Financial Crime Operations department is responsible for ensuring that all financial crime risks in Bank of China (UK) Limited and Bank of China Limited London Branch (jointly referred to as the Bank) are identified, managed or mitigated within the first line of defence (1LoD).
A key component of the department's coverage is responsibility for the Bank's operational adherence to the UK regulatory requirements, namely with regards to Customer Due Diligence (CDD), Fraud Prevention and Management, Sanctions Screening, Transaction Monitoring and the provision of adequate training and support to the front line business.
As a Senior Officer - CDD Quality Control, you will be responsible to ensure the Bank's customer's risk assessments have been completed in a complete, correct and timely manner taking into consideration all types of financial crime risks.
This is a full time permanent position.Key responsibilitiesReview and/or complete customer risk assessments with regards to Retail, Corporate, Wholesale and Financial Institutions meeting the Bank's internal policies, procedures, and other regulatory & mandatory requirementsReview and/or complete onboarding, periodic reviews and event driven (trigger reviews) reviewsConduct PEP, Sanctions and adverse media searches with appropriate discounting of riskEstablish a professional and mutually beneficial working relationship with the frontline and second line of defence (2LoD) to enhance clients experience on an ongoing basisConduct 4-eye checks as a means of quality controlProvide effective, detailed feedback on the result of Quality Control and Quality Assurance reviewsKeep accurate records and Management Information on clientsSupport with policies, procedures, processes and records management documentsComplete customer files to agreed standards and to the Bank's CDD Policies and ProceduresRequirementsDegree educated in Business, Finance or other equivalentDemonstrated AML / KYC / CDD experience in either client onboarding, periodic reviews or remediation projectsExperience in analysing complex ownership structures (e.g.
SPV's, Hedge Funds, Trusts)Solid knowledge of the UK's Financial crime legal and regulatory framework (including JMLSG guidance)Ability to adapt to different situations and a quick learner Attention to detailCritical thinking and investigative skillsReport writing skillsTeam player who is able to use their initiative and work with autonomyExcellent communication skills with the ability to interact confidently with peers, Management, frontline and other stakeholdersFluency in Mandarin is desired but not essentialProficient in Microsoft Office (Excel, Word and PowerPoint)