Bank of China USA · 1 day ago
Queens Branch-BSA Officer, AVP/VP
Queens, NY
Full-time
Onsite
Mid Level
$65K/yr - $230K/yr
4+ years expBank of China USA, established in 1912, is one of the largest banks globally, providing a stable financial partnership across various banking services. The BSA Officer is responsible for managing compliance with the Bank Secrecy Act and related regulations, ensuring the branch adheres to all compliance requirements while mitigating risks associated with illicit financial activities.
Banking
Responsibilities
Manage the QNB’s day-to-day adherence to the BSA/AML/CTF/OFAC Sanctions and their implementing regulations, as well as internal policies and procedures
Provide subject matter expertise to guide QNB in establishing risk-mitigating controls commensurate with the branch’s BSA/AML/CTF/OFAC Sanctions and other illicit financial activity risk profiles, while maintaining independence
Maintain, update and communicate branch-level compliance procedures or compliance operational guidance as necessary to ensure the processes and practices conform to the Bank and branch’s unique money laundering, terrorist financing and other illicit financial activity risk profile
Maintain open communications with branch staff by keeping them informed of regulatory updates, changes in internal policies and procedures, and others emerging compliance risks. Deliver compliance related training to staff tailored to the business units’ BSA/AML/CTF/OFAC Sanctions risks, and staff members’ specific functions roles or responsibilities
Collaborate with business units to develop appropriate corrective actions addressing internal/external findings and compliance related issues/observations/exceptions/recommendations, ensuring timely resolution by projected target dates
Regularly update LCD Management and senior management on ongoing compliance with BSA/AML/CTF, and OFAC, and other sanctions regulations
Promptly refer/escalate compliance issues as necessary to relevant LCD Teams, Chief BSA Officers, and other LCD Management
Proactively support the regulatory change management processes impacting the branch, conduct impact analysis while taking into consideration of the Bank and branch’s risk profile (e.g., products, services, customers, and geographic locations, delivery channels etc.). Enhance process and controls based on the new regulatory updates and address emerging risk indictors or red flags
Proactively support the compliance efforts and initiatives; participate in the new product/activity risk assessment processes aligning with the Bank and QNB’s risk profile. Proactively participate in change management process relating to compliance technology/system implementations, and other initiatives
Partner with staff in charge of vendor relationship management to ensure adequate third-party risk management from compliance risk perspective throughout the third-party relationship lifecycle
SDB (Safe Deposit Box) activities hitting red flags review
Remittance transactions Travel rule review
Foreign currency exchange activities transactions and foreign check collection review
Monetary instrument review
Currency Transaction Report review
Oversight on new account review of first 90 days account’s activities after account opening
Other types of activities review
Prepare, review and report compliance related metrics to management and respective second lines, including a Monthly Compliance Review Summary reflecting the overall status of departmental compliance control, existing issues, impact analysis on the relevant regulatory developments, and provide any necessary suggestions for improving compliance risk controls
Provide support and compliance input in Bank-wide initiatives
Assist with Legal Subpoena, Summons, Tax Levy, restraining notice, 314(a) and 314(b) requests on behalf of QNB , and prepare relevant supporting documentation on a timely basis
Expand compliance knowledge to CRA and Consumer and Regulatory Compliance areas, and support QNB’s compliance program in these areas
Maintain adequate knowledge of applicable regulations, industry best practices and the branch’s products, services, customer base, geographic locations, and associated compliance risks
Maintain an open and transparent relationship with regulators
Possess appropriate authority, independence, access to suitable and adequate resources, and competence to effectively execute all duties, while supported by adequate staffing with the necessary skills and expertise. Have the ability to undertake the BSA Officer’s role independently without undue influence from the business line
Take ad-hoc responsibilities upon the request from the Chief BSA Officer and/or Branch Manager
Qualification
Required
Bachelor's degree required; master's degree preferred
Minimum 10 years of BSA/AML/CTF/OFAC and other sanctions compliance and risk management experience for VP level; Minimum 4 years of BSA/AML/CTF/OFAC and other sanctions compliance and risk management experience for AVP level
Experience in financial services required
BSA or sanctions training and/or certificate
CAMS (Certified Anti-Money Laundering Specialist) credential
Comprehensive knowledge of U.S. banking regulations and compliance practices with strong emphasis on all aspects of BSA/AML/CTF/OFAC Sanctions Compliance
In-depth business line and process flow knowledge, and product knowledge
Risk management and handling legal subpoena, tax levy, restraining notices and financial/banking industry knowledge
Ability to build effective relationships with a proven record of establishing trust and credibility through strong interpersonal skills, communication, and actions
Ability to resolve challenging issues while maintaining a high degree of professionalism
Strong influencing skills, both internally within the CLD and externally
Dedication to integrity, producing high-quality results, and meeting deadlines
Ability to demonstrate ownership/accountability of issues through their resolution while providing sound guidance to others
Effective communication skills, both oral and written, with the ability to communicate clearly with constituents at all levels of the organization
Proficient in time management and sound decision-making under stressful situations, particularly when dealing with complex issues involving competing interests
Preferred
Experience in CRA and Consumer and Regulatory Compliance 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)
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Trends of Total Sponsorships
2025 (57)
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2023 (52)
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2021 (36)
2020 (69)
Funding
Current Stage
Late StageLeadership Team
Peter J Reisman
Managing Director, Chief Communications Officer
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