Full-Time
KYC Enhanced Due Diligence Assistant Vice President
Legal & Compliance Department, Edd
Bank of China USA
51-200 employees
Global corporate banking and trade services
Compensation Overview
$65k - $150k/yr
New York, NY, USA
In Person
Bachelor's
 Risk & Compliance (1) |
|---|
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- A bachelor's degree is required.
- A minimum of 5 years of Bank Secrecy Act, Anti-Money Laundering, Know Your Customer, or Customer Identification Program experience is required.
- Knowledge of United States banking regulations and a solid understanding of foreign correspondent banking are required.
- A good understanding of the Office of Foreign Assets Control, Bank Secrecy Act/Anti-Money Laundering, the USA PATRIOT Act, and risk management principles is required.
- Perform financial institution Know Your Customer profiles and enhanced due diligence reviews and quality control.
- Perform quality control on completed foreign correspondent banking enhanced due diligence reviews.
- Perform data normalization and complete foreign correspondent banking customer and related transacting-party research.
- Assist with tracking tasks associated with Know Your Customer refresh reviews and enhanced due diligence review processes to ensure accuracy and completion within required procedural timelines.
- Assist the Head of Enhanced Due Diligence in maintaining the financial institution customer enhanced due diligence program.
- Certified Anti-Money Laundering Specialist certification is preferred.
Bank of China USA provides financial services to corporate and individual clients by leveraging Bank of China’s global network, offering corporate lending, trade services, global markets and currencies, U.S. dollar clearing, and personal banking. Its products include cross-border banking, RMB settlement and clearing, currency trading, and cross-border cash management for Chinese companies in the U.S., Fortune 500 firms, U.S. firms, financial institutions, and high-net-worth individuals. The company differentiates itself with a global footprint spanning 60+ countries, a long-standing role as the first Chinese bank in the United States, and deep expertise in RMB settlement and international market access. Its goal is to help clients grow in the U.S. and international markets through stable financial partnerships and premium cross-border solutions, while also supporting communities with financial education and local initiatives.
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
New York City, New York
Founded
1981
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Simplify's Take
What believers are saying
- June 2026 instant remittance with J.P. Morgan highlights cross-border payments strength.
- Spring 2026 China trade events in Los Angeles and New York expanded deal flow.
- July 2026 LEADERS interview signals management confidence in technology and risk discipline.
What critics are saying
- OCC and PBOC fined Bank of China's U.S. branches $20 million in 2025.
- Chinese banks face Washington sanctions and AML scrutiny; any control failure triggers faster OCC action.
- A renewed U.S.-China trade shock or Taiwan crisis can choke correspondent banking overnight.
What makes Bank of China USA unique
- Lily Ren, appointed April 2026, leads a 45-year U.S.-China bridge franchise.
- BOC U.S.A. has 64-country backing and over 90 percent U.S.-based clients.
- The Asset named its U.S. branches Best RMB Bank for six straight years.
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