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.

The AVP on the AML Compliance Audit Team is primarily responsible for supporting the oversight, design and execution of the annual AML Audit Plan, inclusive of AML audits, issue validations, continuous monitoring, risk assessment updates, and other ad hoc projects, as they arise.

Annual AML Audit Plan Execution – 60%

• Prepare for each assigned audit by reviewing all relevant materials;
• Design and execute assigned audit tests timely and within BOC IAD Methodology and IIA workpapers quality standards; 
• Document all audit test results in accordance with BOC IAD Methodology and IIA workpapers quality standards; 
• Critically analyze all documentation, records, reports, processes, etc. to ensure compliance with regulations, regulatory expectations and internal policies and procedures, and recommend opportunities to strengthen the internal control structure, where applicable;
• Communicate audit progress and potential gaps/findings timely; and
• Ensure the end deliverable is complete, accurate, and timely, and incorporate any applicable feedback.

Management Action Plans Oversight – 15%

• Evaluate management action plans to ensure that they adequately address the audit issues identified;
• For assigned issue validations, design and execute audit tests timely and within BOC IAD Methodology and IIA workpapers quality standards; 
• Document issue validation test results in accordance with BOC IAD Methodology and IIA workpapers quality standards;
• Follow-up with the responsible business and compliance managers and their teams to ensure control issues are effectively resolved; and
• Coordinate with the key stakeholders to identify emerging issues and thematic or systemic control issues affecting the Bank’s US operations.

AML Audit Strategy and Testing Program Monitoring – 10%

• Conduct continuous monitoring and quarterly risk assessments timely;
• Understand the changes to the internal and external environment, assess the impact, communicate any emerging issues to management and adjust validation strategy and/or testing program/coverage, where necessary;
• Support the update of risk assessments and audit plans; and
• Establish and maintain relationships with internal Compliance and Business stakeholders.

AML Audit and SME Continuing Education and Skills – 10%

• Incorporate any feedback received from the Auditor-in-Charge and Team Lead into future projects;
• Partner with data analytics, where possible, to develop innovative audit automated test tools;
• Proactively identify and participate in educational opportunities, reading professional publications, maintaining personal networks, and participation in professional webinars and organizations;
• Cross-train on all AML and Sanctions Compliance Program components;
• Maintain all required professional certifications; and
• Complete all assigned training courses timely and successfully.

Other – 5%

• Assist with regulatory and external auditor inquires and ad hoc projects, as required; and

Support other departmental initiatives.

• Work experience in a control, risk, compliance or audit role at a banking organizations or regulatory experience, and strong knowledge of BSA/AML regulatory requirements – 4+ years.
• Bachelor’s Degree is required.
• Master’s in business or related topic is a plus, Juris Doctorate (J.D.) is a plus.
• CAMS or other similar designation is preferred.