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Vice President, Compliance, Bank of America, N.A., Taipei Branch

Taipei, TW

Job Description:

About Bank of America

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world

Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Your background

  • This role is critical to support business activities/regulatory requirements of BANA Taipei, and requires specialized knowledge and experience of the relevant Taiwan banking laws and regulations.  

  • Qualifications: (1) Minimum Years Business & Functional Experience: 5 Years / (2) Degree Required: Bachelor’s Degree or equivalent experience / (3) Knowledge and experience in analyzing and advising rules and regulations relating to financial products and services.

  • The candidate is expected to work closely with another compliance colleague to constitute a sufficient FTE resource to uphold a good compliance and operational risk framework and implementation for BANA Taipei under the support and supervision of the Country Compliance Head.     

What you can expect

  • Team player (not only with stakeholders but also compliance team members).

  • Solid risk framework mindset, i.e. (1) the first line business unit to be foremost responsible for managing all aspects of their businesses, including their compliance and operational risk; and (2) Compliance being responsible for advising and overseeing the first line on applicable laws, rules and regulations.

  • Capacity to handle complex compliance issues involving multiple onshore and offshore stakeholders.

  • Techniques and experiences to handle daily regulator interactions and site exams.

What you will do

  • Identifying, communicating and analyzing/assessing applicable laws, rules and regulations for BANA Taipei (a foreign bank branch in Taiwan) covering general banking financial product and service, outsourcing, information security, etc.; and maintaining regulatory inventory and overseeing / monitoring the changes in policies, procedures, systems, regulatory submissions.

  • Compliance and operational risk monitoring occurring in the country.

  • Country Compliance and operational risk reporting, identifying and aggregating compliance and operational risks/issues for the country and providing insight in to the overall state of Compliance and Operational Risk using certain key metrics, issues, significant regulatory changes, outcome of compliance and operational risk reviews; and help senior management drive the compliance culture.

  • Provide independent view and advice in the governance forums on the matters having bearing on regulatory, reputational or operational risk.

  • Identify, collect, validate and record internal loss events and “near misses”. Perform root cause analyses on internal loss events and develop remediation plans to strengthen controls.

  • Identify, review and document relevant external loss events.

  • Creation of compliance and operational risk training coverage plans to address local needs.

  • Evaluation of internal audit results, regulator identified issues, monitoring & testing results and advising on remediation required in country.

  • Ensuring Compliance and Operational Risk “owned” issues (i.e., Internal Audit, Regulator and Self-Identified issues) are addressed appropriately and timely.

Bank of America is an equal opportunities employer.

Job Band:

H5

Shift: 

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

About Bank of America

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world

Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Your background

  • This role is critical to support business activities/regulatory requirements of BANA Taipei, and requires specialized knowledge and experience of the relevant Taiwan banking laws and regulations.  

  • Qualifications: (1) Minimum Years Business & Functional Experience: 5 Years / (2) Degree Required: Bachelor’s Degree or equivalent experience / (3) Knowledge and experience in analyzing and advising rules and regulations relating to financial products and services.

  • The candidate is expected to work closely with another compliance colleague to constitute a sufficient FTE resource to uphold a good compliance and operational risk framework and implementation for BANA Taipei under the support and supervision of the Country Compliance Head.     

What you can expect

  • Team player (not only with stakeholders but also compliance team members).

  • Solid risk framework mindset, i.e. (1) the first line business unit to be foremost responsible for managing all aspects of their businesses, including their compliance and operational risk; and (2) Compliance being responsible for advising and overseeing the first line on applicable laws, rules and regulations.

  • Capacity to handle complex compliance issues involving multiple onshore and offshore stakeholders.

  • Techniques and experiences to handle daily regulator interactions and site exams.

What you will do

  • Identifying, communicating and analyzing/assessing applicable laws, rules and regulations for BANA Taipei (a foreign bank branch in Taiwan) covering general banking financial product and service, outsourcing, information security, etc.; and maintaining regulatory inventory and overseeing / monitoring the changes in policies, procedures, systems, regulatory submissions.

  • Compliance and operational risk monitoring occurring in the country.

  • Country Compliance and operational risk reporting, identifying and aggregating compliance and operational risks/issues for the country and providing insight in to the overall state of Compliance and Operational Risk using certain key metrics, issues, significant regulatory changes, outcome of compliance and operational risk reviews; and help senior management drive the compliance culture.

  • Provide independent view and advice in the governance forums on the matters having bearing on regulatory, reputational or operational risk.

  • Identify, collect, validate and record internal loss events and “near misses”. Perform root cause analyses on internal loss events and develop remediation plans to strengthen controls.

  • Identify, review and document relevant external loss events.

  • Creation of compliance and operational risk training coverage plans to address local needs.

  • Evaluation of internal audit results, regulator identified issues, monitoring & testing results and advising on remediation required in country.

  • Ensuring Compliance and Operational Risk “owned” issues (i.e., Internal Audit, Regulator and Self-Identified issues) are addressed appropriately and timely.

Bank of America is an equal opportunities employer.

Learn more about this role

Full time

JR-22023792

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Weiliang Xu (徐伟良)

Referral Bonus:

0

Street Address

Primary Location:
NO. 7 XINYI ROAD SECTION 5, Taipei, 11049