Documentary Processing Center-Export Associate
The incumbent will be responsible for daily operation of export Letter of Credit documents checking and discounting. S/he will also participate in compliance and risks control as according to departmental compliance, risks control procedures, and as directed.
Job Duties
Include but are not limited to:
Operation
- Serve as the Letters of Credit (“L/C”) examiner, performing detailed review of export letters of credit documents.
- Conduct 2nd review of L/C documents.
- Input into the system the document presentation, acceptance, discount, payments, etc.
- File documentations and transaction related records.
- Communicate with relevant parties to resolve problems on rejected items, propose solutions, and prepare reports for management review.
Compliance and Major Risks Control:
- Conduct due diligence of daily transactions against OFAC, KYC, BSA, and any other US Government Regulations to ensure compliance procedures are followed and escalate if there are any concerns.
- Perform customer due diligence in accordance to the bank’s policies, procedures, and regulatory requirements.
- Complete transactional worksheets, check for red flags and perform screening, goods pricing check, due diligence, negative news search, vessel search, etc.
Job Requirements
- Minimum Bachelor’s Degree is required.
- Certified Documentary Credit Specialists (CDCS) certification is required.
- Minimum 1 year of experience in banking.
- Knowledge of regulations and compliance trade service/trade finance operations is preferred.
- Bilingual abilities in Mandarin is preferred.