Join our dynamic team as a Trade and Working Capital Specialist, where you will partner with clients and internal stakeholders structure standby letters of credit and guarantees.
As a Trade and Working Capital Specialist - Senior Associate in our Trade Finance Team, you will structure standby letters of credit and guarantees, providing expert advice to support clients' trade finance needs. Your role is crucial in managing risk and ensuring regulatory compliance.
Job responsibilities
* Develops and structures standby letters of credit and guarantees tailored to clients' trade finance requirements
* Collaborates with clients to understand their business needs and provide customized solutions
* Conducts thorough risk assessments to ensure the security and viability of trade finance transactions
* Implements risk mitigation strategies to protect the interests of both the bank and its clients
* Builds and maintains strong relationships with clients, acting as a trusted advisor for their trade finance needs
* Provides ongoing support and guidance to clients, ensuring their satisfaction and loyalty
* Ensures all trade finance transactions comply with relevant regulations and internal policies
* Stays updated on changes in trade finance regulations and industry best practices
* Prepares and reviews documentation related to standby letters of credit and guarantees
* Maintains accurate records and generates reports for management and regulatory purposes
* Works closely with internal teams, including credit, legal, and operations, to ensure seamless execution of trade finance transactions
Required qualifications, capabilities, and skills
* Knowledge of URDG / ISP 98 and UCP 600
* Relevant experience in trade finance, focusing on standby letters of credit and guarantees wording negotiation
* Strong knowledge of trade finance instruments, risk management, and regulatory compliance
* Excellent analytical, problem-solving, and decision-making skills
* Exceptional communication and interpersonal skills, with the ability to build and maintain client relationships
* Proficiency in drafting and tracking changing wording using Microsoft Office Suite
Preferred qualifications, capabilities, and skills
* Experience in cross-functional collaboration
* Familiarity with industry best practices in trade finance
* Ability to participate in cross-functional projects to enhance trade finance offerings
* Strong attention to detail and organizational skills
* Ability to adapt to changing regulations and client needs
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