Legal & Compliance Department - Sanctions Operations Part-time Staff

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 Part-time Staff 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 Part-time Staff 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 

• →2nd Review real-time payment (determining whether an alert related to wire transfers is a true match to a suspect name or a false match based upon information in payment instruction
• →If insufficient information is in the wire transfers, open an investigation and request necessary information from ordering bank on daily basis) or Conduct complex 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
• →2nd Level review downstream return funds transactions
• →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 practices with strong emphasis on all aspects of BSA, AML, and OFAC
• CAMS certification preferred