Financial Institutions Department-Chinese Relationship Management Associate/AVP

Bank of China USA; New York (NY); On-site; USD 42,000 - 150,000; Full time

Job summary

A leading bank is seeking a Financial Institutions Department-Chinese Relationship Management Associate/AVP to drive business development and compliance tasks. The role involves market research, maintaining customer relationships, and ensuring compliance with regulatory standards. Candidates should have relevant banking experience and a BA/BS degree, with a preference for bilingual candidates in English and Mandarin.

Qualifications

• 1+ years experience for Associate level; 4+ years for AVP level.
• Bilingual in English and Mandarin is preferred.
• Knowledge of banking regulations and customer relationship management.

Responsibilities

• Assist with market research to identify business opportunities.
• Conduct sales calls to establish correspondent banking relationships.
• Perform due diligence reviews on clients as per regulatory requirements.

Skills

Bilingual skills in English and Mandarin

Knowledge of banking products and services

Understanding of compliance and regulatory requirements

Business development capabilities

Education

BA/BS degree in Finance, Economics, Business Administration, Risk or Law

Job description

Financial Institutions Department-Chinese Relationship Management Associate/AVP

Join to apply for the Financial Institutions Department-Chinese Relationship Management Associate/AVP role at Bank of China USA

Financial Institutions Department-Chinese Relationship Management Associate/AVP

1 week ago Be among the first 25 applicants

Join to apply for the Financial Institutions Department-Chinese Relationship Management Associate/AVP role at Bank of China USA

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

This position will be responsible for performing a range of functions in support of market research, customer service monitoring and expansion, market assessment, SWIFT related maintenance and requests, as well as BSA/KYC duties performance for customer/noncustomer relationships under the direction of the Team Lead. This position not only requires the knowledge of basic BSA/AML laws and regulations but also requires a broad understanding of product and services the Branch offers.

Responsibilities

Business Development

• Assist with market research and identify business opportunities
• Conduct sales calls to financial institutions in US/North America (and China) for the purpose of establishing correspondent banking relationship
• Follow up with financial institutions and approach Banks for business opportunities to solidify relationships
• Maintain regular contact with customers and look for opportunities to deliver added value to the existing customer relationships
• Assist with the development of new product projects
  
  

Relationship and Account Management

• Manage relations with assigned customers to maintain existing business and seek potential business
• Monitor customers’ account balance on an ongoing basis and prepare account balance trends
• Review customers’ credit data and analyze financial ratio, spreadsheets, and cash flow worksheets to evaluate the riskiness in customer relationships
• Respond to customer inquiries in a timely manner and coordinate with other departments as needed
• Identify costs and risks associated with accounts and prepare plans to mitigate such
• Organize events, seminars, conferences, receptions and exhibitions to promote the Bank’s brand and business
• Conduct market research, identify business trends that may impact the business, and prepare marketing materials in accordance with the Bank policies, procedures and regulatory requirements
• Manage accurate recordkeeping of assigned customers for up-to-date documentations
• Conduct site visits to build relationship with clients and to fulfill due diligence requirements.
  
  

Compliance

• Perform due diligence reviews (e.g. CDD, EDD, sanctions/PEP/Negative News screening) on assigned customer/noncustomer and refresh reviews. Report any unusual activity to supervisor when necessary
• Conduct monthly screening on clients and related parties
• Conduct annual and periodic refresh reviews on assigned accounts to ensure compliance with regulatory requirements
• Continuously monitor assigned accounts and follow up with customers about their transactions
• Ensure transactions are in compliance with Bank policies, procedures and regulatory requirements
• Review and validate USA Patriot Act certifications/re-certifications
• Conduct legal and compliance research and provide report of summary of the analysis of laws
• Process authenticate and revoke RMA keys as per other business request
• Maintain and create new customer profiles in related system
• Perform account management process from contacting customers, conducting onsite visits, opening accounts, conducting due diligence for customer/noncustomer account, monitoring and closing accounts
• Prepare routine and ad-hoc reports including AML call reports
• Assist BSA officer regarding tasks or matters from the compliance department
  
  

Qualifications

• At least a year of work experience in banking/financial services required for Associate level; 4+ years of work experience for AVP level
• BA/BS idegree n Finance, Economics, Business Administration, Risk or Law is required
• Knowledge of banking products and services, regulatory and compliance, banking/financial services industry, correspondent Banking Business Knowledge, marketing and risk management and assessment required
• Bilingual language skills in English and Mandarin is highly preferred
  
  

Pay Range

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

USD $42,000.00 - USD $150,000.00 /Yr.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

Referrals increase your chances of interviewing at Bank of China USA by 2x

Sign in to set job alerts for “Financial Professional” roles.

Investment Banking Analyst, Equity Capital Markets

New York City Metropolitan Area $110,000.00-$125,000.00 2 weeks ago

New York City Metropolitan Area $70,000.00-$90,000.00 3 weeks ago

New York, NY $110,000.00-$150,000.00 3 weeks ago

Asset & Wealth Management, Growth Equity Investing, Analyst - New York

Investment Bank - Equity Capital Markets - Associate - New York

New York, NY $150,000.00-$225,000.00 6 days ago

New York, NY $110,000.00-$120,000.00 1 week ago

New York, NY $90,000.00-$110,000.00 5 days ago

New York, NY $75,000.00-$90,000.00 2 days ago

Brooklyn, NY $85,000.00-$100,000.00 23 hours ago

New York City Metropolitan Area 2 days ago

Analyst - Financial Institutions Advisory/M&A

New York, NY $110,000.00-$130,000.00 4 weeks ago

Investment Banking - Financial Institutions Group - Analyst

Emerging Markets Equity Analyst - New York

New York, NY $95,000.00-$125,000.00 1 week ago

New York, NY $90,000.00-$110,000.00 1 week ago

Risk Analyst - Prestigious Hedge Fund - $250k+ total comp package

New York City Metropolitan Area 3 weeks ago

New York, NY $50,000.00-$115,000.00 5 days ago

Englewood Cliffs, NJ $60,000.00-$70,000.00 6 days ago

Due Diligence Investment Analyst for Hedge Fund/Family Office (Contract)

New York, NY $110,000.00-$225,000.00 2 weeks ago

Analyst, Multinational Banking - New York, NY

New York, NY $100,000.00-$125,000.00 1 day ago

International Equity - Investment Analyst

New York, NY $90,000.00-$150,000.00 3 weeks ago

New York City Metropolitan Area 6 days ago

New York, NY $70,000.00-$95,000.00 4 days ago

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.