Bank of China USA · 2 months ago
Trade Services Department-Supply Chain and Trade Finance AVP
US-NY-New York
Full-time
Onsite
Mid Level
$65K/yr - $150K/yr
4+ years expBank of China USA is one of the largest banks in the world, established in 1912, with a global presence. The AVP of Supply Chain and Trade Finance will support product development, marketing, and client account management while ensuring compliance and risk control in trade finance operations.
Banking
Responsibilities
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
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
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
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
Qualification
Required
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
Preferred
Bilingual in Mandarin
CDCS or FCI certificate
Company
Bank of China USA
Bank of China (BOC) is one of the largest banks in the world, with more than $3 trillion in assets and a footprint that spans over 60 countries and regions.
501-1000 employees
H1B Sponsorship
Bank of China USA has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (57)
2024 (46)
2023 (52)
2022 (67)
2021 (36)
2020 (69)
Funding
Current Stage
Late StageLeadership Team
Peter J Reisman
Managing Director, Chief Communications Officer
Company data provided by crunchbase