Head of Internal Control & Compliance (Head of ICC)

This is a full-time, permanent position requiring five days per week working in office in the office.

The Head of Internal Control & Compliance is responsible for managing the Internal Control & Compliance Department of China Construction Bank Sydney Branch (“CCBS”). The key role of the Head of ICC is to ensure that CCBS conducts its business in full compliance with all Australian and international laws and in full compliance with China Construction Bank (CCB) Head Office and CCBS internal rules and regulations.

The Head of IC&C; is specifically responsible for the development, implementation, and management of the Compliance, Financial Crime and Legal framework for the bank. This includes ensuring adherence to regulatory requirements, safeguarding the bank from financial crime risks, and ensuring the integrity of all operational and transactional processes.

Main Responsibilities

- Compliance Strategy & Framework is a key responsibility, specifically:
- Lead the bank’s Compliance Program, ensuring the creation and implementation of a robust compliance framework aligned with local and international regulations (including Head Office prescribed guidance), and that the framework is actively used, monitored, reported and adjusted when required;
- Provide strategic direction for the Compliance function and resources, ensuring consistency with the bank’s overall objectives and risk appetite;
- Escalate Compliance-related risks, regulatory developments, and value-add internal policy improvements; and
- Ensure optimal resourcing, structure and organisation of workflow to support achievement of Compliance initiatives.

- Manage Financial Crime, specifically:





- Oversee and provide support to the Financial Crime team in respect of AML, CTF, sanctions, fraud and ABC;
- Review, approve and enforce Financial Crime policies and procedures, ensuring compliance with regulatory requirements;
- Support and where necessary drive investigations into financial crime-related matters, ensuring timely escalation, appropriate remedial actions, and regulatory reporting;
- Ensure optimal resourcing, structure and organization of workflow to support achievement of Financial Crime initiatives;
- Embed technology initiatives where they are supported locally and by Head Office.

- Undertake Regular Risk Assessments across both Compliance and Financial Crime:

- Conduct regular Compliance and Financial Crime specific reviews, including identification of gaps, vulnerabilities, best practice and emerging risks;
- Assist first line in developing policies by initiating, reviewing and generally contributing to the improvement and enhancement of CCBS’ processes, risk management and compliance culture;
- Implement effective Compliance monitoring, by way of identifying risks, supporting control mechanisms, and mitigating risks; providing results of monitoring and
- Collaborate internally to ensure “Compliance Systems” (both IT and manual) are optimally used for monitoring, surveillance and reporting of risks.

- Manage Legal Function,



specifically:

- Oversee and provide support to the Legal function;
- Ensure all internal legal matters are dealt with including where outsourced and managed through the briefing of external lawyers;
- Oversight of all Legal policies, procedures and decisions;
- Provide regulatory change and legal advisory leadership including the tracking, interpretation and implementation of legal and regulatory change to ensure these requirements are incorporated in the Branch’s Compliance policies.

- Delivery of Policy and Procedures:

- Determine where policy and procedure new formulation is necessary or the existing requires uplift to facilitate the effective management of Compliance, Financial Crime, and Head Office or Regulatory reporting;
- Ensure policies remain up-to-date and relevant, taking into account the evolving regulatory landscape and emerging risks that impact CCBS; and
- Responsible for review and approval of all relevant policies and procedures that contribute to the effective regulatory, legislative and operating function of the bank.

- Management of Regulation and Legislation:

- Ensure that 1st line has all necessary training (face to face and on-line) provided by the Financial Crime and Compliance teams to understand their obligations;
- Ensure that IC&C; is proactive in the support of all 1st line requests which are measured and monitored;
- Maintain strong relationships with ASIC, AUSTRAC, APRA, OAIC and any other Australian Regulator which CCBS has interaction with as part of the licence requirements;
- Understand the ASIC and APRA licence as it relates to CCBS including products, services, systems, staff, polic

📌 Head of Internal Control (Australia)
🏢 China Construction Bank
📍 Australia