Total 2 job vacancies by Bank Of China Limited

Job Description

Responsible for the compliance of AML/CFT, Data Protection and Complaint matters of Private Banking Departments:

1. Conduct client on-boarding due diligence assessment and verification of on-boarding documents.

2. Conduct periodic KYC review and trigger KYC review of existing clients.

3. Review on-going screening hits and financial in/out flow of accounts.

4. Review client instruction to update non-financial related information or to request for additional services.

5 Attend to requests or queries from PB front office, Legal and Compliance Department, Internal Auditors and External Auditors on business compliance related matters.

6. Handle client complaints, data protection reporting and other regulatory related reporting to the 2nd line departments.

7.Maintain up to date PB procedures, forms and templates related to business compliance functions.

8. Conduct quarterly AML training and new staff training.

Job Requirements

1. 3-5 years relevant experience in AML/KYC compliance functions in Private banking or wealth management industry.

2. Familiar with local and international regulations related to compliance functions (e.g. MAS Notice 626, CRS, PDPA, PB Code of Conduct and MAS Guidelines on PB Controls).

3. Experience in complaint handling, review of counterparties and investment suitability framework is good to have.

Responsibilities:

· Business Analysis

-Conduct in-depth analysis of the branch's operating trends, profitability, and other key performance indicators.

-Enhance the professionalism, pro-activeness, and foresight of business analysis, aligning with advanced peer industry standards.

-Prepare high-quality monthly business analysis reports and statements for submission to the Head Office and Branch’s senior management.

-Provide meaningful operational insights and actionable recommendations.

· Budget Management

-Develop overall budget targets for the branch, including detailed calculations for existing and incremental business volume.

-Consider factors such as exchange rate and interest rate fluctuations, business progress, and asset-liability repricing.

-Formulate scientifically sound overall budget targets and quarterly development goals.

· Strategic Planning Support

-Assist in the calculation and formulation of the branch's strategic planning goals.

-Benchmark against advanced peer strategies and business models to enhance the branch’s strategic planning capabilities.

Requirements:

· A recognized University Degree, preferably in, Accounting, Finance, Analytics, Statistics or related fields.

· At least 5 years of relevant work experience in audit, financial analysis, and data processing. Preferably with working experience in banking and financial services industry.

· Strong organizational and management skills with the ability to work independently.

· Possess good communication and interpersonal skills, strong analytical and problem solving skill, proficiency in the use of MS Excel/Word/PowerPoint /Access.

· Proficiency in Chinese would be an added advantage as incumbent is required to understand Chinese documents from Head Office