Trade Services Department-Supply Chain and Trade Finance AVP

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

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

• 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