Handles transactions and ensures compliance in Global Trade & Standby Services and Foreign Exchange banking products. Requires strong analytical skills and client collaboration.
Responsibilities
Support the processing of GTSS and FX transactions at various stages of the trade life cycle.
Review, execute, and reconcile trade transactions, payments, settlements, and related documentation.
Verify transactional completeness and accuracy in alignment with service levels, policies, terms, and procedures.
Ensure all necessary documentation, materials, and approvals are in place before processing or releasing transactions.
Identify and resolve discrepancies, including incorrect system setups, fee calculations, or payment terms.
Partner with IT to troubleshoot system issues and support long-term solutions.
Communicate with clients regarding outstanding items, invoice clarification, and payment-related questions.
Collaborate with Relationship Managers and internal teams to validate calculations, prepare Excel templates, and support client needs.
For Standby Letters of Credit: Ensure regulatory and credit approvals are obtained prior to issuance or release.
Examine documents for compliance with LC terms.
Work with RMs, clients, beneficiaries, and internal/external Counsel to structure and finalize complex SBLCs.
Advise management on developments that may impact processes or departmental operations.
Requirements
High school diploma or equivalent
Five or more years of relevant work experience
Thorough knowledge of fee-based operations, accounting, or trade finance
Standby Letters of Credit (SLCs) is a plus (either handling them, reviewing documents, or understanding the regulatory and compliance obligations)
Strong problem-solving and client servicing skills
Ability to identify and resolve/escalate complex problems with minimal guidance
Effective verbal and written communication skills
Proficient computer navigation skills using a variety of software packages including Microsoft Office applications
Benefits
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
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