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.

The incumbent will be responsible for daily operation of export Letter of Credit documents checking and discounting. S/he will also participate in compliance and risks control as according to departmental compliance, risks control procedures, and as directed.

Include but are not limited to

Operation

• Serve as the Letters of Credit (“L/C”) examiner, performing detailed review of export letters of credit documents
• Conduct 2nd review of L/C documents
• Input into the system the document presentation, acceptance, discount, payments, etc
• File documentations and transaction related records
• Communicate with relevant parties to resolve problems on rejected items, propose solutions, and prepare reports for management review

Compliance and Major Risks Control

• Conduct due diligence of daily transactions against OFAC, KYC, BSA, and any other US Government Regulations to ensure compliance procedures are followed and escalate if there are any concerns
• Perform customer due diligence in accordance to the bank’s policies, procedures, and regulatory requirements
• Complete transactional worksheets, check for red flags and perform screening, goods pricing check, due diligence, negative news search, vessel search, etc.

• Minimum Bachelor’s Degree is required
• Certified Documentary Credit Specialists (CDCS) certification is required
• Minimum 1 year of experience in banking
• Knowledge of regulations and compliance trade service/trade finance operations is preferred
• Bilingual abilities in Mandarin is preferred