Legal & Compliance Department - L2 Financial Intelligence Unit Associate/AVP

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

1d•$42,000 - $150,000•Onsite

About The Position

The Level 2 Investigations Team Associate / AVP (Investigations Analyst) is responsible for identifying, investigating, and reporting suspicious activity and/or mitigating risks in a timely manner, as further defined in the current Case Investigations and SAR filing Team procedures. This role involves preparing and drafting Suspicious Activity Reports (SARs) with pertinent details and clarity, managing direct customer investigations, conducting continuing preliminary reviews of transactional data, and participating in project work such as system testing (UAT) and anti-money laundering (AML) initiatives. The position also requires communicating apparent anomalies, conducting special investigations, responding to management queries, and assisting in the on-boarding and training of new hires, all while understanding and adhering to applicable laws and regulations.

Requirements

Bachelor’s degree required.
Minimum 4 years of experience in compliance, legal, and financial industries or related fields.
Experience in suspicious transaction/activity monitoring and investigation.
Knowledge of U.S. Banking regulations and compliance practices, compliance risk management, with a strong emphasis on BSA, AML, and OFAC.
Advanced PC skills, including Excel, Word, and PowerPoint required.

Nice To Haves

Advanced degree preferred but not required.
CAMS preferred.
Fluency in Chinese or Mandarin is a plus but not required.

Responsibilities

Responsible for initial case reviews/investigations and/or continuing SARs follow-up review process.
Review alerts escalated by the FLU and other internal/external sources to determine if the activity escalated is suspicious based on analysis of a large scope of transactional data and due diligence.
Manage direct customer investigations, including performing and evaluating investigations in the Case Management Tool (CMT), performing due diligence, Front Line Unit (FLU-BSA) reach out, writing SARs or Decisions Not to File.
Respond to and remediate L3 SAR Team Feedback for case investigations submitted by themselves or other team members.
Perform customer and non-customer ad-hoc investigations when required.
Provide feedback/coaching on accuracy, methodology, and overall quality to L1 based on escalated alerts reviewed.
Manage Fircosoft Filter System wire release investigations for the Bank on behalf of FIU.
Provide updates and awareness to the L2 Case Investigations Team Lead regarding the timeliness of investigations being conducted.
Responsible for Request-for-Information (RFI) due diligence.
Prepare inquiry forms and data to request additional information from other department units/branches of the Bank, other BOC affiliates, or from an external party (e.g., correspondent banks).
Back up and assist in overseeing duties such as IAD/CMTG/OCC Responses, Training, Reporting, Interviewing, and other management functions in a junior role.
Maintain a log of customer investigations and results and report customers who had SAR filings to the KYC Team on a monthly basis and on an ad hoc basis as required.
Maintain a log of Firco wire release investigations and report monthly, and on an ad hoc basis as required.
Participate in Filter Management, where required.
Assist with system testing, communication of apparent anomalies, and conducting special investigations and responding to management queries as part of project work.