Job Title

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.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 process to ensure timely execution and quality assurance, and reports remediation plan progress and regulatory updates to Bank Management and committees.Include but are not limited to:Regulatory Affairs Liaison: Communication with Regulators and Bank ManagementServe 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 closuresOversee the bank examination process for exams and enhanced continuous monitoring reviews conducted by the different U.S. regulatory authoritiesLead in maintaining fluid and regular communications between the Bank and its regulatorsConvey regulators’ inquiry/advice/comments/instruction/concerns to relevant parties and drive a resolution to address those in a timely mannerSupport key stakeholders in the writing of regulatory responses ensuring comprehensiveness and consistency across lines of businessManage 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 applicableEnsure standards are maintained and followed related to the Bank’s regulatory interactions, including exam management, regulatory meeting, request for information and other ad hoc communicationsDrive and 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 rulesOversee 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 RetentionOversee the documentation and maintenance of comprehensive records of communications and regulatory affairs in line with both the Bank’s policies/standards and regulatory expectationsReview minutes for regulatory meetings; consider internal stakeholder feedback; maintain RAO records of suchMaintain and communicate the regulatory exam schedule, including exam results and documentation (SL) and key metrics related to RAO functionsEstablish and maintain RAO Procedure and relevant processes; facilitate procedure approvals and relevant training, as neededPeriodically review and update the RAO Procedure, and conduct ad-hoc amendment per regulatory requirement or instruction from ManagementDevelop and drive other regulatory affairs processes, as neededRegulatory Affairs Office ReportingOversee coordination and review of regulatory-related information and status updates for periodic reporting to Management and committeesReview and assess items to be submitted for remediation validation and evaluation against stated regulatory expectationsReview supporting documents for remediation to confirm regulatory MRAs/MRIAs are addressedProvide guidance and support in the development of remediation documentation and supporting informationMonitor and track corrective actions regarding Regulatory Enforcement Action and MRA remediation plan progress; facilitate the preparation and reporting of overall remediation status of open issues to the management team; manage related communication with the regulators on ongoing and timely basisOrganize 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 affairsOthersOther tasks or projects assigned by the Supervisor, including ad hoc regulatory updates or communications, as requestedMaster’s degree required, J.D. degree preferred10 years of work experience in Financial Crime, Regulatory Compliance, Law, Enterprise Risk Management, Credit Risk, and/ or Exam Management10 years of work experience in managing projects related to regulatory enforcement actionsExcellent communication skills, and people management/leadership skillsSound knowledge of Regulatory and Compliance knowledge on BSA/AML and Sanctions preferredCAMS certification preferredUSD $110,000.00 - USD $230,000.00 /Yr.