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LCD - FLU Oversight Intern

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Bank of China

May 18, 2024

Applications are closed

  • Internship
    Full-time
    Off-cycle Internship
  • Banking & Finance
  • New York

Requirements

  • Bachelor Degree required.
  • experience in financial industry or project management helpful
  • Enjoy working across multiple business lines and functions
  • Excellent communication skills
  • Concise and clear written and verbal communications
  • Fast learner and attention to detail
  • Excellent in MS Excel (charts, graphs, vlookup, pivot table, etc.), PowerPoint and Word

Responsibilities

  • Assist with various regulatory change management tasks
  • Assist with control testing for compliance risk area to the FLUs
  • Assist with monthly and quarterly Compliance Metrics Heat Map tasks as needed
  • Assist with monthly FLU BSA Officer meeting reporting material, and quarterly AMLCC Sub-Committee meeting reporting preparation
  • Assist with minutes for bi-weekly and monthly FLU BSA Officer meeting and other tasks as needed.

FAQs

What is the primary responsibility of the LCD - FLU Oversight Intern?

The primary responsibility of the intern is to assist with business-as-usual (BAU) work in the areas of Regulatory Change Management and FLU (Front Line Unit) Compliance Oversight, with a special focus on FLU testing areas.

What areas will the intern be focusing on during the internship?

The intern will primarily focus on Regulatory Change Management and FLU Compliance Oversight, particularly in the context of FLU testing areas.

Is this internship a full-time or part-time position?

The job description does not specify whether the internship is full-time or part-time; candidates should inquire about the work schedule during the application process.

What skills or qualifications are required for this internship?

While the job description does not explicitly state required skills, candidates should have a foundational understanding of regulatory compliance, strong analytical skills, and an interest in testing and oversight processes.

Will the intern be working independently or as part of a team?

The internship likely involves collaboration with a team, given the nature of Regulatory Change Management and Compliance Oversight, but specific details about the work structure should be confirmed with the hiring organization.

What type of training or onboarding will the intern receive?

The job description does not detail specific training or onboarding processes; however, interns can typically expect some level of training to familiarize them with the organization’s compliance procedures and regulations.

How long is the internship expected to last?

The job description does not specify the duration of the internship, so applicants should ask about the length of the internship during the interview process.

What are the potential career benefits of this internship?

This internship offers valuable experience in regulatory compliance and oversight, which can enhance a candidate's resume and provide networking opportunities in the financial services or regulatory sectors.

Is prior experience in regulatory compliance or testing required for this intern position?

The job description does not mention a requirement for prior experience; however, any relevant coursework or internship experience may be beneficial. Candidates should highlight their interest and any applicable skills when applying.

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Bank of China

Finance
Industry
10,001+
Employees
1912
Founded Year

Mission & Purpose

Bank of China, include BOC Hong Kong, BOC International, BOCG Insurance and other financial institutions, providing a comprehensive range of high-quality financial services to individual and corporate customers as well as financial institutions worldwide. Over the past century, Bank of China played an important role in China’s financial history. It was established in 1912 pursuant to the approval of DR. Sun Yat-sen. In the following 37 years the Bank served as the central bank, international exchange bank and specialized foreign trade bank successively. In 1949, Bank of China became the state-designated specialized foreign exchange bank. In 2003, it was named by the State Council as one of the pilot banks for joint-stock reform of wholly state-owned commercial banks. On August 26, 2004, Bank of China Limited was formally incorporated in Beijing as a state-controlled joint stock commercial bank. Bank of China is the most internationalized commercial bank in China. BOC London Branch, the first overseas branch of the Chinese banks, was established in 1929. Currently, it had over 10000 domestic operations and over 600 overseas operations. In 1994 and 1995, Bank of China became the note issuing bank in Hong Kong and Macao respectively. The Bank prepared a new strategic development plan which was approved by the Board of Directors in March 2009. Strategic Positioning: To be a large multinational banking group based on a diversified and integrated cross-border business platform, with a core business of commercial banking. Strategic Goals: To be a leading international bank delivering growth and excellence.