Bank of China USA

Runs cross-border banking between the US and China

KYC Enhanced Due Diligence Assistant Vice President

Financial Crime & AMLConfirmed live in the last 24 hours

Full-timeNew York, NY, USA$65k - $150k /yrIn-person

About the Job

Requirements

A bachelor's degree is required.
At least 5 years of BSA/AML/KYC/CIP experience is required.
Knowledge of U.S. banking regulations and a solid understanding of foreign correspondent banking are required.
A good understanding of OFAC, BSA/AML, the USA PATRIOT Act, and risk management principles is required.

Responsibilities

Perform financial institution KYC profiles and enhanced due diligence reviews and quality control.
Perform quality control on completed FCB enhanced due diligence reviews.
Normalize data and conduct research on FCB customers and related transacting parties.
Assist with tracking tasks associated with KYC refresh reviews and enhanced due diligence review processes to ensure accuracy and completion within required procedural timelines.
Assist the Head of the enhanced due diligence team in maintaining the financial institution customer enhanced due diligence program.

Desired Qualifications

CAMS certification is preferred.

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 LCD KYC EDD Assistant Vice President performs the FID customer KYC and EDD processes under the supervision of the head of LCD KYC EDD team. This individual is also responsible for assisting the Head of the EDD team to further enhance the bank’s FCB KYC and EDD review processes.

Responsibilities

Include but not limited to:

Perform FI KYC Profiles and EDD Review and QC
Perform QC on completed FCB EDD Reviews
Perform data normalization and complete FCB customer and related transacting party research
Assist with tracking of tasks associated to the KYC Refresh reviews and EDD Review processes to ensure accuracy and completion within the procedural required timelines
Assist with Head of EDD to maintain the FI customer EDD program

Qualifications

Bachelor Degree required
Minimum 5 years of BSA/AML/KYC/CIP experience required
Knowledge of U.S. Banking regulations with solid understanding of foregin correspondent banking
Good understand of OFAC, BSA/AML, and USA PATRIOT Act and risk management principles
CAMS certification preferred

Pay Range

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

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

Compensation: 65000 to 150000 (USD)

About the Company

Bank of China USA

Runs cross-border banking between the US and China

Bank of China USA, the US branch network of Bank of China, handles banking between the United States and China for companies, financial institutions, and wealthy individuals. It was the first Chinese bank in the United States and uses its parent's global network to connect clients with overseas banking services. Chinese companies operating in the US and Fortune 500 firms use it for corporate loans, trade finance, currency trading and cross-border cash management, paying interest and service fees, while individuals use its personal banking. The US network dates to 1981, when Bank of China, founded in 1912, reopened its operations with a branch in New York, where the US business is based.

Company size: 501-1,000
Company stage: Not listed
Total funding: Not listed
Headquarters: New York City, New York
Founded: 1981

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