Introduction

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.

Overview

The Compliance Monitoring and Testing Group VP will lead compliance reviews for which s/he was assigned as a lead tester by the Head of CMTG. S/he will supervise work of other testers assigned to the review, manage day-to-day work, assign tasks, and provide guidance and advice.

Responsibilities

Include but are not limited to

Compliance Testing Program

• Lead and /or perform compliance testing, identify issues and make recommendations and report the result
• Assess the design and effectiveness of controls implemented to mitigate the applicable regulatory and consumer compliance risks

Identify potential compliance issues and risks and recommend resolutions and/or escalate to appropriate individuals to determine if further investigate is deemed necessaryDevelop test scripts corresponding to scope of the testing engagement and business expectationsCollaborate with business lines to develop remediation plans to resolve control weaknesses identified through testingTrack and validate the implementation of remedial actions submitted by the business owners to verify that issues identified during testing are remediated. Follow up with business owners as necessaryPrepare reports for Management that highlights the scope, testing approaches, the results and compliance testing activitiesReview processes and recommend areas of improvements

Operational Management

• Lead compliance reviews for which he/she was assigned as a lead tester by the Head of CMTG
• Supervise work of other testers assigned to the review, manage day to day work, assign tasks, and provide guidance and advice

Compliance Testing Program Administration

• Assist in the development and execution of the Compliance Review Program
• Assist in the development of the annual Compliance Review Plan
• Serve as subject matter expert on compliance testing and provide consultative support to business lines on compliance matters
• Monitor regulatory activities and industry developments to identify

Qualifications

• Bachelor’s Degree is required, JD, MBA or Master’s Degree is preferred
• 10 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
• Ability to lead compliance testing review and supervise other testers
• CAMS Certificate is preferred but not required

Pay Range

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.