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Assistant Vice President - Regulatory Compliance

Location London
Department Financial Crime and Compliance
Mergefield Title {Mergefield Value}
Mergefield Title {Mergefield Value}

This is a Permanent, Full Time vacancy that will close in {x} days at {xx:xx} BST.

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

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.  

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 

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.

Ashley Watson
AVP – Security Operations & Risk Manager, General Administration

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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