Corporate Banking Risk and Control

As a Luxembourg-based bank since 1979, together with the global presence of Bank of China Group, Bank of China Luxembourg has been successfully operating and continually developing its business over the years, and has contributed to the local and worldwide economic and social development. With more than 45 years of expertise and experience in the European markets, Bank of China Luxembourg extended its roots from Luxembourg and covering 14 institutions located in 13 European countries and becoming Bank of China Europe, since 2022.

Bank of China Europe adheres to the guidance of Bank of China group and continues to grow and expand its business coverage across the world, offering comprehensive business solutions to its clients worldwide with its globalized operations and diversified platforms.

Today, Bank of China Europe comprises an international workforce with a multicultural background of more than 30 different countries and regions with over 600 employees.

Due to the continued expansion of our banking activities, we are looking for a Risk and Control member:

Job purpose

We are seeking a detail-oriented Risk and Control member to join our Corporate Banking team, focusing on compliance, risk control, and operational integrity. This role is pivotal in managing client due diligence (KYC/ODD), internal controls, audits, and liaising with risk management teams to address credit/operational risks tied to corporate banking activities. 

Responsibilities would be, but not be limited to, the following:

1. Client Due Diligence & Compliance 

- Conduct Know Your Customer (KYC) reviews for corporate clients, ensuring compliance with AML, CDD, and regulatory standards. 

- Perform Ongoing Due Diligence (ODD) for existing clients including periodic reviews to reassess client risk profiles based on transactional behavior, ownership changes, or business activities.

- Monitoring material changes (e.g., mergers, sanctions, adverse media) and escalating risks proactively.

- Updating client records and documentation to maintain compliance with CDD requirements.

- Prepare due diligence reports and maintain documentation. 

 

 2. Internal Control

- Develop and implement post loan management internal control frameworks to safeguard corporate banking operations. 

- Conduct regular reviews to evaluate control effectiveness and compliance with policies. 

- Identify process gaps, recommend corrective actions, and track remediation progress. 

- Collaborate with Compliance/Risk department to align controls with evolving regulations. 

- Support mitigating risks in transaction processing, fraud prevention, and system resilience.

 

3. Cross-Functional/Sub-Branches Collaboration

- Work with Sub-branches, Relationship Managers, Compliance, Risk and IT to streamline workflows and enhance internal controls. 

Qualifications 

- Education: Minimum bachelor’s degree in finance, Business, Economics, or related field.

- Fluency in English and Chinese, other languages will be considered as an Asset.

- Experience: at least 3 years of experience in corporate banking compliance, risk management or internal control. 

- Track record in KYC, AML or internal control professional experience. 

- Proficiency in KYC tools and MS Office. 

- Knowledge of banking regulations. 

- Soft Skills: Detailed oriented, Analytical mindset, exceptional communication, and ability to simplify complex requirements for stakeholders.