Founded in 1908, Bank of Communications Co., Ltd. (Stock Code: 3328) is one of the oldest banks in China, and also acted as one of the country’s banknote-issuing institutions. The bank was listed on the Stock Exchange of Hong Kong Limited and the Shanghai Stock Exchange in June 2005 and May 2007 respectively. At present, apart from Tibet, BOCOM comprises 30 provincial branches across provinces, municipalities and autonomous regions, plus a network of 2,637 operating locations in 173 cities and 112 counties nationwide. Beyond China, BOCOM has established overseas centers in Hong Kong, New York, San Francisco, Tokyo, Singapore, Seoul, Frankfurt, Macau, Ho Chi Minh City, and Sydney; one subsidiary bank in the U.K. and one representative office in Taipei. BOCOM’s development strategy is to become a first class listed universal banking group focusing on international expansion and specializing in wealth management.
- Lead and supervise a team to conduct compliance reviews, self-assessments, and ad-hoc projects per compliance plan and regulatory requirements.
- Conduct risk assessments and develop annual compliance review plan to identify and mitigate risks per internal policies and regulatory standards.
- Ensure compliance reviews are conducted effectively and meeting the deadlines, and provide practical recommendations to address compliance review findings for internal stakeholders.
- Assess, review, and report material deficiencies to senior management with recommendations for remediation and system enhancements.
- Act as primary liaison for AML/CFT matters with regulatory authorities, Head Office, and auditors.
- Coordinate AML/CFT reviews conducted by the regulatory authorities, Head Office, external & internal auditors, and follow up on remediation plans.
- Prepare management responses and remediation plans to address regulator examination findings, ensuring full compliance.
- Review internal risk and governance framework on a regular basis to ensure alignment on regulatory requirements and business operations.
- Bachelor’s degree in Law, Accounting, Finance, Business Administration, or equivalent.
- Minimum 10 years of FCC/AML compliance, business operational review, audit experience in banking/financial institutions.Ÿ
- Strong knowledge of HKMA, SFC, IA regulations, AML guidelines, KYC, and compliance review processes.
- Familiar with banking operations, systems, products, and services.Ÿ
- Proficient in written and spoken English, Chinese, and Mandarin.Ÿ
- CAMLP or AAMLP certification highly recommended.Ÿ
- ECF achievement is a strong advantage.