Legal & Compliance Department - FLU Oversight Intern
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Bank of China
New York, NY, US
Summary
The intern will assist with regulatory change management tasks and control testing for compliance risk areas. They will also support the preparation of reporting materials for FLU BSA Officer and AMLCC Sub-Committee meetings.
Job Description
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
This intern will help with BAU work in areas of Regulatory Change Management and FLU Compliance Oversight, especially in FLU testing areas.
Responsibilities
- Assist with various regulatory change management tasks
- Assist with control testing for compliance risk area to the FLUs
- Assist with monthly and quarterly Compliance Metrics Heat Map tasks as needed
- Assist with monthly FLU BSA Officer meeting reporting material, and quarterly AMLCC Sub-Committee meeting reporting preparation
- Assist with minutes for bi-weekly and monthly FLU BSA Officer meeting and other tasks as needed
Qualifications
- Bachelor Degree required
- experience in financial industry or project management helpful
- Enjoy working across multiple business lines and functions
- Excellent communication skills
- Concise and clear written and verbal communications
- Fast learner and attention to detail
- Excellent in MS Excel (charts, graphs, vlookup, pivot table, etc.), PowerPoint and Word
Pay Range
Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.
USD $19.00 - USD $19.00 /Hr.
Bank of China, include BOC Hong Kong, BOC International, BOCG Insurance and other financial institutions, providing a comprehensive range of high-quality financial services to individual and corporate customers as well as financial institutions worldwide.
Over the past century, Bank of China played an important role in China’s financial history. It was established in 1912 pursuant to the approval of DR. Sun Yat-sen. In the following 37 years the Bank served as the central bank, international exchange bank and specialized foreign trade bank successively. In 1949, Bank of China became the state-designated specialized foreign exchange bank. In 2003, it was named by the State Council as one of the pilot banks for joint-stock reform of wholly state-owned commercial banks. On August 26, 2004, Bank of China Limited was formally incorporated in Beijing as a state-controlled joint stock commercial bank.
Bank of China is the most internationalized commercial bank in China. BOC London Branch, the first overseas branch of the Chinese banks, was established in 1929. Currently, it had over 10000 domestic operations and over 600 overseas operations. In 1994 and 1995, Bank of China became the note issuing bank in Hong Kong and Macao respectively.
The Bank prepared a new strategic development plan which was approved by the Board of Directors in March 2009. Strategic Positioning: To be a large multinational banking group based on a diversified and integrated cross-border business platform, with a core business of commercial banking. Strategic Goals: To be a leading international bank delivering growth and excellence.
Founded
1912
Company size
5,001-10,000 employees
Industry
Finance
Org type
Public Company
Headquarters
Beijing
Bank of China, include BOC Hong Kong, BOC International, BOCG Insurance and other financial institutions, providing a comprehensive range of high-quality financial services to individual and corporate customers as well as financial institutions worldwide.
Over the past century, Bank of China played an important role in China’s financial history. It was established in 1912 pursuant to the approval of DR. Sun Yat-sen. In the following 37 years the Bank served as the central bank, international exchange bank and specialized foreign trade bank successively. In 1949, Bank of China became the state-designated specialized foreign exchange bank. In 2003, it was named by the State Council as one of the pilot banks for joint-stock reform of wholly state-owned commercial banks. On August 26, 2004, Bank of China Limited was formally incorporated in Beijing as a state-controlled joint stock commercial bank.
Bank of China is the most internationalized commercial bank in China. BOC London Branch, the first overseas branch of the Chinese banks, was established in 1929. Currently, it had over 10000 domestic operations and over 600 overseas operations. In 1994 and 1995, Bank of China became the note issuing bank in Hong Kong and Macao respectively.
The Bank prepared a new strategic development plan which was approved by the Board of Directors in March 2009. Strategic Positioning: To be a large multinational banking group based on a diversified and integrated cross-border business platform, with a core business of commercial banking. Strategic Goals: To be a leading international bank delivering growth and excellence.
Founded
1912
Company size
5,001-10,000 employees
Industry
Finance
Org type
Public Company
Headquarters
Beijing
