Posted 1y ago

Chicago Branch-Banking Associate

@ Bank of China
Chicago, Illinois, United States
$42k-$90k/yrOnsiteFull Time
Responsibilities:opening accounts, reviewing profiles, ensuring due diligence
Requirements Summary:1-3 years banking operations; bilingual Mandarin required; strong due diligence and compliance knowledge.
Technical Tools Mentioned:Banking Software, KYC/AML systems, Customer Relationship Management (CRM), Office productivity tools
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Job Description
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:

The incumbent will promote business for the Bank by delivering quality service to current and potential customers. Responsibilities includes but not limit to open account, close account, account maintenance; handle customer inquiry etc. in accordance with the Bank’s policies and regulatory guidelines.



Responsibilities:

Accounts Management & Customer Service

  • Perform or peer review for daily customers’ transactions
  • Conduct customer due diligence in accordance to bank policies and procedures when opening new accounts
  • Review customer profile and related documentations
  • Review customer profile new account application and supporting documents for accuracy and inconsistencies
  • Distribute all required banking disclosures to new customers
  • Prepare documentation for new account, close account and account maintenance requests.
  • Conduct customer risk rating set up;
  • Provide high quality customer service – respond and resolve customer inquiries in a timely and professional manner
  • Perform account review and report issues to supervisor
  • Perform event trigger KYC refresh review

 

Regulation and Compliance

  • Understand, comply with and monitor the activities, if necessary, of all applicable laws and regulations regarding Anti-Money Laundering, Bank Secrecy Act, and suspicious activity reporting
  • Conduct market research and identify trends in various industries that may have an impact on the Bank
  • Assist with the monitoring of targeted clients and report any suspicious activity to the supervisor


Qualifications:
  • Bachelor’s degree major in Business, Finance, Accounting, Economics and other related disciplines is required; Master’s degree is preferred.
  • 1-3 years of banking operation and/or related experience.
  • Demonstrate understanding of relationship management, risk management, and due diligence processing
  • Bilingual ability in Mandarin (oral and writing) is required.


Pay Range

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

:
USD $42,000.00 - USD $90,000.00 /Yr.