Bank of China USA · 2 months ago
Legal & Compliance Department-BSA/AML Strategy, Program and Control (SPC) AVP
US-NY-New York
Full-time
Onsite
Mid, Senior Level
5+ years expBank of China USA is one of the largest banks in the world, providing a stable and reliable financial partner. The SPC Assistant Vice President (AVP) will conduct quality assurance testing for BSA/AML Compliance teams, ensuring adherence to bank policies and regulatory requirements while also overseeing training and compliance initiatives.
Banking
Responsibilities
Perform reviews of BSA/AML team’s deliverables (e.g., findings, research, narratives, and dispositions) for quality and adherence to the bank’s standards and policies
Provide analyst guidance as deemed necessary
Communicate quality errors to the respective owner ensuring clear understanding of errors made and develop prevention strategies
Analyze QA findings for trends and report any concerns
Review the QA process and provide recommendations on areas of improvement
Prepare summary reports/metrics and present analysis to management (as requested)
Report any alerts, cases or SARs that are outstanding past their due date to supervisor
Report any critical findings/analysis to supervisor and/or Senior Management
Participate, prepare and or respond to inquiries deriving from internal (i.e. IAD/CMTG) or external (i.e. OCC) reviews
Participate, lead, and/or manage SPC initiatives, the implementation of new processes and special projects
Manage and monitor the QA schedule
Participate and manage SPC related projects
Provide advice on SPC processes and procedures
Provide insights and recommendations in updating departmental processes for operational efficiency
Monitor regulatory activities and industry developments to identify trends and emerging issues that may have an impact on the bank and the compliance testing program
Lead weekly status team meetings to address and resolve any concerns or deadlines (as required)
Provide instructional leadership and coaching to team
Assist with the design and delivery of training
Evaluate training program qualification tests and determine eligibility of prospective attendees
Coordinate the logistics for the trainings including scheduling of rooms, preparing training materials, contacting attendees and others
Complete training as prescribed from management
Ensure compliance with BSA/AML related laws and regulations, identify matters of noncompliance and escalate any issues or concerns as necessary for resolution
Provide timely responses to requests initiated by supervisor, IAD, CMTG, Senior Management, or other internal/external (i.e. OCC) inquires related to position
Stay informed of related regulatory matters through Federal agency updates and guidance and through industry webinars and conferences
Qualification
Required
Bachelor Degree required
Minimum 5 years of experience in AML/OFAC, Banking, Finance, Risk Management, Legal, Compliance or relevant industry
Knowledge of U.S. Banking regulations
Good knowledge and understanding of general OFAC, BSA/AML, and USA PATRIOT Act and risk management principles
Preferred
CAMS certification preferred
Company
Bank of China USA
Bank of China (BOC) is one of the largest banks in the world, with more than $3 trillion in assets and a footprint that spans over 60 countries and regions.
501-1000 employees
H1B Sponsorship
Bank of China USA has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (57)
2024 (46)
2023 (52)
2022 (67)
2021 (36)
2020 (69)
Funding
Current Stage
Late StageLeadership Team
Peter J Reisman
Managing Director, Chief Communications Officer
Company data provided by crunchbase