Trade Services Department-Supply Chain and Trade Finance AVP
Bank of China USA · New York City, New York, US
Introduction 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 tha...
Job description
Introduction 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. Overview: The incumbent will provide support to the team with the research, development, marketing for products of Supply Chain Finance, Factoring, Letter of Credit, LC discounting etc. Responsibilities: Product Development and New Programs Closing - 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 Subcommitt...