Financial Institutions Department-Chinese Relationship Management Associate/AVP

Bank of China Limited, New York Branch•New York, NY

27d•$42,000 - $150,000

About The Position

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.

Requirements

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

Nice To Haves

Bilingual language skills in English and Mandarin is highly preferred

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
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.
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