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 L2 FIU Investigation Lead & Assistant Vice President (AML Compliance, Investigations Operations and Reporting) is responsible for providing Anti-Money Laundering (“AML”) advisory, assisting L2 FIU Team Lead in managing the operational aspects of the Level 2 Investigations Team and the preparation of statistical/data analytics that are used by MIS for management reports for the making of strategic business decisions (e.g. budgeting, capacity forecast, etc.). The L2 FIU Team Lead AVP also supports various AML processes including but not limited to enhanced due diligence, AML typologies analysis, special investigations, quality control, quality assurance, respond and fulfil regulatory request (e.g. OCC, FinCEN, OFAC, etc.), maintain policy and procedural updates, internal correspondence (e.g. IAD, CMTG, OFAC, etc.), conduct trainings, statistical/data analytics, management reporting, project management and any other duties as directed; in accordance with the Bank Secrecy Act, USA Patriot Act, OFAC, AML statutes and other applicable regulatory expectations. This incumbent will also serve as a back-up and deputy to the FIU Team Lead and the Managing Director of Transaction Monitoring in supervising the FIU Level 2 unit and staying up-to-date with new compliance laws, advising management and team of emerging BSA compliance issues.

Include but are not limited to:

FIU Operations and Supervisory Function

• Operational Liaison between L1, L2, L3, and IQA. Act as a change agent for improved team performance
• Provide direct oversight on SAR Investigation quality and address deficiencies
• Supervise the Investigation function and coordinate the workflow of the investigative
• Ensure that case investigations are completed timely to the relevant authorities
• Provide awareness to Head of FIU regarding timeliness of investigations being conducted
• Provide mentoring and constructive feedback to Investigators
• Schedule touchpoints with L2-Anlayst to discuss their goals and performance on an ad hoc basis
• Identify trends and analyze the effectiveness of Investigation process
• Develop and/or enhance training materials and curriculum to facilitate the learning process within the team
• Prepare L2-FIU Investigation Meeting materials and actively participate in them
• Complete various ad-hoc projects and presentations as needed
• Act as the back-up to the Head of the FIU

AML Compliance

• Develop a strong familiarity with pertinent guidance issued/used by industry experts and government entities
• Research and respond to information requests from FinCEN and other government entities
• Discuss emerging AML compliance issues to ensure that management and employees are informed about policies and practices
• Conduct AML typology analysis and provide guidance on special investigations
• Provide AML advisory, guidance and clarification
• Review, update and disseminate written policies and procedures related to AML compliance activities
• Provide recommendations to improve SAR capabilities based on identified risk and control gaps
• Provide approval and guidance to release real-time wires
• Review, assess and respond to CMTG and internal audit concerns and/or identified deficiencies

Reporting and Other Responsibilities

• Review underlying data of management reports prepared by the Data Analyst to ensure accuracy and completeness
• Develop and conduct data/statistical analysis for the purpose of making strategic business decision (e.g. capacity forecast, budgeting, etc.)
• Project Manager managing SAR enhancements (e.g. robotic enhancements, Case Management Tool enhancements, etc.) and regulatory remediation specific to suspicious activity monitoring and reporting
• Develop business requirements for technology upgrades and manage stakeholder relationship

• Bachelor’s degree is required, Master’s Degree or JD preferred
• 4 years of work experience in compliance, legal, and financial industries
• Knowledge of U.S. Banking regulations and compliance practice, compliance risk management with strong emphasis on all aspects of BSA, AML and OFAC
• CAMS certification preferred