Queens Branch-BSA Officer, AVP​/VP

Overview

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint spanning 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 BSA Officer is responsible for implementing and administering all aspects of the Bank’s compliance program pertaining to the Bank Secrecy Act (BSA), USA Patriot Act, Anti-Money Laundering (AML) Act, Counter-Terrorism Financing (CTF), Office of Foreign Assets Control (OFAC) and other sanctions compliance. This role ensures Branch compliance efforts align with laws, regulatory guidance and internal policies/procedures on a daily basis, managing risks related to BSA/AML/CTF/OFAC sanctions and other illicit financial activities.

The incumbent supports the Chief BSA Officer, Lead of FLU BSA and Compliance Oversight, and Branch Manager to ensure effective operation of the compliance program.

• Manage the branch’s day-to-day adherence to BSA/AML/CTF/OFAC sanctions and their implementing regulations, and internal policies and procedures.
• Provide subject matter expertise to guide the branch in establishing risk-mitigating controls commensurate with the branch’s risk profiles while maintaining independence.
• Maintain, update and communicate branch-level compliance procedures or operational guidance to ensure processes conform to the Bank’s and branch’s risk profile for money laundering and related activities.
• Maintain open communications with branch staff by informing them of regulatory updates and changes in internal policies; deliver compliance-related training tailored to business units’ risks and staff roles.
• Collaborate with business units to develop corrective actions addressing findings and issues, ensuring timely resolution by target dates.
• Regularly update LCD Management and senior management on ongoing compliance with BSA/AML/CTF, OFAC and other sanctions regulations.
• Escalate compliance issues to relevant LCD Teams, Chief BSA Officers, and other LCD Management as necessary.
• Support regulatory change management, conduct impact analysis, and enhance controls based on new updates within the branch’s risk profile.
• Support compliance initiatives and participate in risk assessments for new products/activities; participate in change management related to compliance technology/system implementations.
• Partner with staff managing vendor relationships to ensure third-party risk management throughout the lifecycle.

• Review SDB (Safe Deposit Box) activities that raise red flags.
• Review remittance transactions for Travel Rule compliance.
• Review foreign currency exchange activities and foreign check collection.
• Review monetary instruments, Currency Transaction Reports, and other activities as applicable.
• Oversee first 90-day account activity after account opening.
• Prepare, review and report compliance-related metrics to management and the second line, including a Monthly Compliance Review Summary and recommendations to improve controls.

• Provide support and compliance input in Bank-wide initiatives.
• Assist with legal subpoenas, summons, tax levies, restraining notices, and 314(a)/314(b) requests, preparing supporting documentation timely.
• Expand compliance knowledge to CRA and Consumer and Regulatory Compliance areas and support QNB’s program in these areas.
• Maintain knowledge of applicable regulations, industry best practices, and the branch’s products, services, customer base, and locations.
• Maintain an open and transparent relationship with regulators.
• Have the authority, independence, resources, and competence to execute duties, supported by adequate staffing.
• Undertake ad-hoc responsibilities as requested by the Chief BSA Officer or Branch Manager.

• Bachelor's degree required; master's degree preferred
• Minimum 10 years of BSA/AML/CTF/OFAC and other sanctions experience for VP level; minimum 4 years for AVP level
• Experience in CRA and Consumer and Regulatory Compliance preferred
• Experience in financial services required
• BSA or sanctions training and/or certificate; CAMS credential is a plus
• Comprehensive knowledge of U.S. banking regulations with emphasis on BSA/AML/CTF/OFAC
• Strong knowledge of business lines, processes, and products
• Ability to manage risk and handle legal matters with professionalism
• Strong interpersonal and communication skills; ability to build relationships
• Ability to work under pressure and make sound decisions; strong time management

Actual salary is commensurate with experience and qualifications. USD $65,000.00 - USD $ /Yr.