What are the responsibilities and job description for the Audit Management Associate position at Bank of China?
Job Description
This incumbent will implement and evaluate the Bank’s audit strategy and program; and provide support to the Audit Management team lead regarding coordination with Bank’s head office.
Job Responsibilities
Head Office Compliance & Audits:
- Prepare quarterly audit management reports to Bank’s head office, U.S Risk Management Committee, and NY senior management
Operations Management:
- Review and update departmental procedures as directed
- Review the audit entity risk assessment
- Assist in drafting audit planning tasks based on U.S regulator and head office’s requirements
- Perform audits by executing approved audit programs. Prepare summary of audit findings and recommendations. Draft audit reports. Communicate audit findings to the auditee. Summarize issues in the audit issues database.
- Collect, understand and organize applicable laws and regulations regarding banking industry compliance for departmental internal training
Job Requirements
· Bachelor’s degree required. Master’s degree is a plus but not required.
· 2 years of related experience and/or training, or equivalent combination of education and experience
· Knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulation; knowledge of risk governance frameworks; compliance knowledge
· Knowledge of internal audit professional practices, risk and controls, policies and U.S banking regulations
· CPA, Audit Certification or CAMS is a plus
· Excellent communication and interpersonal skills
· Bilingual proficiency in English and Mandarin Chinese (both speaking and writing) required
Job Type: Full-time
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Vision insurance
Schedule:
- Monday to Friday
Ability to commute/relocate:
- New York, NY 10018: Reliably commute or planning to relocate before starting work (Required)
Education:
- Bachelor's (Preferred)
Work Location: One location
