About the role
Financial Crime and Compliance 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 a Senior Officer - Financial Crime (Fraud, ABC & Tax Evasion), you will support the day-to-day management of financial crime operations, focusing on Fraud, Anti-Bribery & Corruption (ABC) and the prevention of Facilitation of Tax Evasion.
You will help maintain robust controls and ensure regulatory compliance while working closely with other teams within the department to manage financial crime risks effectively.
This is a full time 12 months fixed term contract position.
Key Responsibilities
- Propose updates to Fraud, ABC and Facilitation of Tax Evasion related policies via gap analysis exercises on UK legal and regulatory requirements and internal applicable policies
- Support the annual Fraud, ABC and Facilitation of Tax Evasion Business Wide Risk Assessments process
- Review and challenge the day-to-day Fraud, ABC and Facilitation of Tax Evasion queries/escalations from business, including Gift and Entertainment escalations and Associated Person Escalations
- Provide advice and challenge to business lines across wholesale, corporate and retail banking
- Review regulatory guidance and assess its impact upon Bank in relation to Fraud, ABC and Facilitation of Tax Evasion matters
- Support implementation and continual review and enhancement of the Bank's Fraud, ABC and Facilitation of Tax Evasion automated systems including but not limited to designing the relevant rules to be in place
- Prepare regular MI data required for reporting to Senior Management, ensuring that reporting in respect of financial crime is completed accurately and on a timely basis
- Undertake the planning, preparation and delivery of Fraud, ABC and Facilitation of Tax Evasion awareness-related training
- Ensure adequate record keeping of daily activities within the function in support of cross-functional MI and performance management metrics
Requirements
- Degree educated in Law, Banking, Finance, or other relevant subject
- Professional qualification in Financial Crime, Fraud, ABC, Facilitation of Tax Evasion or a related area (e.g. ICA/ACAMS Certificate) is desirable
- Experience in Financial Crime, including Fraud, ABC, Facilitation of Tax Evasion and Gifts & Entertainment, ideally in Retail Banking, Corporate Banking, Financial Markets and/or Trade Finance Banking and/or consultancy experience is preferred
- Experience in record-keeping and production of MI
- Experience in assessing regulatory change and implementing regulatory requirements
- Knowledge of Banking products and operations is preferred
- Knowledge of FCA/PRA Handbook
- Knowledge of JMLSG Guidance, POCA and MLRs
- Knowledge of UK, EU, US and UN sanctions regimes
- Knowledge of EU Financial Crime directives
- Knowledge of the UK regulatory and legislative requirements and industry practice for the financial crime disciplines, including AML/CTF, Sanctions, Fraud, ABC and Tax Evasion
- Report writing skills
- Excellent written and verbal communication skills
- Fluency in Mandarin is a plus
- Team player
- Adaptable to changing circumstances
- Logical, structured and detail focused with the ability to manage a broad portfolio of responsibilities in a timely and proactive fashion
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: Private Healthcare, Pension, Employee Assistance Programme, Complimentary Lunch, Cycle to work scheme, Retail Discounts.