This is a Permanent, Full Time vacancy that will close in {x} days at {xx:xx} BST.
About the role
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 Compliance, you will provide oversight and support to business lines on conduct risk. You will also develop and implement compliance risk assessments across the business lines. This is a full time permanent position.
Key responsibilities
Review and oversight of business line RCSA/risk identification, oversight and support, and setting of KRIs
Develop compliance related data, MI, and produce reports and heat maps
Develop and implement compliance risk assessments across the business lines
Provide advice and support to relevant areas of the business in relation to payments services and processes and PSR obligations
Oversight, advice and support around depositor protection/FSCS
Participate in the horizon scanning process, including escalations, advice, impact analysis, project initiation and support as required
Design and implementation of Regulatory Compliance policies and procedures as required in order to meet the requirements of new/updated regulations/legislation and embed these within the Bank
Act as the Bank’s subject matter expert in relation to Regulatory Compliance matters and high level of knowledge in in the FCA handbooks
Respond to requests for advice from business units, support departments and/or branch offices and positively provide the appropriate level of support
Represent the Compliance Department at meetings, including project and product launches, providing support, guidance, check and challenge and present possible solutions
Support the VP in Compliance-related projects in respect of Regulatory Compliance including participating in the Regulatory Compliance Forum
Participate in the planning, preparation and delivery of Regulatory Compliance related training
Ensure reporting in respect of outputs and regulatory change is completed accurately and on a timely basis
Support the VP in ensuring the Team’s tasks are allocated and undertaken accurately and in a timely manner by Team members
Requirements
Degree level educated in Law, Banking, Finance or other equivalent
Banking and/or Compliance related qualification
Experience gained at a major international law firm, corporate or financial services institution assessing regulatory change and impact, with exposure to the varied compliance tasks and an understanding of the potential compliance implications
Solid banking experience
Experience in drafting policies and procedures
Knowledge of the FCA Handbook knowledge including: COBS, MCOBs, BCOBS, PSR, CONC, DISP, SYSC, PRIN 12; and FSCS, and ability to advise in these areas
Deep knowledge of Conduct Risk and Consumer duty
Solid commercial acumen and analytical skills with the ability to transform problems into a workable solution within a business context
Logical, structured and detail focused with the ability to manage a broad portfolio of responsibilities in a timely and proactive fashion
Demonstrated leadership skills and team player who is willing to assist others when necessary and appropriate
Excellent communication skills with ability to influence at all levels
Excellent report writing skills
Working here
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.
Learning and Development
We strive to offer you a continuous learning environment and we will invest in your development. We provide personalised and varied learning tools to support your growth and career through:
access to the best in class qualifications from leading professional bodies such as the Professional Bankers Certificate and Green & Sustainable Finance Certificate from the Chartered Banker Institute
24/7 on-demand access to over 600 e-tutorials to build and refresh core and advanced banking knowledge
regular pan-bank stay connected sessions to keep in touch with what is going on across the bank and build your network
exploring your unique and collective strengths and development areas to become the best version of yourself using the globally renowned Insights personality profile
developing our People Managers to help coach and guide you towards success, through our 9-month People Manager Development Programme
encouraging a “growth” personal mindset and promoting continuous professional development (CPD) through annual events such as Learning at Work Week
embracing change in a fast-moving industry and encouraging a forward-looking perspective on career development to “future-proof” your career
promoting cross cultural intelligence and to seek out diverse and inclusive perspectives on challenges faced and their solutions
Benefits
We provide an attractive and comprehensive benefits package, offering flexibility that can enable you to select the benefits that suits your needs, including:
Celine Luo Assistant Vice President, Financial Crime and Compliance
Bank of China is a great platform for everyone who wants to gain different knowledge and self-development. I started as a Junior Associate and had the opportunities to gain invaluable working experience in two different departments. I am happily working here, as an Assistant Vice President in the Financial Crime and Compliance department. I believe I will continue to grow here, not only in my career development but also in my personal wellbeing.
Daniel Shulakov Senior Associate, Credit Management
I joined Bank of China as a university graduate and I believe I have found the best place for me. From the first day my priority was always to learn. This was quickly recognised by my department, which provided me with the platform to grow, and my colleagues have been very helpful in the guidance they have provided me with along my journey. There are ample opportunities to grow with the Bank and it all depends on how much one would like to develop themselves.
Rita Cobbold Vice President – Head of Customer Due Diligence, CFU Middle Office
I have been working at Bank of China for almost 8 years. In March 2022 I was promoted to VP - Head of Customer Due Diligence and I lead the CDD Unit. There are so many great things about working for the company. My favourite is probably the Bank’s commitment to identifying talent and nurturing them to develop into great leaders. The Bank embraces employees of all experience levels, backgrounds, and beliefs. They understand the value of a diverse team and make efforts to hire a variety of people. Working here has really enhanced my knowledge, my understanding of different cultures, leadership skills and a sense of direction for the future.
Over the past four years at Bank of China UK, I have had the opportunity to grow both professionally and personally in my role as the Security Operations and Risk Manager. My role involves safeguarding the bank’s operations through robust risk management and proactive security strategies. Every day brings new challenges, and the dynamic nature of the role keeps me engaged and motivated. One of the most rewarding aspects of working here is being part of a truly diverse and multicultural environment. Collaborating with colleagues from different backgrounds has broadened my perspective and enriched both my professional and personal experiences.
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Privacy Policy
Candidate Privacy Notice
Candidate Privacy Notice only applies to candidates who have submitted an application and CV for an existing employment opportunity at the Bank. Employees including any temporary employees of the Bank should refer to the Privacy Notice for Staff.
The purpose
This privacy notice explains how we gather and use data about you during the recruitment process and sets out your rights. It is important that you read this privacy notice, together with any other privacy notice we may provide on specific occasions when we are collecting or processing personal data about you during the recruitment process, so that you are aware of how and why we are using such information. We regularly update this privacy notice. Last update: December 2023.
Who we are?
When we say 'we' or 'us' in this privacy notice, we mean Bank of China (UK) Limited and Bank of China Limited, London Branch.
When we say 'Group' in this notice, we mean other members of the Bank of China Group of companies, including holding and subsidiary companies. More information about the Bank of China Group can be found at www.bankofchina.com
If you have a question about something in this privacy notice, or want to contact our Data Protection Officer (DPO), please write to this address: Data Protection Officer, Bank of China (UK) Limited, 1 Lothbury, London, EC2R 7DB or email datapro.uk@bank-of-china.com
What kind of information do we collect about you?
We process the minimum data required for assessing your suitability for the role you have applied for or are interested in.
When you apply for a job or let us know you are interested in working for us, we ask for:
Your name, contact details, date and place of birth;
Your education and work history, professional qualifications and skills, including the dates;
Your right to work in the UK (Nationality, passport, visa etc.);
Details of your current salary and other aspects of your current compensation and benefits package, and what you desire for these in the new position;
Your current notice period.
If we invite you for an interview, we collect interview notes taken during the interviews that are relevant to your application.
Proof of your identity and current and previous addresses in the UK and abroad;
Details of your referees so we can contact them. Current and previous employer contact for confidential references, to include regulated references where required;
Details of specific needs you want to inform us about, so we can make reasonable adjustments for your interview.
It is your decision whether to provide this information, but if you choose not to we might not have enough information about you to consider your application.
We also ask for the following ‘special category data’. This is entirely voluntary and the data will remain anonymous.
Ethnicity;
Gender identity;
Sexual orientation;
Religious or philosophical beliefs;
Disability and neurodiversity status.
There is more information on how we use ‘special category data’ below.
Also, apart from the personal data we directly collect from you, we collect your personal data from external sources. We may get your contact details and professional profile from:
Recruitment or executive search agencies;
Professional networking sites or other public sources such as social media and job boards.
If you are offered a position with us, we’ll also collect:
Results of background checks relating to you. This will include information about criminal convictions, and your immigration status, if you are not from the UK;
References from previous employers.
How we use your information
In the UK, we need to have a legal basis to process your personal data. These are:
Contract – Where we need to process your personal data to take steps prior to entering into an employment contract (or other type of contract) with you;
Our Legal Duty – Where there is a law or regulation saying we must process your personal data to decide whether to enter into an employment contract (or other type of contract) with you;
Our Legitimate Interest – Where it is necessary for us to use your personal data for our legitimate interests. It means using the data in a way which doesn’t override your interests and fundamental rights and freedoms;
Public Interest – Where we need to use the information to perform a specific task in the public interest;
Vital Interest – Where we need to use your information to protect your life, or someone else’s life, and have no way of asking for your permission;
Consent – We have your consent to process your personal data for a specific purpose.
In this section, we explain which one we rely on to use your data during the recruitment process.
We need to use your data to enter into a contract with you, so we can:
Contact you during the application process;
Carry out background checks;
Carry out fraud prevention checks;
Consider your suitability for the role you are applying for;
Get references and check information you provide in your CV.
We need to use your data to comply with the law, so we can:
Check your right to work in the UK;
Run criminal background checks (DBS);
Learn about your fitness and suitability for a Senior Manager Role (as part of the Financial Conduct Authority’s ‘fit and proper test’) if applicable.
We need to use your data when it’s in our ‘legitimate interest’, so we can:
Run our recruitment processes (including our applicant tracking system);
Keep a copy of your application data if you let us know you want to be considered for other roles.
We need your consent to use your data, so we may ask:
For your permission to carry out criminal background checks for all roles;
If you want to share details about yourself on a voluntary basis to help us with our diversity and inclusion monitoring.
Special Category Data – What is it and how do we use it?
Special category data is information that can reveal a person’s racial or ethnic origin, political opinions, religious or philosophical beliefs or trade union membership, as well as genetic or biometric data (if used for identification purposes) and data concerning a person’s health, sex life or sexual orientation. We may need to process special category data about job applicants. In the UK, the law states that we need a second lawful basis to process special category data in addition to contractual or legal duty, legitimate interest, public interest, vital interest or consent. This second lawful basis can be: explicit consent, exercising legal rights in the field of employment, protecting vital interests, establishing, defending or exercising legal claims or reasons of substantial public interest. We can also process special category data that applicants have chosen to share publicly. In this section we explain which lawful bases we rely on to use your ‘special category’ data in a certain way.
Using the data is necessary for reasons of substantial public interest.
When you apply for a job with us, we collect information you share about your sexuality, racial and ethnic origin, religious or philosophical beliefs and health with your consent and for reasons of substantial public interest. We need to use this information to make sure we give job applicants equal opportunity and treatment regardless of their demographic. Providing this data is voluntary and does not affect your application in any way and remains anonymous.
Who we share your data with
Organisations that help us recruit and therefore need to process your personal data
Recruitment or executive search agencies that help us with the recruitment process;
Our third party supplier, a company who runs background and reference checks on our behalf and help us with background checks;
Credit reference agencies in order to conduct financial checks (with your authorised consent).
References if your application is successful
We contact references you have listed to learn more about you. We only tell them your name and who we are.
The FCA and other authorities
We have a legal duty to let the FCA know about certain roles we fill. This includes declaring if a candidate (for a certified and senior role) has a criminal record in certain circumstances.
Public bodies
We ask the Disclosure and Barring Service to check your criminal record.
Consultants and legal advisors
We may share your details with consultants and legal advisors if this is necessary to resolve an issue or get advice on your suitability for a role.
How long do we keep your data?
If your application is unsuccessful, we keep your CV and other personal data related to your application for 1 year in case we face a legal challenge about our decision. If you are unsuccessful but would like us to keep your information for other job vacancies, we keep your data for two years. If you would like to delete your details from the system you can do this anytime by accessing your candidate area. If your application is successful and you take up a role at the Bank, the staff privacy notice will be made available to you which explains how we gather and use data about you during your employment.
Where we store or send your data
In order to make an offer, your personal data (Name, Surname, Passport, education background, work experience, role applied for, job title and department) will be shared with HR in Head Office China in order to obtain approval to hire. Where we share your data with Head Office China, we use specific contracts approved by the European Commission or the United Kingdom which gives your personal data the same protection that it has in the UK or EEA.
If you would like further information about the specific mechanisms we use when transferring your personal data out of the UK or EEA, please write to: Data Protection Officer, Bank of China (UK) Limited, 1 Lothbury, London, EC2R 7DB or email datapro.uk@bank-of-china.com
Your rights
You have a right to:
Access the personal data we hold about you (make a data subject access request);
Ask for a copy of your personal data in a portable (machine-readable) format or make us send it to someone else;
Ask us to correct inaccurate data;
Ask us to delete, block or suppress your data. For legal reasons, we might not always be able to do so. There may be times when we continue to use your data when we say it’s in our ‘legitimate interest’ or we have a legal duty to do so;
Withdraw any consent you’ve given us;
Ask a member of staff to review an automated decision.
How to make a complaint
If you have a complaint about how we use your information, please contact our Data Protection Officer, Bank of China (UK) Limited, 1 Lothbury, London, EC2R 7DB or email datapro.uk@bank-of-china.com
If you’re still unsatisfied you can refer your complaint to the UK’s data protection regulatory body, the Information Commissioner’s Office (ICO). For more details, visit their website at ico.org.uk.
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