[ref. k39725021] Financial Institutions Compliance Associate

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 Nested Relationship Compliance Associate will assist the Nested Team Lead and FID BSA Officer in conducting due diligence reviews of nest relationship related activities and bank-wide compliance related tasks to ensure compliance with regulatory, contractual and risk management requirements.

Responsibilities:

• Perform due diligence reviews of nested relationships in monthly screenings
• Identify nested relationships through transaction data analysis
• Assist the supervisor to identify and mitigate risks associated with the nested relationships
• Proper disposition of name screening alerts including Sanctions/PEP/Negative News
• Documentation of name screening assessment
• Collect data, analyze and prepare compliance reports with supporting documentation
• Report unusual client findings which might relate to sanctioned individuals/entities, money laundering, terrorist financing or other financial crimes
• Review and assess alert investigation and escalate to supervisor as needed
• Keep abreast of compliance and regulatory updates, particularly AML/BSA, sanctions lists by attending trainings, seminars and workshops
• Maintain open communications with team by keeping team abreast of regulatory updates, changes in internal policies and procedures and others
• Provide support and back up other team members when it’s needed
• Participate in special projects and other duties as assigned

Qualifications:

• Bachelor’s degree in Finance required
• A minimum of 2 years of work experience in banking/financial service industry required
• Knowledge of accounting, finance, business and banking required
• Knowledge of the laws applicable to money laundering, including the Bank Secrecy Act, The USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements are preferred
• Excellent written and verbal communication and interpersonal skills required
• Must be able to multitask and work in a fast-paced environment
• CAMS certification is preferred

Pay Range

• USD $42,000.00 - USD $90,000.00 /Yr.