Trade Finance Specialist ( Letters of Credit)

Our client a well known Investment bank is seeking a Trade Finance Specialist in their New York, New York Location!

Typical Day in Role:

• Handle end to end processing of Standby Letter of Credit transactions, e.g. issuances, amendments, advises, confirmations, claims, examination of documents, payments, transfers, assignments of proceeds, billing etc. in Trade360, BESS, LoanIQ, CorrRisk systems within authorized limits assigned.

• Ensure all activities and transactions are processed in accordance with the Bank's Standard Operation Procedures and Trade Finance Anti-Money Laundering/Anti- Terrorist Financing and Sanctions Pre- Transaction Due Diligence Procedures as well as U.S. laws/regulations, OFAC, Anti-Boycott, other compliance regulations and international trade practices.

• Ensure transactions are executed in a timely and accurate manner, in adherence with established Service Level Agreements

• Prepare and review Standby Letters of Credit drafts to respond drafting requests from clients, and Sales/Execution teams, ensuring that language is in accordance with Bank’s procedures, international standby and industrial practices as well as compliance and legal requirements

• Respond promptly and effectively to requests, concerns and complaints from customers, other TSCs, the TSU and Sales/Execution teams in order to propose workable solutions

• Handle daily and monthly reconciliations between certain systems and resolve discrepancies in a timely manner

• Handle billing process of GWO LoanOps for out-of-pocket expenses related to SBLC transactions of corporate clients.

• Handle investigations to respond inquiries from clients, Sales/Execution and GWO LoanOps teams etc.

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

• Champion a high-performance environment and contributes to an inclusive work environment.

Candidate Requirements/Must Have Skills:

1. 2 years banking experience in Trade Finance operations

2. Knowledge of International Banking and Trade Finance operations

3. Working knowledge of ISP98, UCP600/ISBP

4. Excellent skills in word, excel, adobe acrobat etc.

5. Experience with SWIFT messages related to Trade Finance transactions

Soft Skills:

• High level of attention to details and ability to prioritize tasks

• Strong written and verbal communication skills

• Good interpersonal skills with ability to work in a team

• Ability to remain calm and effective during high pressure situations

Nice-To-Have Skills:

• Working knowledge in the T360, BESS, LoanIQ, CorrRisk, TLM , GTX systems is a plus

• CDCS is a plus

Degrees or certifications:

- Bachelor's degree in business/accounting preferred