Legal and Compliance Department-L2 Financial Investigation Unit (L2 FIU) AVP

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:

This incumbent will also serve as a back-up and deputy to the FIU Team Lead and the Managing Director of Transaction Monitoring in supervising the FIU Level 2 unit and staying up-to-date with new compliance laws, advising management and team of emerging BSA compliance issues.

Responsibilities:

Include but are not limited to:

• Operational Liaison between L1, L2, L3, and IQA. Act as a change agent for improved team performance
• Provide direct oversight on SAR Investigation quality and address deficiencies
• Supervise the Investigation function and coordinate the workflow of the investigative
• Ensure that case investigations are completed timely to the relevant authorities
• Provide awareness to Head of FIU regarding timeliness of investigations being conducted
• Provide mentoring and constructive feedback to Investigators
• Schedule touchpoints with L2-Anlayst to discuss their goals and performance on an ad hoc basis
• Identify trends and analyze the effectiveness of Investigation process
• Develop and/or enhance training materials and curriculum to facilitate the learning process within the team
• Prepare L2-FIU Investigation Meeting materials and actively participate in them
• Complete various ad-hoc projects and presentations as needed
• Act as the back-up to the Head of the FIU

• Develop a strong familiarity with pertinent guidance issued/used by industry experts and government entities
• Research and respond to information requests from FinCEN and other government entities
• Discuss emerging AML compliance issues to ensure that management and employees are informed about policies and practices
• Conduct AML typology analysis and provide guidance on special investigations
• Provide AML advisory, guidance and clarification
• Review, update and disseminate written policies and procedures related to AML compliance activities
• Provide recommendations to improve SAR capabilities based on identified risk and control gaps
• Provide approval and guidance to release real-time wires
• Review, assess and respond to CMTG and internal audit concerns and/or identified deficiencies

• Review underlying data of management reports prepared by the Data Analyst to ensure accuracy and completeness
• Develop and conduct data/statistical analysis for the purpose of making strategic business decision (e.g. capacity forecast, budgeting, etc.)
• Project Manager managing SAR enhancements (e.g. robotic enhancements, Case Management Tool enhancements, etc.) and regulatory remediation specific to suspicious activity monitoring and reporting
• Develop business requirements for technology upgrades and manage stakeholder relationship

Qualifications:

• Bachelor’s degree is required, Master’s Degree or JD preferred
• 4 years of work experience in compliance, legal, and financial industries
• Knowledge of U.S. Banking regulations and compliance practice, compliance risk management with strong emphasis on all aspects of BSA, AML and OFAC
• CAMS certification preferred

Pay Range

• USD $65,000.00 - USD $150,000.00 /Yr.