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.

*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.

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

• 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