Compliance Associate - Trade Finance Operations

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Bank of China USA
  • 12 Dec 17 2017-12-12

The incumbent will be responsible for researching and analyzing for BSA purposes. S/He will be responsible for reviewing and verifying transactions to ensure they are in compliance with BSA/AML/KYC and bank’s policies and procedures.

Position

Compliance Associate - Trade Services Operations

Job Duties

Include but are not limited to:

  • Compliance
    • Review and verify daily case-by-case transaction sheets
    • Assist various sections to fill out transactional worksheets, and in matters of BSA/AML & Compliance
    • Detect and investigate unusual transactions/activities and refer to management
    • Analyze the financial statements and other financial data as provided by the customers and the banks
    • Assist to draft agenda and take minutes for the meeting
    • Respond to Internal Auditor’s inquiries if needed;
    • Arrange Credit Recommendation Report (CRR) reviews and monitor credit facility utilize status
    • Review Short-term customer profiles and customer risk rating
    • Analyze the financial statements & other financial data
    • Run D&B reports / First Approach Report (FAR) / Negative news search for customers
    • Maintain customer databases
    • Review and analyze traditional business customers based on customers' profiles and folders, and corresponding transactions
    • Maintain Enhance Due Diligence Form (EDD Form) records

Job requirements

  • Bachelors’ in Finance and Business Administration, Economics related field
  • 1-2 years of working experience required
  • Banking experience
  • KYC/BSA/AML
  • Trade Finance knowledge preferred

Associate (Compliance)

The incumbent will be responsible for researching and analyzing for BSA purpose. S/He will be responsible for reviewing and verifying transactions to ensure they are in compliance with BSA/AML/KYC and bank’s policies and procedures. We are looking for candidates who have minimum of two years of working experience. Preferably one year of banking experience. Candidate should have Bachelor’s degree in Finance and Business Administration, Economics related fields. Bilingual abilities preferred.