Associate (Legal & Compliance Department)

Associate (Legal & Compliance Department)
Bank of China — New York, NY

Employer: Bank of China Job Title: Associate (Legal & Compliance Department) Job Requisition: 20383.452.8 Job Location: New York, New York Job Type: Full Time Rate of Pay: $65,083.00 to $90,000.00 per year (40 hours per week) Duties: 1\. Ensuring compliance with consumer laws and regulations and serving as back-up for the Head of Consumer and Bank Regulatory Compliance. 2\. Acting as the Community Reinvestment Act (CRA) Officer. This position includes tasks of developing and managing the Banks CRA Program, promoting, reviewing, and tracking the Banks CRA activities, building relationships with communities, and responding to CRA performance evaluation. 3\. Acquiring, maintaining, and refreshing knowledge of consumer compliance industry best practices. 4\. Conduct QA/QC function as required. 5\. Organize, manage, and coordinate the general operation of the Committee. Review and maintain CRA Compliance Committee Charter. 6\. Assist with annual and ad-hoc risk assessments for Consumer and Regulatory Compliance Risk Assessment (e.g., lending, deposits, privacy, and other areas as appropriate). 7\. Perform periodic review of Policies and Procedures, draft Policies and Procedures owned by Consumer and Regulatory Compliance, assisting in the drafting of and execution on the annual Compliance Program. 8\. Assist internal audits and compliance monitoring and testing reviews by providing information and documentation, review and negotiate findings, prepare action plans, track and oversee first line in executing on action plans and documentation for closure. 9\. Provide and present regulatory update information to the Consumer Compliance Committee and other materials per requests. 10\. May telecommute. Requirements: Must have a Bachelors degree in Economics, Finance, Law or related field and one (1) year of experience in experience in the job offered or in an Associate (Legal & Compliance Department)-related occupation. Contact: Email resume to HR_recruitment@bocusa.com and reference Job Code 20383.452.8. EOE: M/F/D/V.