Financial Institutions Compliance Associate
Bank of China, U.S.A. - New York City, NY
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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.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.Compliance ReviewsPerform due diligence reviews of nested relationships in monthly screeningsIdentify nested relationships through transaction data analysisAssist the supervisor to identify and mitigate risks associated with the nested relationshipsProper disposition of name screening alerts including Sanctions/PEP/Negative NewsDocumentation of name screening assessmentCollect data, analyze and prepare compliance reports with supporting documentationReport unusual client findings which might relate to sanctioned individuals/entities, money laundering, terrorist financing or other financial crimesReview and assess alert investigation and escalate to supervisor as neededKeep abreast of compliance and regulatory updates, particularly AML/BSA, sanctions lists by attending trainings, seminars and workshopsMaintain open communications with team by keeping team abreast of regulatory updates, changes in internal policies and procedures and othersProvide support and back up other team members when it’s neededParticipate in special projects and other duties as assignedBachelor’s degree in Finance requiredA minimum of 2 years of work experience in banking/financial service industry requiredKnowledge of accounting, finance, business and banking requiredKnowledge 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 preferredExcellent written and verbal communication and interpersonal skills requiredMust be able to multitask and work in a fast-paced environmentCAMS certification is preferredUSD $42,000.00 - USD $90,000.00 /Yr.
Created: 2024-09-07