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 Sanctions Operations Assistant Vice President supports continuous monitoring and transaction review by providing guidance and identifying solutions to business challenges arising in the course of managing sanctions-related risks for real-time transactions. The Sanctions Operations Assistant Vice President supports the Vice President of Sanctions Operations in preparing KPI reporting, USSC communications, and communications to Sanctions Operations team staff.

Include but are not limited to:

Sanctions Operations Monitoring  

• Conduct preliminary investigation of apparent breaches of regulations and/or compliance standards, and escalate findings within Sanctions Team, when required
• Conduct sanctions screenings for hits and maintain detailed documentation
• Identify sanctions compliance issues / concerns and escalate when necessary
• Communicate with the FLUs when payments are identified which are related to entities with previously filed SARS
• Conduct periodic audit reviews of FLU’s transactions to ensure full compliance with all applicable sanctions regulations as well as internal policies and procedures
• Assist with coordination of response for internal and external sanctions/ sanctions-related examinations
• 2nd Level review summary sheet for each affiliate sampling case
• Update and maintain log of sanctions cases, payments and other related transactions

Sanctions Reports

• Assist in the preparation and completion of sanctions risk assessments and other compliance reviews
• Conduct periodic quality review of sanctions data in system and update as necessary
• Prepare sanctions reports, QC reports and communications
• Prepare status summaries, routine and ad hoc reports
• Participate in special projects and/or other duties as assigned

• Bachelor’s degree is required
• 5 years of work experience in a bank or financial institution in a BSA/AML & SANCTIONS internal control capacity preferred
• Knowledge of U.S. Banking regulations and compliance practice with strong emphasis on all aspects of BSA, AML and OFAC
• CAMS certification preferred