Bank of China USA · 3 months ago
Legal & Compliance Department-Consumer and Regulatory Compliance Team (CRCT) Associate
New York, NY
Full-time
Onsite
Entry, Mid Level
$42K/yr - $90K/yr
1+ years expBank of China USA is one of the largest banks in the world, providing stable financial services globally. The Legal & Compliance Department is seeking an Associate to ensure compliance with consumer laws and regulations, manage committee operations, and assist in various compliance-related activities.
Banking
Responsibilities
Organize, manage, and coordinate the general operation of the Committee
Collect and review Committee materials prior to meetings
Review Committee agenda to ensure that every motion submitted is in accordance with established processes
Provide relevant information and materials per reasonable requests
Assist Committee members with collecting relevant information and requesting relevant departments to provide certain data and materials
Present reports at CCC meetings – Draft and distribute CCC meeting minutes
Keep minutes and ballots on each meeting
Compile all required metrics data at specified frequency per related procedure
Communicate with stakeholders to seek metrics/data, and offer credible challenge as part of validating such metrics/data Ensure metrics/data are appropriately reported to governance committees and regulators (OCC, CFPB, etc.)
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)
Conduct consumer compliance reviews and assessment of relevant activities, practices and products for all BOCUS Branches
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
Work with the business lines to enhance relevant procedures, ensuring alignment with the bank’s policies and compliance with the regulations
Assist in regulatory examination management
Help develop and facilitate the consumer and regulatory compliance training plan
Assist IAD and CMTG review 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
Provide and present regulatory update information to the business and other stakeholders per requests
Prepare monthly and quarterly metrics report, submitting to OCC
Assist with quarterly CFPB package
Assist with quarterly ERA compliance review and challenge, and all other related functions
Conduct QA/QC functions as required
Assist with Head Office reporting and all governance committee reporting
Act as the back-up for CRCT Head, and/or others on the team as required - Assist CRCT Head on ad hoc projects
Qualification
Required
Bachelor's degree is required
1-5 years of work experience in banking industry
Knowledge of consumer compliance laws and regulations
Preferred
CRCM certification preferred
Company
Bank of China USA
Bank of China (BOC) is one of the largest banks in the world, with more than $3 trillion in assets and a footprint that spans over 60 countries and regions.
501-1000 employees
H1B Sponsorship
Bank of China USA has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (57)
2024 (46)
2023 (52)
2022 (67)
2021 (36)
2020 (69)
Funding
Current Stage
Late StageLeadership Team
Peter J Reisman
Managing Director, Chief Communications Officer
Company data provided by crunchbase