Introduction:

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 will provide support to the team with the research, development, marketing for products of Supply Chain Finance, Factoring, Letter of Credit, LC discounting etc.

Responsibilities:

Product Development and New Programs Closing

• Develop new trade finance products based on client or outside financial institutional needs
• Draft, review, and revise legal documentation for trade finance products and services
• Draft policy and procedures for new products
• Communicate legal issues with internal or external counsel when necessary
• Go through the appropriate procedure for the new products if necessary
• Prepare Credit Recommendation reports (CRR) together with relationship department and present to Credit Risk Subcommittee for approval
• Prepare Head Office level Credit Recommendation reports with relationship department
• Follow up with clients for the KYC documents and transactional documents
• Coordinate within TSD and with LCD if necessary to close the new programs

Marketing

• Promote the Bank's Supply Chain Finance, Factoring, Letter of Credit, LC discounting according to department assignments and the bank’s strategy
• Serve as a coordinator for client meetings and trade finance marketing events
• Prepare pitchbooks and other presentation materials
• Meet prospective clients to perform due diligence and tailor products and services to meet the needs of both the customer and the Bank
• Serve as contact point for professional organizations that promote factoring products
• Maintain relationships with corporate clients
• Maintain and establish new relationships with financial institutions to support the bank, insurance companies, funds etc., and its clients
• Respond to general customer enquiries about trade finance products and services

Client Account Management and Operations Support

• Serve as chief contact point for communication with existing clients, coordinate with operation team and compliance team provide clients the product solution
• Monitor Supply Chain Finance, Factoring, Letter of Credit, LC discounting etc. balance and repayment for the assigned accounts
• Review and assist with the collection process of overdue invoices
• Instruct back office on policy and procedures for new factoring and supply chain finance products
• Provide assistance in daily operations for related trade finance transactions
• Check edifactoring.com and send EDI messages for Factoring transactions if necessary

Compliance and Major Risks 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
• Support KYC team to conduct KYC and customer due diligence in accordance to Bank’s Policy and departmental KYC procedures
• Follow the Bank’s new product management policy and procedures when develop new products
• 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 the Bank's reputation

Qualifications:

• Bachelor’s degree in business, finance, accounting or economics required
• Minimum 4 years of experience in Corporate Finance and Trade Finance required
• Minimum 2 years of experience in credit analysis and underwriting
• General understanding in Trade Finance and Trade Services products, including Factoring and Supply Chain Finance, Letter of Credit, LC discounting
• Bilingual in Mandarin preferred
• CDCS or FCI certificate preferred

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.