Legal & Compliance Department-BSA/AML Strategy, ...

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 SPC Assistant Vice President (AVP) will primarily be responsible for conducting random quality assurance sample testing for BSA/AML Compliance teams. This includes, but is not limited to Transaction Monitoring alert reviews, case investigations, SARs and KYC cases utilizing a defined risk based approach and structured testing framework to ensure compliance with bank policies, procedures and regulatory requirements. This role will also be responsible for assistance with oversight, training, and other SPC initiatives.Include but not limited to:SPC FunctionsPerform reviews of BSA/AML team’s deliverables (e.g., findings, research, narratives, and dispositions) for quality and adherence to the bank’s standards and policiesProvide analyst guidance as deemed necessaryCommunicate quality errors to the respective owner ensuring clear understanding of errors made and develop prevention strategiesAnalyze QA findings for trends and report any concernsReview the QA process and provide recommendations on areas of improvementPrepare summary reports/metrics and present analysis to management (as requested)Report any alerts, cases or SARs that are outstanding past their due date to supervisorReport any critical findings/analysis to supervisor and/or Senior ManagementParticipate, prepare and or respond to inquiries deriving from internal (i.e. IAD/CMTG) or external (i.e. OCC) reviewsParticipate, lead, and/or manage SPC initiatives, the implementation of new processes and special projects.SPC OversightManage and monitor the QA scheduleParticipate and manage SPC related projectsProvide advice on SPC processes and proceduresProvide insights and recommendations in updating departmental processes for operational efficiencyMonitor regulatory activities and industry developments to identify trends and emerging issues that may have an impact on the bank and the compliance testing programLead weekly status team meetings to address and resolve any concerns or deadlines (as required)TrainingProvide instructional leadership and coaching to teamAssist with the design and delivery of trainingEvaluate training program qualification tests and determine eligibility of prospective attendeesCoordinate the logistics for the trainings including scheduling of rooms, preparing training materials, contacting attendees and othersComplete training as prescribed from managementComplianceEnsure compliance with BSA/AML related laws and regulations, identify matters of noncompliance and escalate any issues or concerns as necessary for resolutionProvide timely responses to requests initiated by supervisor, IAD, CMTG, Senior Management, or other internal/external (i.e. OCC) inquires related to positionStay informed of related regulatory matters through Federal agency updates and guidance and through industry webinars and conferencesBachelor Degree requiredMinimum 5 years of experience in AML/OFAC, Banking, Finance, Risk Management, Legal, Compliance or relevant industryKnowledge of U.S. Banking regulationsGood knowledge and understanding of general OFAC, BSA/AML, and USA PATRIOT Act and risk management principlesCAMS certification preferredUSD $65,000.00 - USD $150,000.00 /Yr.

Created: 2025-11-15