Bank Of China Export Letter Of Credit Position
The incumbent will be responsible for daily operation of export Letter of Credit documents checking and discounting. S/he will also participate in compliance and risks control as according to departmental compliance, risks control procedures, and as directed.
Operation
- Serve as the Letters of Credit ( L/C ) examiner, performing detailed review of export letters of credit documents
- Conduct 2nd review of L/C documents
- Input into the system the document presentation, acceptance, discount, payments, etc
- File documentations and transaction related records
- Communicate with relevant parties to resolve problems on rejected items, propose solutions, and prepare reports for management review
Compliance and Major Risks Control
- Conduct due diligence of daily transactions against OFAC, KYC, BSA, and any other US Government Regulations to ensure compliance procedures are followed and escalate if there are any concerns
- Perform customer due diligence in accordance to the bank's policies, procedures, and regulatory requirements
- Complete transactional worksheets, check for red flags and perform screening, goods pricing check, due diligence, negative news search, vessel search, etc.
Minimum Bachelor's Degree is required
Certified Documentary Credit Specialists (CDCS) certification is required
Minimum 1 year of experience in banking
Knowledge of regulations and compliance trade service/trade finance operations is preferred
Bilingual abilities in Mandarin is preferred
Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.
USD $42,000.00 - USD $90,000.00 /Yr.