Company Description
Industrial and Commercial Bank of China Ltd. is a leading banking group in China and one of the largest commercial banks globally. The bank opened its representative office in New York in 1997.
Role Description
This is a full-time on-site role for an AVP - Corporate Compliance-Monitoring and Testing Specialist located in New York, NY. The specialist will be responsible for conducting ongoing monitoring and testing to ensure the effective execution and sustainability of the New York Branch’s adherence to all regulatory requirements (excluding Financial Crimes Compliance) and escalate any issues of non-compliance. The candidate should have an audit and risk management background in the focus area of corporate compliance area.
Responsibilities:
1. Monitor and test regulatory and internal requirement-related controls in business-level procedures or policies and identify control deficiencies
2. Develop reports of regulatory and internal requirement control deficiencies including documentation of findings and tracking remediation objectives
3. Ensure written monitoring and testing results are thoroughly documented, clearly understood, and escalated appropriately
4. Participate in planning, execution, and reporting of compliance assurance reviews and compliance and regulatory issue validation
5. Stay up to date on federal and state compliance updates and changes to regulations 6. Support in the development of formal Compliance monitoring and testing policies and procedures, work papers, etc
Qualifications
- Compliance Management and Regulatory Compliance skills
- BA
- 5 years in the corporate training field
- Analytical Skills in the finance and Financial Services domain
- Strong understanding of compliance regulations and policies
- Knowledge of financial risk assessment and management
- Excellent attention to detail and organizational skills
- Ability to work collaboratively in a team environment
- Professional certification in compliance or related fields is a plus
- Bachelor's or Master's degree in Finance, Business, Law, or a related field