2025 Campus Recruitment Level 1 Alert Monitoring 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 will be responsible for transaction monitoring on retail banking customer account activity (including Individual and Organization customers) to detect and report whether the transactions have unusual patterns or potentially suspicious activity in a timely manner. This function is carried out through the Alert Review that is auto-generated from the surveillance monitoring system Mantas, as well as, the manual reviews including but not limited to the semi-annual review for all PRC type of customer, (including PRC Embassy, Consulate, Diplomat and PRC PEPs), Compensating Control, and other controls in transaction monitoring, which are centralized in CMT. Additionally, he/she will assist in preparing EDD (Enhance Due Diligence) reports of transaction monitoring on all PRC customers. Moreover, he/she will be adhering to and complying with bank policies and procedures, all applicable laws and regulation guidance, and fulfilling the departmental deliverables and regulatory expectations.

Responsibilities:

Include but not limited to: 

 

Transaction Monitoring Alert Review, Alert Due Diligence/Alert Research, and Documentation

 

• Review and analyze customer account activity (including Individual and Organization customers) in alerts generated from the surveillance monitoring system Mantas, as well as, the manual reviews including but not limited to semi-annual review for all PRC type of customers, (including PRC Embassy, Consulate, Diplomat and PRC PEPs), Compensating Control, and other controls in transaction monitoring; and ensure adhering to the team procedures
• Responsible for conducting due diligence through internal systems and external sources, collecting and uploading transaction documents to the system, and documenting the reason for the alert disposition to waive-close or escalate potentially suspicious activity to L2 Team for further investigation
• Complete all the transaction monitoring within the required timeframe, and ensure completion with both work quality and quantity
• Maintain an active communication with the QA analysts/senior analyst or team lead for guidance during the transaction-monitoring period

• Maintain a liaison with the FLUs (Front Line Units), and obtain necessary additional information to better understand the customer’s account activities through RFI (Request-for-Information)
• Record and maintain the applicable information logs and trackers
• Report and/or escalate any unusual transaction(s)/activity to L2 team with fully documented alert folder and narrative
• Assisting in the annual Enhanced Due Diligence transaction monitoring on PRC customers, including Embassies/Consulates, government agencies, and PEPs

Qualifications:

• Bachelor's degree is required at the time of hiring
• Internship experience in financial institutions and/or BSA/AML Compliance Related field experience is preferred
• Knowledge of U.S. Banking regulations and compliance practice, compliance risk management, and BOC Risk Governance Framework with strong emphasis on all aspects of BSA, AML and OFAC. Demonstrate ability to implement the bank’s policies and procedures preferred
• CAMS certification is 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.