What are the responsibilities and job description for the LCD-KYC Customer Verification (CVT) AVP position at Bank of China?
Introduction:
QC of NP and NNP KYC Profiles
: USD $65,000.00 - USD $150,000.00 /Yr.
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:
The LCD KYC CVT AVP manages the natural person (NP) and non-natural person (NNP) customer KYC and CDD research processes under the supervision of the LCD KYC CVT VP & Lead. This individual is also responsible for assisting the Head of CVT to further enhance the bank’s KYC and CDD review processes.
Responsibilities:
Include but not limited to:
QC of NP and NNP KYC Profiles
- Assist with the day-to-day supervision and tasks performed by CVT
- Perform QC on all NP and NNP KYC profiles to ensure accuracy and quality
- 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 Head of CVT
- Provide support on KYC matters to all lines of business across Branches and interface with internal parties (IAD, CMTG and other 1st and 2nd line teams)
- Perform actual KYC profile reviews when needed
Advisory Services and Training
- Provide training to CVT Team Members
- Perform CVT periodic MIS reporting
- Assist the Head of CVT to perform remediation actions and/or produce materials for CMTG Testing/IAD Audit/OCC Exams
- Perform special projects when assigned by the Head of CVT
- Identify process improvement opportunities and propose viable solutions to Head to CVT
- Bachelor Degree in Computer Science or Risk Management required
- Minimum 5 years ofBSA/AML/KYC/CIP experience required
- Knowledge of U.S. Banking regulations Good knowledge and understanding of general OFAC, BSA/AML, and USA PATRIOT Act and risk management principles
- CAMS certification preferred
Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.
: USD $65,000.00 - USD $150,000.00 /Yr.
Salary : $150,000
