutions Take responsibility for preparation and collation of the annual MLRO report and any ad-hoc reporting in advance of approval by Head of Department Ensure reporting in respect of AML/CTF outputs is completed accurately and on a timely basis. This includes regular reporting to Senior Vice President and Head of Department, Compliance Committee and Board Meetings as well as ad-hoc management information as required Participate in the planning, preparation and delivery of AML/CTF and other financial crime related training Ensure matters that require escalation are notified to the Senior Vice President in a timely and effective manner to enable support to be provided and where necessary onward notification to Head of Department and MLRO/Senior Management Support the design and implementation of financial crime compliance monitoring plan, ensuring timely Management reporting and support addressing any gaps under guidance of Vice President/Senior Vice President Support departmental AML/CTF related projects focused on enhancing the financial crime risk management framework

Requirements

Degree educated preferably in Law, Banking or Finance ICA Advanced Certification in financial crime or AML/CTF specific certification from ICA, CISI, CAMS or similar Solid financial crime experience in banking Experience in identifying, assessing and advising on financial crime regulatory requirements and change Experience in implementing financial crime regulatory requirements and guidance Experience in drafting financial crime policies and procedures Solid understanding of Retail, Corporate and Wholesale Banking products and related processes Solid understanding of Trade Finance products and related processes Knowledge of FCA/PRA Handbook, JMLSG Guidance Experience in record-keeping and production of MI Good report writing skills Excellent communication skills Team player Good problem-solving 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.