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Trade Finance Associate

The incumbent will be responsible for daily operation of Supply Chain Finance and other trade service product. He/she will also participate in compliance and risk control as according to departmental compliance and risk control procedures and as directed.

Job Duties
Include but are not limited to:

-         Collect and distribute swift messages to different teams.
-         Oversee Reimbursement Collection and Payment and documentary collection business.
-         Communicate with counterparty to resolve problems.
-         Take appropriate actions to follow up to trace payment and inquiries.

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, Master’s Degree is preferred.
-         Certified Documentary Credit Specialists (CDCS) certification is preferred.
-         Minimum 1 year of banking experience is required.
-         Knowledge of trade service and trade finance operations, BSA, KYC, AML, is preferred.
-         Bilingual abilities in Mandarin is preferred.