2025 Campus Recruitment Export Associate Position Available In New York, New York

2025 Campus Recruitment Export Associate
Bank of China Limited, New York Branch New York, United States
Posted 4 hours ago Permanent Competitive
2025 Campus Recruitment Export Associate
Bank of China Limited, New York Branch New York, United States
2025 Campus Recruitment Export Associate
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
•To be eligible for campus recruitment program, you can only apply for 1 position within the U.S. Branches.
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.
Responsibilities
Include but are not limited to
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
Qualifications
Bachelor’s Degree is required at the time of hiring
Certified Documentary Credit Specialists (CDCS) certification is preferred
Internship experience in banking is preferred
Knowledge of regulations and compliance trade service/trade finance operations is preferred
Bilingual abilities in Mandarin is preferred
Pay Range
Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.
USD $50,000.00 – USD $70,000.00 /Yr.
Job ID 2733
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