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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:

-         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.