Bank of China USA
Bank Of China Position
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 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.
Responsibilities 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 elevate 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 BOC's reputation
Customer Services and Other Responsibilities
Respond to customer inquiries in a timely manner
Resolve any customer's concerns and elevate 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
Qualifications
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
Pay Range Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.
USD $65,000.00 - USD $150,000.00 / Yr.
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Overview 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.
Responsibilities 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 elevate 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 BOC's reputation
Customer Services and Other Responsibilities
Respond to customer inquiries in a timely manner
Resolve any customer's concerns and elevate 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
Qualifications
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
Pay Range Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.
USD $65,000.00 - USD $150,000.00 / Yr.
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