Bank of China USA · 2 days ago
Legal & Compliance Department-Regulatory Affairs Office (RAO) VP
New York, NY
Full-time
Onsite
Senior Level, Lead/Staff
$110K/yr - $230K/yr
10+ years expBank of China USA is one of the largest banks in the world, providing a stable financial partner for clients globally. The VP of Regulatory Affairs Office is responsible for managing compliance-related regulatory matters, overseeing communication with regulators, and ensuring timely execution of regulatory deliverables.
Banking
Responsibilities
Serve as the primary liaison with regulatory agencies and the Bank during periodic examinations and BAU or ad hoc inquiries; facilitate prompt review and approval of submissions and commitment closures
Oversee the bank examination process for exams and enhanced continuous monitoring reviews conducted by the different U.S. regulatory authorities
Lead in maintaining fluid and regular communications between the Bank and its regulators
Convey regulators’ inquiry/advice/comments/instruction/concerns to relevant parties and drive a resolution to address those in a timely manner
Support key stakeholders in the writing of regulatory responses ensuring comprehensiveness and consistency across lines of business
Manage escalations related to regulatory matters and/or deliverables, and provide support to ensure proper awareness and communication to applicable stakeholders including the regulators and Executive Management as applicable
Ensure standards are maintained and followed related to the Bank’s regulatory interactions, including exam management, regulatory meeting, request for information and other ad hoc communications
Drive and Execute quality reviews of all regulatory submissions to ensure deliverables meet strict deadlines and fulfil regulatory and quality standards; leverage knowledge of U.S. Banking regulations and compliance rules
Oversee all facets of compliance-related regulatory exams, as well as additional exams covering other Independent Risk Management (IRM) functions, such as Operational Risk Management, etc., as requested by CRO; manage exam requests, meeting preparation and presentation, exam logistics, and communication of exam deadlines and updates to relevant parties, and Senior and Executive Management; and ensure efficient, effective and accurate communication between regulators and the Bank
Oversee the documentation and maintenance of comprehensive records of communications and regulatory affairs in line with both the Bank’s policies/standards and regulatory expectations
Review minutes for regulatory meetings; consider internal stakeholder feedback; maintain RAO records of such
Maintain and communicate the regulatory exam schedule, including exam results and documentation (SL) and key metrics related to RAO functions
Establish and maintain RAO Procedure and relevant processes; facilitate procedure approvals and relevant training, as needed
Periodically review and update the RAO Procedure, and conduct ad-hoc amendment per regulatory requirement or instruction from Management
Develop and drive other regulatory affairs processes, as needed
Oversee coordination and review of regulatory-related information and status updates for periodic reporting to Management and committees
Review and assess items to be submitted for remediation validation and evaluation against stated regulatory expectations
Review supporting documents for remediation to confirm regulatory MRAs/MRIAs are addressed
Provide guidance and support in the development of remediation documentation and supporting information
Monitor and track corrective actions regarding Regulatory Enforcement Action and MRA remediation plan progress; facilitate the preparation and reporting of overall remediation status of open issues to the management team; manage related communication with the regulators on ongoing and timely basis
Organize and participate in internal meetings with stakeholders and management to discuss progress in corrective actions; and Report to Management with most updated information regarding regulatory affairs
Other tasks or projects assigned by the Supervisor, including ad hoc regulatory updates or communications, as requested
Qualification
Required
Master's degree required
10 years of work experience in Financial Crime, Regulatory Compliance, Law, Enterprise Risk Management, Credit Risk, and/ or Exam Management
10 years of work experience in managing projects related to regulatory enforcement actions
Excellent communication skills, and people management/leadership skills
Preferred
J.D. degree preferred
Sound knowledge of Regulatory and Compliance knowledge on BSA/AML and Sanctions preferred
CAMS 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