What are the responsibilities and job description for the Vice President, Cash Processing/Funds Transfer Manager position at BNY?
Job Description
In this role, you’ll make an impact in the following ways:
At BNY, our culture speaks for itself, check out the latest BNY news at BNY Newsroom & BNY LinkedIn
Here’s a Few Of Our Recent Awards
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting.
Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee’s eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If hired, the employee will be in an “at will” position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.
In this role, you’ll make an impact in the following ways:
- The Role holder will be responsible for leading multiple Trade Finance Operations teams servicing clients from APAC, Frankfurt & US locations by providing quality support in facilitating the transactions and processes. This role may also involve managing multiple transformational projects working with various stakeholders simultaneously.
- Ensures best-practice approaches for streamlining and optimization processes through workflow design and technology.
- Applies in-depth knowledge and expertise on service offerings, proactive assessment and resolution of complex transaction issues. Manage/provide oversight on multiple projects in parallel aiding the teams in achieving the business objectives.
- Participate in the risk and control committee and mitigate inherent and residual risk of the processes.
- Assist Product and Relationship team on client-based solution and strategic business case. Design and provide technical training and create process guide and manual for the process
- Act as an escalation point for complex problems and guide less experienced staff in resolving the same. Responsible for crafting solutions and methods to resolve issues at hand and similar issues in the future.
- Responsible for achievement of team / organizational goals. Ensure teams are equipped to operate and attain team / organizational objectives. Manages the human resources of the team, including recruitment, training, coaching, performance management and career development. May manage the financial resources of the team (budgets, expenses, etc.).
- Responsible for structuring Letters of Credit or Standby LC/ Guarantees by collaborating with the Clients, Legal, Product, Risk & Compliance
- As a documentary credit specialist, provide comprehensive training to the team in issuance, confirmation vetting, and document examination processes, while developing a skilled workforce to meet client requirements and support business objectives.
- Bachelor's degree in Finance, Business Administration, or a related field. - Advanced degree or professional certification (e.g., CFA, CPA) is preferred.
- Typically 4-7 years of experience.
- 8-10 years of total work experience in Trade Finance is preferred with at least 2 years in Team management highly preferred
- Experience in Letters of Credit, Document Examination, Standby LC, guarantees function well versed with UCP, URDG and ISP guidelines is required.
- Applicable local / regional licenses or certifications as required by the business. Trade Certifications (example: CDCS, CSDG etc.) is added advantage.
- A strong knowledge of Sanctions, Anti-Money Laundering (AML), and Boycott guidelines, as well as their relevance to Trade Finance, is highly desirable.
At BNY, our culture speaks for itself, check out the latest BNY news at BNY Newsroom & BNY LinkedIn
Here’s a Few Of Our Recent Awards
- America’s Most Innovative Companies, Fortune, 2025
- World’s Most Admired Companies, Fortune 2025
- “Most Just Companies”, Just Capital and CNBC, 2025
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting.
Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee’s eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If hired, the employee will be in an “at will” position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.