Qureos Mentor

Bank of China

<div>Introduction:
<div>
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.</div>
Overview:
<div>
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.</div>
Responsibilities:
<div>
Include but not limited to:</div><div></div><div><br>
Sanctions Monitoring</div><ul><li>
Review and analyze Sanctions Alerts and determine whether an investigation is warranted</li><li>
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</li><li>
Advise FLUs on sanctions regulations and matters</li><li>
Identify regulatory Sanctions compliance issues / concerns and propose solutions</li><li>
Investigate apparent breaches of sanctions regulations and/or compliance standards</li><li>
Investigate potential Sanctions violations, money laundering and fraudulent financial activity across the bank</li><li>
Assess Sanctions compliance processes and implement solutions</li><li>
Perform ad hoc investigations and analysis in support of voluntary disclosures to sanctions and any regulatory enquiries</li><li>
Assist with coordination of response for internal and external sanctions-related examinations</li><li>
Review and analyze sanctions inquiries and potential hits for issues and trends and remediate as necessary</li><li>
Review operational processes and implement improvement opportunities
</li></ul><div>Sanctions Reports</div><ul><li>
Conduct periodic quality review of Sanctions data/metrics and update as necessary</li><li>
Conduct periodic quality review of departmental logs, reports, and deliverables and provide feedback</li><li>
Prepare presentations, data metrics, summaries, routine and ad-hoc reports</li></ul>
Qualifications:
<ul><li>Bachelor's degree required</li><li>
10 years of work experience in a bank or financial institution in a BSA/AML &amp; OFAC internal control technology capacity preferred</li><li>
Knowledge of U.S. banking regulations and compliance practice, compliance risk management, and BOC Risk Governance Framework</li><li>
Knowledge of U.S. banking regulations and compliance practice with strong emphasis on all aspects of BSA, AML and OFAC</li><li>
Comprehensive knowledge of BSA/AML and OFAC related regulations and ability to implement the banks policies and procedures</li></ul>
Pay Range<p><i><br>
Actual salary is commensurate with candidate&rsquo;s relevant years of experience, skillset, education and other qualifications.</i></p><br>
: USD $150,000.00 - USD $280,000.00 /Yr.</div>

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

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Bank of China

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