2025 Campus Recruitment KYC Customer Verification (CVT) Associate - Bank of China Limited, New York Branch

Introduction:

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.

Overview:

*To be eligible for campus recruitment program, you can only apply for 1 position within the U.S. Branches.

 

This position performs natural person (NP) and non-natural person (NNP) customer KYC and CDD under the supervision of the LCD KYC CVT VP & Lead. This individual is also responsible for assisting the CVT Lead to further enhance the bank’s KYC and CDD review processes. The specific job summary as follows:

• Perform NP and NNP KYC at onboarding, trigger event, and periodic refresh prior to QC and final approval;
• Assist with all day-to-day tasks performed by CVT;
• Assist with tracking of tasks associated with Customer onboarding, trigger event, and periodic refreshes and ensure accuracy and completion within the procedural required timelines;
• Contribute to updating and maintaining the Bank’s KYC procedures, reference manuals, and management reporting tools;
• Assist the CVT Lead in implementing potential enhancement of the NP and NNP KYC processes;
• Assist in training for new and existing team members and internal partners;
• Perform periodic reconciliation of NP and NNP customers’ KYC records to ensure accuracy and completeness;
• Assist the CVT Lead in performing remediation actions and/or producing materials for CMTG Testing/IAD Audit/OCC Exams;
• Support CVT in various team tasks included but not limited to case assignments, case reviews, and quality metrics;
• Perform additional projects when assigned by the CVT Lead;
• Support management and peers through collaboration and teamwork;
• Identify self-improvement opportunities and seek feedback, as necessary;

Additionally, this position is expected to maintain effective working relationships with key business partners and provide good customer service.

Responsibilities:

Include but not limited to: 

 

Perform KYC for NP and NNP Profiles

• Perform NP and NNP KYC at onboarding, trigger event, and periodic refresh prior to QC and final approval
• Screen customer information (PEP, Adverse Media, and Internal Watchlist) at onboarding, refresh, and trigger events, as appropriate
• Calculate/recalculate customer risk ratings and at onboarding, refresh, and trigger events, as appropriate
• Liaise with the Front-Line Units daily to ensure smooth KYC processing
• Maintain and update the Bank’s KYC procedures, reference manuals, and management reporting tools
• Perform periodic reconciliation of NP and NNP customers’ KYC records to ensure accuracy and completeness
• Initiate case escalations (if necessary) to the CVT Lead, including unusual or suspicious activity
• Ensure KYC policy is consistently applied in the Front-Line Units

Training and Additional Support

• Assist in training fellow CVT Team Members
• Support CVT periodic MIS reporting
• Assist the CVT Lead and CVT AVPs to perform remediation actions and/or produce materials for CMTG Testing/IAD Audit/OCC Exams
• Identify potential KYC insufficiencies evolved from the system and provide constructive suggestions
• Perform special projects when assigned by the CVT Lead
• Identify process improvement opportunities and propose viable solutions to the CVT Lead

Qualifications:

• Bachelor's degree is required at the time of hiring
• Internship experience in BSA/AML/KYC/CIP experience is preferred
• Knowledge of U.S. Banking regulations, good knowledge and understanding of general OFAC, BSA/AML, and USA PATRIOT Act and risk management principles is preferred
• CAMS certification preferred

Pay Range

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.

:USD $50,000.00 - USD $70,000.00 /Yr.