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.

Export Associate is responsible for daily Letters of Credits (L/C) document examination, LC discounting operation and ensure adherence to the Bank’s policies, procedures and regulatory requirements.

Responsibilities:

Include but are not limited to

Operation

Responsible for the operation of Letters of Credit (L/C) document. examination, LC discounting, Payment according to the assignment

Conduct first or second check for L/C documents and monitoring the weekly and monthly reports as assigned

Input system the document presentation, acceptance, discount, payments, etc.

Communicate with issuing bank / beneficiary to resolve problems on rejected items and propose solutions

Take appropriate follow up action to trace payment and acceptance

Prepare daily and monthly reports for management review

Conduct account reconciliation according to the related policy and procedures

Compliance

Conduct due diligence of daily transactions against OFAC, KYC, BSA, Anti-Boycott, EAR and any other applicable US Government Regulations to ensure compliance and escalate if there are any concerns to supervisor and Middle Desk

Support KYC and customer due diligence in accordance to the Bank and department’s policy and procedures. Contact with customers and report any unusual activities observed during their interaction with customers

Complete transactional worksheets, check for red flags and goods pricing check, customer due diligence, negative news search, vessel check and to ensure completion of OFAC screening, etc.

Detect and escalate red flags and unusual activities to supervisor and the Middle Desk, if necessary, support Middle desk to escalate to LCD

Provide data to Marketing teams and Middle Desk for the purpose of customer KYC review and the preparation of various compliance and risks control reports including report to IRMs

Qualifications:

Bachelor’s Degree is required at the time of hiring

Certified Documentary Credit Specialists (CDCS) certification is preferred

Internship experience in banking is preferred

Knowledge of regulations and compliance trade service/trade finance operations is preferred

Bilingual abilities in Mandarin is 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.