At Bank of America, the business problem is to perform technical and analytical functions related to trade financing and servicing, including researching, analyzing, auditing, tracing, and resolving trade documents that require specialized, sensitive, or exception handling.
Requirements
- Knowledge of trade finance operations and documentation
- Some experience as a letter of credit or trade specialist familiar with ISP 98 and/or UCP 600, and legal and compliance regulations
- Knowledge of SWIFT, wire transfers and accounting entries
- Attention to Detail
- Analytical Thinking
- Problem Solving
- Research
Responsibilities
- Performs a variety of technical and analytical functions related to trade financing and servicing. Responsibilities include researching, analyzing, and resolving trade documents that require specialized, sensitive, and/or exception handling;
- evaluating acceptances, issuances, amendments, and negotiations for import/export, standby and government letters of credit and bankers acceptances;
- reviewing, analyzing and negotiating letters of credit documents;
- issuing commercial and stand-by letters of credit, amendments, transfers and requests to pay;
- approving payments, collections and reimbursements.
- Processes transactions related to various Trade Finance products and performs support and servicing functions, such as problem resolution and exception handling for clients and business partners
- Manages risk by ensuring transactions are handled efficiently and proactively, identifying and escalating potential risks
Other
- Effective written and verbal communication skills
- Detail-oriented with strong organization skills
- Good team player, enthusiastic, flexible and committed
- Ability to work under pressure, meet deadlines and navigate change and prioritize daily
- College degree or comparable banking experience
