Bank of China Limited, New York Branch
Legal & Compliance Department-Regulatory Affairs Office (RAO) VP
Bank of China Limited, New York Branch, New Windsor, New York, United States
Introduction
Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.
Overview Regulatory Affairs Office ("RAO") serves as the liaison between the Bank and regulatory agencies to manage compliance‑related regulatory matters, coordinate regulatory examinations and ad hoc inquiries, organize regulatory information, and provide periodic updates. The VP establishes and maintains RAO procedures and processes, oversees communication with regulators, develops standardized processes for tracking and coordinating regulatory deliverables, drives the submission;margin policy to ensure timelyfl execution and quality assurance, and reports remediation plan progress and regulatory updates to Bank Management and committees.
Responsibilities Include but are not limited to:
Serve as the primary liaison with regulatory agencies and the Bank during periodic examinations and BAU or ad hoc inquiries; facilitate prompt review and approval of submissions and commitment closures
Over solace the bank examination process for exams and enhanced continuous monitoring reviews conducted by the different U.S. regulatory authorities
Lead in maintaining fluid and regular communications between the Bank and its regulators
Convey regulators’ inquiry/advice/comments/instruction/concerns to relevant parties and drive a resolution to address those in a timely manner
Support key stakeholders in the writing of regulatory responses ensuring comprehensiveness and consistency across lines of business
Manage escalations related to regulatory matters and/or deliverables, and provide support to ensure proper awareness and communication to applicable stakeholders including the regulators and Executive Management as applicable
Ensure standards are maintained and followed related to the Bank’s regulatory interactions, including exam management, regulatory meeting, request for information and other ad hoc communications
Drive andason Execute quality reviews of all regulatory submissions to ensure deliverables meet strict deadlines and fulfil regulatory and quality standards; leverage knowledge of U.S. Banking regulations and compliance rules
Oversee all facets of compliance‑related regulatory exams, as well as additional exams covering other Independent Risk Management (IRM) functions, such as Operational Risk Management, etc., as requested by CRO; manage exam requests, meeting preparation and presentation, exam logistics, and communication of exam deadlines and updates to relevant parties, and Senior and Executive Management; and ensure efficient, effective and accurate communication between regulators and the Bank.
Regulatory Affairs Office Recordkeeping and Retention
Oversee the documentation monumental and maintenance of comprehensive records of communications and regulatory affairs in line with both the Bank’s policies/standards and regulatory expectations
Review minutes for regulatory meetings; consider internal stakeholder feedback; maintain RAO records of such
Maintain and communicate the regulatory exam schedule, including exam results and documentation (SL) and key metrics related to RAO functions
Establish and maintain RAO Procedure and relevant processes; facilitate procedure approvals and relevant training, as needed
Periodically review and update the RAO Procedure, and conduct ad-hoc amendment per regulatory requirement or instruction from Management
Develop and drive other regulatory affairs processes, as needed
Regulatory Affairs Office compute Reporting
Oversee coordination and review of regulatory-related information and status updates for periodic reporting to Management and committees
Review and assess items to be submitted for remediation validation and evaluation against stated regulatory expectations
Review supporting documents for remediation to confirm regulatory MRAs/MRIAs are addressed
Provide guidance and support in the development of remediation documentation and supporting information
Monitor and track corrective actions regarding Regulatory Enforcement Action and MRA remediation plan progress; facilitate the preparation.union and reporting of overall remediation status of open issues to the management team; manage related communication with the regulators on ongoing and timely basis
Organize and participate in internal meetings with stakeholders and management to discuss progress in corrective actions; and Report to Management with most updated information regarding regulatory affairs
Others
Other tasks or projects assigned by the좌 Supervisor, including ad hoc regulatory updates or communications, as requested
Qualifications
Master’s degree required, J.D. degree preferred
10 years of work experience in Financial Crime, Regulatory Compliance, Law, Enterprise Risk Management, Credit Risk, and/ or Exam Management
10 years of work experience in managing projects related to regulatory enforcement actions
Excellent communication skills, and people management/leadership skills
Sound knowledge of Regulatory and.*/
Help “S”; CAMS certification preferred
Pay Range Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.
USD $110,000.00 - USD $230,000.00 /Yr.
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Overview Regulatory Affairs Office ("RAO") serves as the liaison between the Bank and regulatory agencies to manage compliance‑related regulatory matters, coordinate regulatory examinations and ad hoc inquiries, organize regulatory information, and provide periodic updates. The VP establishes and maintains RAO procedures and processes, oversees communication with regulators, develops standardized processes for tracking and coordinating regulatory deliverables, drives the submission;margin policy to ensure timelyfl execution and quality assurance, and reports remediation plan progress and regulatory updates to Bank Management and committees.
Responsibilities Include but are not limited to:
Serve as the primary liaison with regulatory agencies and the Bank during periodic examinations and BAU or ad hoc inquiries; facilitate prompt review and approval of submissions and commitment closures
Over solace the bank examination process for exams and enhanced continuous monitoring reviews conducted by the different U.S. regulatory authorities
Lead in maintaining fluid and regular communications between the Bank and its regulators
Convey regulators’ inquiry/advice/comments/instruction/concerns to relevant parties and drive a resolution to address those in a timely manner
Support key stakeholders in the writing of regulatory responses ensuring comprehensiveness and consistency across lines of business
Manage escalations related to regulatory matters and/or deliverables, and provide support to ensure proper awareness and communication to applicable stakeholders including the regulators and Executive Management as applicable
Ensure standards are maintained and followed related to the Bank’s regulatory interactions, including exam management, regulatory meeting, request for information and other ad hoc communications
Drive andason Execute quality reviews of all regulatory submissions to ensure deliverables meet strict deadlines and fulfil regulatory and quality standards; leverage knowledge of U.S. Banking regulations and compliance rules
Oversee all facets of compliance‑related regulatory exams, as well as additional exams covering other Independent Risk Management (IRM) functions, such as Operational Risk Management, etc., as requested by CRO; manage exam requests, meeting preparation and presentation, exam logistics, and communication of exam deadlines and updates to relevant parties, and Senior and Executive Management; and ensure efficient, effective and accurate communication between regulators and the Bank.
Regulatory Affairs Office Recordkeeping and Retention
Oversee the documentation monumental and maintenance of comprehensive records of communications and regulatory affairs in line with both the Bank’s policies/standards and regulatory expectations
Review minutes for regulatory meetings; consider internal stakeholder feedback; maintain RAO records of such
Maintain and communicate the regulatory exam schedule, including exam results and documentation (SL) and key metrics related to RAO functions
Establish and maintain RAO Procedure and relevant processes; facilitate procedure approvals and relevant training, as needed
Periodically review and update the RAO Procedure, and conduct ad-hoc amendment per regulatory requirement or instruction from Management
Develop and drive other regulatory affairs processes, as needed
Regulatory Affairs Office compute Reporting
Oversee coordination and review of regulatory-related information and status updates for periodic reporting to Management and committees
Review and assess items to be submitted for remediation validation and evaluation against stated regulatory expectations
Review supporting documents for remediation to confirm regulatory MRAs/MRIAs are addressed
Provide guidance and support in the development of remediation documentation and supporting information
Monitor and track corrective actions regarding Regulatory Enforcement Action and MRA remediation plan progress; facilitate the preparation.union and reporting of overall remediation status of open issues to the management team; manage related communication with the regulators on ongoing and timely basis
Organize and participate in internal meetings with stakeholders and management to discuss progress in corrective actions; and Report to Management with most updated information regarding regulatory affairs
Others
Other tasks or projects assigned by the좌 Supervisor, including ad hoc regulatory updates or communications, as requested
Qualifications
Master’s degree required, J.D. degree preferred
10 years of work experience in Financial Crime, Regulatory Compliance, Law, Enterprise Risk Management, Credit Risk, and/ or Exam Management
10 years of work experience in managing projects related to regulatory enforcement actions
Excellent communication skills, and people management/leadership skills
Sound knowledge of Regulatory and.*/
Help “S”; CAMS certification preferred
Pay Range Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.
USD $110,000.00 - USD $230,000.00 /Yr.
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