Deutsche Bank New York Branch seeks a Trade Finance Advisory & Services Officer to provide advisory services for clients on Trade Finance instruments, ensuring compliance and mitigation of risks associated with international trade transactions.
Requirements
- Extensive, relevant, and progressively responsible experience reviewing technical Guarantees, Standby and Documentary Letter of Credits language for compliance with ICC publications, local requirements, and key operating procedures.
- Extensive, relevant and progressively responsible experience performing document negotiation for Export Letters of Credit and relevant traditional trade products, including Import and Export collections, ensuring transaction processing is in accordance with key operating procedures, local regulator’s requirements and the International Chamber of Commerce (ICC) guidelines
- coordinating and performing transaction monitoring due diligence requirements for TF products
- mitigating financial crime risks and ensuring appropriate level of AML/AFC monitoring is in place by capturing, checking, and monitoring all parties, countries, ports, and vessels involved, following up on clients activities, and escalating any unusual transaction as necessary
- applying knowledge of Trade Finance products and processes to review existing handling procedures of Trade Finance products in accordance with key operating procedures, ICC standards, and regulator’s requirements
- Able to communicate fluently, written and verbal, in English.
- Strong quantitative and analytical skills. Highly proficient with Microsoft office
Responsibilities
- Manage day-to-day activities for the Trade Finance Advisory Services team
- Provide technical assistance to Sales & Structuring, Corporate Clients, Correspondent Banks, and DB Branches in dealing with the intricacies of traditional trade products (Standby Letters of Credits, Documentary Letters of Credit, Documentary Collections &Trade Finance Loans)
- Written and verbal communications with internal and external clients associated with the structuring and facilitation of Trade Finance products and other associated processes
- Timely resolution of inquiries received from internal and external clients and escalating any potential problems or seeking clarification as appropriate
- Ensure that all transactions are completed within the set time frames/deadlines established by management
- Extensive, relevant, and progressively responsible experience reviewing technical Guarantees, Standby and Documentary Letter of Credits language for compliance with ICC publications, local requirements, and key operating procedures.
- Extensive, relevant and progressively responsible experience performing document negotiation for Export Letters of Credit and relevant traditional trade products, including Import and Export collections, ensuring transaction processing is in accordance with key operating procedures, local regulator’s requirements and the International Chamber of Commerce (ICC) guidelines
Other
- Requires a bachelor’s degree in finance, Business Administration, or related field or equivalent
- Spanish and or German language skills are a plus.
- Strong client service skills
- Demonstration of organizational skills to manage multiple and often competing tasks simultaneously under tight deadlines and pressure
- Excellent communication and partnering skills as well as effective stakeholder management
