Compliance Associate - Chicago

  • Competitive
  • Chicago, IL, USA
  • Permanent, Full time
  • Bank of China USA
  • 12 Dec 17 2017-12-12

The incumbent will be responsible for coordinating with the business development department and liaising with back office to ensure full compliance with documentation, organize files, and prepare department reports. S/he will prepare and review credit files for existing and new customers and will assist in preparing new business credit recommendation reports.

Position

Middle Desk Compliance Associate - Chicago

Job Description

The incumbent will be responsible for coordinating with the business development department and liaising with back office to ensure full compliance with documentation, organize files, and prepare department reports. S/he will prepare and review credit files for existing and new customers and will assist in preparing new business credit recommendation reports.

Job Duties

Operations

  • Coordinate with Trade Service Department, Corporate Banking Department, and liaise with back office to ensure full compliance with documentation
  • Prepare and review credit files for existing and new customers
  • Input loan data and maintain database of loan profiles

Compliance

  • Conduct research on customers and transactions for AML, BSA, and KYC. Review and monitor transaction activities to ensure all transactions are in compliance with BOC’s policies
  • Perform Policies and Procedures Review on semi-annual basis
  • Understand, comply with, and monitor activities of all laws and regulations regarding AML, BSA, currency transaction reporting, and suspicious activity reporting

Marketing

  • Prepare written responses to market conduct inquiries
  • Attend external seminars, trainings, and meetings to obtain information on new trade products and latest trends in international trade markets

Job Requirements

  • Bachelor’s degree required
  • 1-3 years’ experience in Banking industry; preferably in compliance or risk related role
  • Bilingual required; Chinese/English