Non-Officer, Trade Finance Services Rep

  • Competitive
  • Hong Kong
  • Permanent, Full time
  • Bank Of America / Merrill Lynch
  • 16 Oct 18

Non-Officer, Trade Finance Services Rep


About Bank of America Merrill Lynch:

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.
Connecting Asia Pacific to the World
Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies.

Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.

Bank of America Merrill Lynch is an equal opportunities employer.

Position Description
The role require individual to perform a variety of typically non-routine support functions related to trade finance servicing by following established practices and precedents. Typical job activities include: reviewing, auditing, tracing, and researching trade finance documents, outstanding payments, amount discrepancies, returned/unpaid items and Letters of Credit renewal/maturity files; investigating and resolving customer inquiries; processing specialized trade finance transactions such as letters of credit, amendments, acceptances, collections reimbursements and advises, verifying and disbursing payments; reconciling and balancing letters of credit fees, liabilities, posted items; preparing and recording issuances, amendments, stand-by letters of credit, negotiations, and related trade finance correspondence. Problems encountered are of substantial variety and complexity requiring basic research to resolve.
Key Responsibilities

  • Responsible for processing for Import/Export Trade processing and follow up with any irregular case, maintain a high quality of work and spot attempted fraud and ensure self-operations is in strictly compliance with internal policy and/or local regulatory requirements.
  • Process all functions of import/export trade products
  • Ensuring all procedures, practices and service delivery standards are complied with regulatory and internal requirements
  • Responsible for achieving the standard of the Quality Management System in line with requirements in processing turnaround time.
  • Carry out any other duties and responsibilities given by the manager
  • Process import/export bills documents and apply knowledge of commercial law/government regulations, e.g. OFAC, UCP600, URC522
  • Ensure transactions are handled efficiently and effectively
  • Continuously improve working skills and efficiency via self -study or trainings of system enhancement
Key Requirements
  • University graduate, preferably in Banking or International Business
  • Good communication skills and fluent in spoken and written English.
  • Good command of Mandarin and Cantonese.
  • Well versed with all ICC Articles in particular UCP600, ISBP and URC522, and have better knowledge of OFAC, AML and KYC.
  • Strong working knowledge of Microsoft Excel spreadsheet, Word, and PowerPoint
  • Must be very customer focused, proactive and service oriented.
  • Good team player and willing to learn
  • Have 1-2 years trade experience, experience in documentary credit - processing an advantage
  • Detail-conscious , well-organized, self-motivated, willing to work under pressure, and ability to manage a variety of responsibilities and prioritize effectively
  • Strong sense of responsibilities and ability to work independently as well as interact effectively with the team


Posting Date: 01/10/2018
Location:
51 KWAI CHEONG ROAD - KOWLOON COMMERCE CENTER TOWER 2
- Hong Kong

Full / Part-time: Full time
Hours Per Week: 40