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 position will be responsible for performing a range of functions in support of market research, customer service monitoring and expansion, market assessment, SWIFT related maintenance and requests, as well as BSA/KYC duties performance for customer/noncustomer relationships under the direction of the Team Lead. This position not only requires the knowledge of basic BSA/AML laws and regulations but also requires a broad understanding of product and services the Branch offers.
Responsibilities:
Business Development
-
Assist with market research and identify business opportunities
- Conduct sales calls to financial institutions in US/North America (and China) for the purpose of establishing correspondent banking relationship
- Follow up with financial institutions and approach Banks for business opportunities to solidify relationships
-
Maintain regular contact with customers and look for opportunities to deliver added value to the existing customer relationships
-
Assist with the development of new product projects
Relationship and Account Management
-
Manage relations with assigned customers to maintain existing business and seek potential business
-
Monitor customers’ account balance on an ongoing basis and prepare account balance trends
- Review customers’ credit data and analyze financial ratio, spreadsheets, and cash flow worksheets to evaluate the riskiness in customer relationships
- Respond to customer inquiries in a timely manner and coordinate with other departments as needed
- Identify costs and risks associated with accounts and prepare plans to mitigate such
- Organize events, seminars, conferences, receptions and exhibitions to promote the Bank’s brand and business
- Conduct market research, identify business trends that may impact the business, and prepare marketing materials in accordance with the Bank policies, procedures and regulatory requirements
-
Manage accurate recordkeeping of assigned customers for up-to-date documentations
-
Conduct site visits to build relationship with clients and to fulfill due diligence requirements.
Compliance
-
Perform due diligence reviews (e.g. CDD, EDD, sanctions/PEP/Negative News screening) on assigned customer/noncustomer and refresh reviews. Report any unusual activity to supervisor when necessary
-
Conduct monthly screening on clients and related parties
-
Conduct annual and periodic refresh reviews on assigned accounts to ensure compliance with regulatory requirements
-
Continuously monitor assigned accounts and follow up with customers about their transactions
- Ensure transactions are in compliance with Bank policies, procedures and regulatory requirements
-
Review and validate USA Patriot Act certifications/re-certifications
-
Conduct legal and compliance research and provide report of summary of the analysis of laws
-
Process authenticate and revoke RMA keys as per other business request
-
Maintain and create new customer profiles in related system
- Perform account management process from contacting customers, conducting onsite visits, opening accounts, conducting due diligence for customer/noncustomer account, monitoring and closing accounts
-
Prepare routine and ad-hoc reports including AML call reports
-
Assist BSA officer regarding tasks or matters from the compliance department
Qualifications:
- At least a year of work experience in banking/financial services required for Associate level; 4+ years of work experience for AVP level
-
BA/BS idegree n Finance, Economics, Business Administration, Risk or Law is required
-
Knowledge of banking products and services, regulatory and compliance, banking/financial services industry, correspondent Banking Business Knowledge, marketing and risk management and assessment required
-
Bilingual language skills in English and Mandarin is highly preferred
Pay Range
Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.
: USD $42,000.00 - USD $150,000.00 /Yr.
