About Bank of America:
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 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. 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 19 cities 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.
Global Trade-Exposure Management (GTEM) is the central global resource for Trade Finance limit allocation related activity. We are a global team with associates in the United States, Hong Kong and China. GTEM Risk Specialists manage the allocation and monitoring process for over 800 trade finance facilities for correspondent banks in 83 countries. Due to the ever changing trends in trade business, new control procedures continue to be developed within this function to ensure trade finance risks are mitigated. Such development is coordinated with Credit Management, Trade Product and simultaneously seeks to facilitate objectives of FI Relationship Managers. Thus GTEM serves as a central clearing house allocating limits to booking units and ensuring trade finance facility usages/pricing are appropriate for the risk reward along with advising management on complex issues and business analyses
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