Job Description

The Banking Department is a client facing department who is responsible for marketing, on boarding and ongoing management of the client relationship, providing personal and corporate banking services, such as deposits, mortgages, and loans. As an Associate - Business & Risk Control, you will be responsible to ensure compliance with Anti-Money Laundering (AML), Know Your Customer (KYC) and regulatory standards through effective monitoring and risk control. This is a full time permanent position.

Key responsibilities

Conduct daily transaction monitoring to identify potential money laundering trends and red flags Complete Customer Due Diligence (CDD) reviews for existing clients within the required timeframe and ensure the quality of reviews conducted Ensure all CDD reviews meet the compliance standards; liaise with the Financial Crime and Compliance department regarding any differences or discrepancies Liaise with internal teams regarding any discrepancies or additional information required Resolve customer queries and issues promptly Ensure operations comply with internal policies and regulations Liaise with customers regarding Source of Wealth (SOW) and Source of Funds (SOF) as part of the ongoing CDD reviews Ensure clear communication with customers to gather required information for compliance purposes Coordinate responses and instructions with different departments Act as a backup for other team members in compliance and risk-related tasks Assist in handling complex cases, audits and other operational challenges as needed

Requirements

Degree educated in Finance, Economics, Accounting or other relevant subject Relevant experience in conducting corporate CDD reviews Proficiency in AML, KYC and CDD processes, including SironAML operation, Client Onboarding, Periodic Reviews, or remediation projects is a plus but not essential Understanding of banking products and processes Understanding of regulations such as FATCA, JMLSG, AML, FCA and GDPR is a plus Excellent English and Mandarin communication skills Team player with good interpersonal skills Good analytical skills Attention to details

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.