Legal & Compliance Department-Compliance Monitoring and Testing Group (CMTG) AVP

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.

The Assistant Vice President performs compliance reviews across the bank to assess compliance with BSA/AML and OFAC, and/or consumer and bank regulatory regulations, rules and requirements. The AVP needs to possess knowledge and practical experience with BSA/AML and OFAC, and/or consumer and bank regulatory compliance regulations, rules and requirements (including so called alphabet regulations), and have experience in compliance testing and/or auditing function. AVP conducts compliance reviews under supervision of a lead tester. Under certain conditions, the AVP may be assigned lead tester of a compliance review.

Include but are not limited to:

Compliance Testing Program

• Perform compliance testing of the bank’s compliance controls, identify issues and make recommendations, and report the result.

• Identify potential compliance risks and recommend resolutions and/or escalate to appropriate individuals to determine if further investigate is deemed necessary.

• Develop test scripts corresponding to scope of the review under supervision of a lead tester.

• Assess the design and operating effectiveness of the tested controls.

• Collaborate with business lines to develop remediation plans to resolve control weaknesses identified in reviews.

• Track and validate the implementation of remedial actions submitted by the remedial action owners to verify that issues were remediated. Follow up with business owners as necessary.

• Participate in preparation of review reports for Management that highlights the scope, testing approach and results of compliance reviews.

Operational Management

• Perform team’s operational tasks and controls as assigned by the Head of CMTG, such as reporting, time tracking, etc.

Compliance Testing Program Administration

• Monitor regulatory activities and industry developments to identify trends and emerging issues that may have an impact on the bank and the compliance testing program.

• Assist in enhancement of Compliance Review Program.

• Bachelor’s Degree is required, JD, MBA or Master’s Degree is preferred
• 5 years of work experience in Compliance Testing, Audit or equivalent area within financial services industry
• Knowledge of U.S. Banking regulations and compliance practices, compliance testing and/or auditing processes and practices
• CAMS Certification is preferred but not required