2025 Campus Recruitment KYC Customer Verification (CVT) Associate

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.