Introduction

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Overview

The incumbent is responsible for assisting with implementation, administering, and maintaining of all aspects of the BSA Compliance Program by performing various reviews and operational support duties. He or she will also perform BSA/AML related control and assists with BSA/AML related projects and tasks.

Responsibilities

Include but not limited to: 

BSA/AML/Consumer compliance Monitoring

• Perform daily review, monitoring and analysis of various reports, logs, and account transaction data to identify trends, unusual activities and monitor large currency activities and report to BSA officer in a timely manner
• Perform in-depth data analysis on various data types such as transaction data, KYC data, system data, etc. to identify issues and/or provide insight into the effectiveness of BSA program and provide feedback to system development
• Conduct transaction monitoring and determine if transactions are suspicious and investigation as necessary
• Assist in updating and revising department’s BSA/AML/Consumer Compliance Policy and Procedures
• Review Appropriately respond to positive hits detected by Bank’s AML or OFAC Check system as directed
• Assist with administration of BSA/AML and other compliance related training programs to all department employees and provide BSA guidance as needed
• Assist with regulatory examinations and internal audits
• Assist with BSA/AML related projects and tasks
• Address and follow-up on BSA/AML/Consumer compliance issue and escalate if applicable
• Maintain current knowledge of all federal and state laws and regulations
• Understand and comply with bank policies, procedures and regulatory requirements
• Process tax compliance levy and subpoenas in a timely manner
• Other tasks assigned by supervisor

Qualifications

• Bachelor’s degree is required; Master’s degree is preferred
• 2 to 4 years’ experience in BSA/AML/OFAC compliance and banking business
• Demonstrate adequate knowledge of BSA, AML, US Patriot Act, OFAC, CIP Regulations and consumer compliance; general knowledge and understanding of banking products, services and operational procedures
• Demonstrate strong communication skills and ability to build effective relationships while providing sound guidance to others
• General knowledge in of banking products, services and operational procedures
• Demonstrate proficiency in Microsoft Office Suite, and general knowledge of bank deposit operations, lending activities, and other commercial banking functions
• BSA/AML/Consumer compliance related certification is preferred
• Bilingual ability in Mandarin (verbal & reading proficiency) is required

Pay Range

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.