Trade Services - Trade Finance Marketing AVP
Bank of China, U.S.A. - New York City, NY
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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 on the research, development, and marketing of new supply chain finance products. S/he will develop new factoring and supply chain finance products, draft legal documents, policy and procedures for new products, and promote the products. S/he will also manage clients’ accounts and ensure the compliance of all procedures and transactions.Include but are not limited toProduct Development, Marketing, & Credit Facility ApplicationDevelop new factoring and supply chain finance products based on client or outside financial institutional needsDraft, review, and revise legal documentation, policy, and procedures for factoring products and servicesCommunicate legal issues with internal or external counselPrepare Credit Recommendation reports (CRR) for management reviewPromote dept. accounts receivable financing, supply chain finance and risk participation/forfeiting productsServe as a coordinator for client meetings and factoring marketing eventsPrepare pitch books and other presentation materialsMeet prospective clients to perform due diligence and tailor products and services to meet the needs of both the customer and the BankServe as a point of contact for professional organizations that promote factoring productsMaintain and establish new relationships with outside financial institutions and corporate clientsMaintain communication with other branches for business cooperation and product developmentRespond to general customer enquiries about factoring products and servicesCompliance and Risk ControlFollow the Bank’s policy and departmental compliance and risk control procedures when develop new customer and accept transactionsConduct KYC and customer due diligence Jointly with KYC team in accordance to Bank’s Policy and departmental KYC proceduresMonitor 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 trainings Set up customer profile, timely update and review itUpdate 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 neededClient Account Management and Operations SupportServe as a main point of contact for communication with existing clientsMonitor the daily balance of factoring and supply chain finance businessReview and assist with the collection process of overdue invoicesInstruct back office on policy and procedures for new factoring and supply chain finance productsProvide assistance in daily operations for factoring and supply chain finance related transactionsNew Programs ClosingFollow up with clients for the KYC documents and transactional documentsCoordinate with other departments if necessary to close the new programsBachelor’s degree in Finance, Accounting, Economics or other business related field is required, Master’s degree is preferredMinimum 3 years of work experience in corporate finance and trade financeDemonstrate knowledge of credit underwriting, Trade Service and Trade Finance operations, BSA/KYC/AML, Factoring and Supply Chain FinanceDemonstrate sound skills in MS Office, financial statement analysis, and good communication skillsBilingual capability in Mandarin is requiredFCI certification is preferred but not requiredUSD $65,000.00 - USD $150,000.00 /Yr.
Created: 2024-09-07