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 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.

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

• 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