Trade Services Export AVP

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 provides review of the daily operations and ensure adherence to the Bank’s policies, procedures and regulatory requirements, and undertake the project development and lead any related testing.

Responsibilities : Operations

Operations

Supervise and review the document presentation / payment / discount and all other related transactions

Approve related transactions in the system

Review Letter of Credit payments & documents discounting work processed by the maker

Release swift message in Swift Alliance

Approve credit limit set up / application / return

Coordinate and leading the Operation related system / project development and testing

Prepare reports for management review

Compliance and Risk Control

Follow the Bank’s policy and departmental compliance and risk control procedures when developing new customer relationships and accept transactions

Follow the principles of the Bank’s risk appetite when developing new products and onboarding new customers

Follow the bank’s and departmental KYC policies and procedures when onboarding new customers

Monitor and control credit risk, performing post-lending in accordance to the requirements of the bank’s and departmental credit risks control procedures and post lending management procedures

Detect and escalate red flags and unusual activities to supervisor and the Middle Desk

Keep abreast of compliance and regulatory requirements by attending BSA, AML, KYC and any other compliance or risk control seminars and trainings

Successfully complete all mandatory trainings on time

Update procedures respective to the function as needed or on an annual basis minimum

Responsible for providing timely responses regarding internal / external Audits, assessments / Reviews, and respective remediation as needed

Report any known deficiencies in bank systems and or bank / departmental process for consideration as a Management Self- Identified Issues (MSII);

suspected fraudulent activity; accounting concerns; and / or security issues

Adhere to departmental and bank wide policies and procedures and strategies in daily activity

Execute daily duties in a professional manner that would protect BOCs reputation

Customer Services and other responsibilities

Respond to customer inquiries in a timely manner

Resolve any customer’s concerns and escalate when necessary

Solicit customer’s feedback regarding the bank’s services and share with team for improvement opportunities

Participate in marketing assignments to promote L / C products

Assist the Section Head to coordinate the day-to-day operations of Export Section as assigned

Qualifications :

Bachelor’s degree required

Minimum 4 year of experience in Trade Finance and Letter of Credit operation

Knowledge in banking compliance and trade service operations

Knowledge of Letters of Credit

Pay Range

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

USD $65,000.00 - USD $(phone number removed) / Yr.