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.

The candidate might be considered for one of the following roles:

• The incumbent provides support to the Trade Finance Business with the daily operations.
• 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.

The Associate may be assigned to one or more of the functions below:

Operations

• Manage notes mailbox and department email
• Manage department’s inventory of fixed assets
• Assist to manage system IDs and access authority for TSD, certificate system ID according to ORD’s request
• Serve as the department timekeeper ensuring accurate attendance records for TSD staff
• Act as main contact to Financial Institution Department (FID) regarding FI credit limit related work, consolidate credit request from different sections, and submit to FID, keep track of all existing FI credit limit
• Monitor FIMIS limit usage and prepare periodically reconciliation report
• Act as main contact regarding EPS project. Provide TSD daily/monthly/annual projection data
• Prepare reports as requested by Head Office
• Prepare daily report to management to watch trade finance business performance
• Consolidate weekly report from sections and prepare periodic reports for management
• Serve as the department OA system coordinator to submit applications ensuring accurate OA application records for TSD staff
• Act as contact with OSD for TSD’s OSD maintained systems’ user verification coordination

Trade Finance Business Line Management

• Liaise with other trade finance units, in the management of the BOC USA Trade Finance Business Line
• Assist with the development of the business plan for BOC USA Trade Finance Business Line and monitor the performance against targets
• Prepare periodic reports to TSD, Branch and H.O. Managements
• Assist in TSD business line data report automation, such as Crystal Report, to ensure timeliness and accuracy of TSD business line reports for internal and external use
• Assist H.O. in serving national exhibitions roadshows, promotions
• Manage the total outstanding balance of Inter branch Financing Business to comply with BOCUSA’s asset structure
• Manage the Agreement with BOC branches or other financial institutions
• Assist Section Head to market short-term finance/ Forfaiting and Risk Participation business

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

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 required at the time of hiring; Master's Degree is preferred
• Internship experience in business planning, data analysis, and reporting
• Internship experience in banking industry preferred
• Knowledge in banking compliance and trade service operations
• Certified Documentary Credit Specialists (CDCS) certification is preferred
• Bilingual abilities in Mandarin is preferred