Legal & Compliance Department - Sanctions Operations Part-time Staff
Bank of China Limited, New York Branch · NY, US
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About the Role
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. This role supports the Vice President of Sanctions Operations in preparing KPI reporting, USSC communications, and communications to Sanctions Operations team staff.
Responsibilities
- Perform 2nd review of real-time payments to determine if alerts related to wire transfers are true or false matches.
- Conduct complex investigations of apparent breaches of regulations and/or compliance standards, escalating findings when required.
- Conduct sanctions screenings for hits and maintain detailed documentation.
- Identify sanctions compliance issues/concerns and escalate when necessary.
- Communicate with FLUs when payments are identified related to entities with previously filed SARs.
- Conduct periodic audit reviews of FLU’s transactions to ensure compliance with regulations and internal policies.
- Assist with coordination of response for internal and external sanctions/sanctions-related examinations.
- Perform 2nd Level review of summary sheets for each affiliate sampling case.
- Perform 2nd Level review of downstream return funds transactions.
- Update and maintain logs of sanctions cases, payments, and related transactions.
- Assist in the preparation and completion of sanctions risk assessments and other compliance reviews.
- Conduct periodic quality reviews of sanctions data in the 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.
Requirements
- 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.
Skills
- Sanctions Operations Monitoring
- Transaction Review
- KPI Reporting
- USSC Communications
- Wire Transfer Analysis
- Compliance Investigations
- Sanctions Screening
- Risk Assessment
- Audit Reviews
- Regulatory Compliance
- BSA/AML
- OFAC
Location
- USA
Work Type
- Part-time
Experience Level
- 5 years
Education Level
- Bachelor's degree
- CAMS certification preferred
Salary/Compensations
- USD $31.00 - USD $72.00 /Hr.
About the Company
- 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.