Bank of China Limited, New York Branch
Trade Services Business Management Associate
Bank of China Limited, New York Branch, New York, New York, us, 10261
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 provides support to the Trade Finance Business with the daily operations.
Responsibilities
OperationsManage notes mailbox and department emailManage department's inventory of fixed assetsAssist to manage system IDs and access authority for TSD, certificate system ID according to ORD's requestServe as the department timekeeper ensuring accurate attendance records for TSD staffAct as main contact to Financial Institution Department (FID) regarding FI credit limit related work, consolidate credit request from different sections, and submit to FID, keep track of all existing FI credit limitMonitor FIMIS limit usage and prepare periodically reconciliation reportAct as main contact regarding EPS project. Provide TSD daily/monthly/annual projection dataPrepare reports as requested by Head OfficePrepare daily report to management to watch trade finance business performanceConsolidate weekly report from sections and prepare periodic reports for managementServe as the department OA system coordinator to submit applications ensuring accurate OA application records for TSD staffAct as contact with OSD for TSD's OSD maintained systems' user verification coordinationTrade Finance Business Line Management
Liaise with other trade finance units, in the management of the BOC USA Trade Finance Business LineAssist with the development of the business plan for BOC USA Trade Finance Business Line and monitor the performance against targetsPrepare periodic reports to TSD, Branch and H.O. ManagementsAssist in TSD business line data report automation, such as Crystal Report, to ensure timeliness and accuracy of TSD business line reports for internal and external useAssist H.O. in serving national exhibitions roadshows, promotionsManage the total outstanding balance of Inter branch Financing Business to comply with BOCUSA's asset structureManage the Agreement with BOC branches or other financial institutionsAssist Section Head to market short-term finance/ Forfaiting and Risk Participation businessCompliance and Risk Control
Follow the Bank's policy and departmental compliance and risk control procedures when developing new customer relationships and accept transactionsFollow the principles of the Bank's risk appetite when developing new products and onboarding new customersFollow the bank's and departmental KYC policies and procedures when onboarding new customersMonitor 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 proceduresDetect and escalate red flags and unusual activities to supervisor and the Middle DeskKeep abreast of compliance and regulatory requirements by attending BSA, AML, KYC and any other compliance or risk control seminars and trainingsSuccessfully complete all mandatory trainings on timeUpdate procedures respective to the function as needed or on an annual basis minimumResponsible for providing timely responses regarding internal/external Audits, assessments/Reviews, and respective remediation as neededReport 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 issuesAdhere to departmental and bank wide policies and procedures and strategies in daily activityExecute daily duties in a professional manner that would protect BOCs reputationQualifications
Bachelor's degree requiredMinimum 1 year of experience in business planning, data analysis, and reporting1 year of banking experience preferredKnowledge in banking compliance and trade service operations
Pay Range
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.
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 support to the Trade Finance Business with the daily operations.
Responsibilities
OperationsManage notes mailbox and department emailManage department's inventory of fixed assetsAssist to manage system IDs and access authority for TSD, certificate system ID according to ORD's requestServe as the department timekeeper ensuring accurate attendance records for TSD staffAct as main contact to Financial Institution Department (FID) regarding FI credit limit related work, consolidate credit request from different sections, and submit to FID, keep track of all existing FI credit limitMonitor FIMIS limit usage and prepare periodically reconciliation reportAct as main contact regarding EPS project. Provide TSD daily/monthly/annual projection dataPrepare reports as requested by Head OfficePrepare daily report to management to watch trade finance business performanceConsolidate weekly report from sections and prepare periodic reports for managementServe as the department OA system coordinator to submit applications ensuring accurate OA application records for TSD staffAct as contact with OSD for TSD's OSD maintained systems' user verification coordinationTrade Finance Business Line Management
Liaise with other trade finance units, in the management of the BOC USA Trade Finance Business LineAssist with the development of the business plan for BOC USA Trade Finance Business Line and monitor the performance against targetsPrepare periodic reports to TSD, Branch and H.O. ManagementsAssist in TSD business line data report automation, such as Crystal Report, to ensure timeliness and accuracy of TSD business line reports for internal and external useAssist H.O. in serving national exhibitions roadshows, promotionsManage the total outstanding balance of Inter branch Financing Business to comply with BOCUSA's asset structureManage the Agreement with BOC branches or other financial institutionsAssist Section Head to market short-term finance/ Forfaiting and Risk Participation businessCompliance and Risk Control
Follow the Bank's policy and departmental compliance and risk control procedures when developing new customer relationships and accept transactionsFollow the principles of the Bank's risk appetite when developing new products and onboarding new customersFollow the bank's and departmental KYC policies and procedures when onboarding new customersMonitor 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 proceduresDetect and escalate red flags and unusual activities to supervisor and the Middle DeskKeep abreast of compliance and regulatory requirements by attending BSA, AML, KYC and any other compliance or risk control seminars and trainingsSuccessfully complete all mandatory trainings on timeUpdate procedures respective to the function as needed or on an annual basis minimumResponsible for providing timely responses regarding internal/external Audits, assessments/Reviews, and respective remediation as neededReport 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 issuesAdhere to departmental and bank wide policies and procedures and strategies in daily activityExecute daily duties in a professional manner that would protect BOCs reputationQualifications
Bachelor's degree requiredMinimum 1 year of experience in business planning, data analysis, and reporting1 year of banking experience preferredKnowledge in banking compliance and trade service operations
Pay Range
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.