JOB DESCRIPTION
Location: Hybrid| New York, US
Duration: 12 months
Our client a leading financial institution in Downtown Toronto is looking for a trade Finance Operations Analyst to handle end-to-end processing of Standby Letters of Credit transactions, e.g. issuances, amendments, advises, confirmations, claims, examination of documents, payments, transfers, assignments of proceeds, billing, etc. in Trade360, BESS, ACBS, CorrRisk systems within authorized limits assigned. The successful candidate will have the opportunity to work with one of the Top 5 Banks in Canada.
Typical Day in role:
- 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 to drafting requests from clients, and Sales/Execution teams, ensuring that language is by 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 to propose workable solutions
- Handle daily and monthly reconciliations between certain systems and resolve discrepancies promptly
- Handle billing process of GWO LoanOps for out-of-pocket expenses related to SBLC transactions of corporate clients.
- Handle investigations to respond to 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 contribute to an inclusive work environment.
Must-Have Skills:
- 3+ years banking experience in Trade Finance operations
- Knowledge of International Banking and Trade Finance operations
- Working knowledge of ISP98, UCP600/ISBP
- Excellent skills in word, excel, adobe acrobat etc.
- Experience with SWIFT messages related to Trade Finance transactions
Nice-To-Have Skills:
- Working knowledge in the T360, BESS, LoanIQ, CorrRisk, TLM , GTX systems
- CDCS
Soft Skills Required:
- High level of attention to detail and ability to prioritize tasks
- Strong written and verbal communication skills
- Good interpersonal skills with the ability to work in a team
- Ability to remain calm and effective during high-pressure situations
Education:
- Bachelor’s degree in business/accounting
Finance professional is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. We advocate for you and welcome anyone regardless of race, color, religion, national origin, sex, physical or mental disability, or age.