Legal & Compliance Department-SVP, Deputy Head of US Sanctions Compliance

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 Senior Vice President as deputy will work closely with the SVP, Head of USSC to establish a comprehensive Sanctions Program based upon law and regulations that mitigate compliance, regulatory, and reputational risks associated with violations of sanctions laws.

Include but not limited to:

Sanctions Monitoring

• Review and analyze Sanctions Alerts and determine whether an investigation is warranted
• Lead investigations and/or due diligence reviews where Sanctions issues are present, such letters of credit, customer on-boarding and/or wire transactions and identify associated risks and red-flags
• Advise FLUs on sanctions regulations and matters
• Identify regulatory Sanctions compliance issues / concerns and propose solutions
• Investigate apparent breaches of sanctions regulations and/or compliance standards
• Investigate potential Sanctions violations, money laundering and fraudulent financial activity across the bank
• Assess Sanctions compliance processes and implement solutions
• Perform ad hoc investigations and analysis in support of voluntary disclosures to sanctions and any regulatory enquiries
• Assist with coordination of response for internal and external sanctions-related examinations
• Review and analyze sanctions inquiries and potential hits for issues and trends and remediate as necessary
• Review operational processes and implement improvement opportunities

Sanctions Reports

• Conduct periodic quality review of Sanctions data/metrics and update as necessary
• Conduct periodic quality review of departmental logs, reports, and deliverables and provide feedback
• Prepare presentations, data metrics, summaries, routine and ad-hoc reports

• Bachelor's degree required
• 10 years of work experience in a bank or financial institution in a BSA/AML & OFAC internal control technology capacity preferred
• Knowledge of U.S. banking regulations and compliance practice, compliance risk management, and BOC Risk Governance Framework
• Knowledge of U.S. banking regulations and compliance practice with strong emphasis on all aspects of BSA, AML and OFAC
• Comprehensive knowledge of BSA/AML and OFAC related regulations and ability to implement the banks policies and procedures