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

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 2 Investigations Team Associate / AVP (Investigations Analyst) is responsible for (but not limited to) 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. Prepare and Draft SARs with pertinent details and clarity as per the current SAR/Investigations Team procedures. Manage direct customer investigations. Conduct continuing preliminary reviews (compile, review/analyze wire transactional data, differentiate continuing and non-continuing activities); Project work which may include assisting with system testing (UAT) and/or various anti-money laundering (AML) initiatives; Communication of apparent anomalies, conduct special investigations and responding to management queries. Assist in the on-boarding and training of new hires; prioritizing work to ensure all deadlines are met. Understand and adheres to both the letter and the spirit of all laws, regulations and regulatory guidance that apply to the role.

Include but are not limited to

• 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. Investigation work includes but is not limited to performing & evaluating investigations in Case Management Tool (CMT), performing due diligence, Front Line Unit (FLU-BSA) reach out, writing SAR or Decision Not to File.
• Responds and remediates L3 SAR Team Feedback for case investigation submitted by themselves or other team members, as required.
• Performs customer and non-customer ad-hoc investigations when required.
• Provide feedback/coaching on the accuracy, methodology, and overall quality to the L1 based on escalated alerts reviewed.
• Manages Fircosoft Filter System wire release investigations for the Bank on behalf of FIU.
• Provide updates and awareness to L2 Case Investigations Team Lead regarding timeliness of investigations being conducted, as applicable.

• Responsible for Request-for-Information (RFI) due diligence.
• Prepare inquiry form and data to request additional information from other department unit/branch of the Bank, other BOC affiliates or from an external party (e.g. correspondent banks).
• Back up and assist in overseeing duties such as but not limited to IAD/CMTG/OCC Responses, Training, Reporting, Interviewing, and other management functions in a junior role.
• Maintains a log of customer investigations and results and Reports customers who had SAR filings to KYC Team on a monthly basis and on ad hoc basis as required.
• Maintains a log of Firco wire release investigations and reports monthly, and on an ad hoc as required.
• Participates in Filter Management, where required.
• Project work which may include assisting with system testing, communication of apparent anomalies and in conducting special investigations and responding to management queries.

• Bachelor’s degree required; Advanced degree preferred but not required; CAMS preferred.
• Minimum 4 years of experience in compliance, legal, and financial industries or related, experience in suspicious transaction/activity monitoring, investigation.  
• Knowledge of U.S. Banking regulations and compliance practice, compliance risk management, with strong emphasis on  BSA, AML and OFAC. Advanced PC sills, including Excel, Word and PowerPoint required.
• Fluency in Chinese or Mandarin is a plus but not required.