Assistant Vice President - London, United Kingdom - Bank of China

Bank of China

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

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 - Regulatory Policy, you will be responsible for reporting to the Head of Regulatory Liaison in meeting the Bank's legal and regulatory compliance risk obligations and commitments, through horizon scanning for both the wholesale and retail businesses.

This is a full time permanent position.

Key responsibilities

Proactively monitor the legal and regulatory landscape at national level for threats and/or opportunities, which are likely to impact the Bank and have implications to its strategic and operational plans
Act as the primary contact for regulatory policy developments across the Bank
Assist in advising key stakeholders on pending changes to regulation covering the UK perimeter
Perform the initial impact assessments of regulations that effect the Bank
Ensure and maintain tracking of progress of implementation and escalation of issues
Prepare clear and actionable management information to Compliance Committee, Executive Management Committee and quarterly CEO reports on regulatory policy developments
Responsible for delivering regulatory thought leadership and demonstrate persuasion to get buyin and delivery of strategic regulatory initiatives

Requirements:

Degree educated preferably in Law, Banking or Finance
Banking and/or Compliance related qualification
Banking experience with exposure to areas of wholesale and retail banking
Excellent communications skills
Experience in building relationships across a wide range of technical/nontechnical stakeholders within wholesale and retail business
Excellent organisation and project management skills
Experience in drafting internal policies and similar supporting documentation
Comprehensive knowledge of financial products, services and risk management process
Experience in regulatory and technical analysis of requirements
Experience of managing and administering change tracking
Solid leadership skills and team player who is willing to assist others when necessary

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.