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 Level 1 Alert Monitoring Associate is primarily responsible for reviewing different types of alerts generated (e.g. on intermediary wires, foreign correspondence banks, and or other unusual activity), via transaction monitoring systems, for potentially unusual and or suspicious activity as it relates to the Bank’s risk appetite and policies. They will maintain all supporting documents to substantiate ultimate conclusion/decision. They will be adhering to and complying with bank policies and procedures, all applicable laws and regulation guidance, and to fulfill the departmental deliverable and regulatory expectations.

Include but not limited to: 

Transaction Monitoring Alert Review, Alert Due Diligence/Alert Research, and Documentation

• Review generated alerts (including Mantas alerts, Compensating Control alerts and other ad hoc alert types) for unusual financial transactions and to determine whether further investigation is warranted
• Complete all the transaction monitoring within the required timeframe, and ensure completion with both work quality and quantity
• Conduct due diligence through internal systems and external sources, collecting and uploading transaction documents to the system, and documenting the reason for the alert disposition to waive close or escalate potentially suspicious activity to L2 Team for further investigation 
• Maintain an active communication with the QA analysts/senior analyst or team lead for guidance during the transaction monitoring period 

• Maintain alerts are fully review and document, including supporting data, analysis, narrative and rationale for disposition, within the case management system
• Report and/or escalate any unusual transaction(s)/activity to L2 team with fully documented 

• Bachelor's degree is required 
• 1-3 years of financial institutions and/or BSA/AML Compliance Related field experience is required 
• Transaction monitoring experience (prefer experience with correspondent banking/intermediary wires) including alert review, case investigation, knowledge of BSA and AML background (Red Flags/Typologies) required 
• Knowledge of U.S. Banking regulations and compliance practice, compliance risk management, and BOC Risk Governance Framework with strong emphasis on all aspects of BSA, AML and OFAC. Demonstrate ability to implement the bank’s policies and procedures required