Trade Finance Job Description

Trade Finance Job Description

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Trade finance provides solution or explanation to client subject to UCP 600, ISBP, ISP98, URR725, URC522 or incoterms 2010.

Trade Finance Duties & Responsibilities

To write an effective trade finance job description, begin by listing detailed duties, responsibilities and expectations. We have included trade finance job description templates that you can modify and use.

Sample responsibilities for this position include:

Work closely with internal stakeholders including Product Management, Legal, Compliance, Sales colleagues in developing product solution, taking into consideration UCP, URC, ISBP, URDG and other technical and regulatory requirements
Place stationery orders via BuySmart for general office supplies, business cards, diaries
Prepare one-off applications and credit proposals (including early stage commercial support applications and inputs in Approval package, Finan, Risk Rater )
Writing Business requirement documents and ensuring project documentation is produced and signed off by stakeholders
Managing the testing of new data feeds and ensuring theur sign off by stakeholders
Updating key operating procedures accordingly
Carrying out PMO functions, including producing material to update stakeholders and maintaining resource plans in data sourcing workstreams
Resolves complex issues and conflicts
Manage day to day senior client contact and handling of client issues with proactive follow up with the respective Operations
New Client on-boarding and management

Trade Finance Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Trade Finance

List any licenses or certifications required by the position: CDCS, CMA, CPA, MBA, XML, CITF, ACAMS, PMP, ITSM, ITIL

Education for Trade Finance

Typically a job would require a certain level of education.

Employers hiring for the trade finance job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Business, Accounting, Economics, Business/Administration, MBA, Education, Management, Graduate, Technical

Skills for Trade Finance

Desired skills for trade finance include:

ISBP
URR
UCP 500/600
URC522
Boycott regulations
OFAC compliance
Excel
Microsoft Office products

Desired experience for trade finance includes:

Confident, self-motivated individual that thrives in a fast-paced, dynamic environment
Proficient in the use of bank and TF related business systems and general technology such as PowerPoint, Siebel, Livelink
Undergraduate degree with a focus on Business, Economics, Finance/Accounting, International Relations or equiv
4+ years of relevant banking experience and/or Trade Finance experience in the corporate sphere with specific focus on Trade Finance Sales/Operations/Product Development, and/or Global Treasury Management, and/or Commercial or Corporate Banking Relationship Management
The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply
5 years of related experience in Trade Finance Services

Trade Finance Examples

1

Trade Finance Job Description

Job Description Example
Our growing company is looking to fill the role of trade finance. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for trade finance
  • Liaises with program / project managers and other stakeholders as appropriate as the business/functional counterpart for solution identification
  • Responsible for Quality Assurance of project deliverables along with the development and testing teams
  • Engage with the development team to confirm the actual implementations are aligned with the high level solution & design provided
  • Validate all the NFR expected as part of business requirement is met in the actual implementation
  • As loan sales approach a negotiated agreement, this role will manage the process to ensure smooth execution through closing
  • Manage and coordinate all documentation related to each specific loan sale
  • Utilize expertise on instrument format reviews for Industrial Businesses to ensure Corporate Compliance and Risk mitigation
  • Ensuring timely processing and reviewing of product payments, possible invoice discounting
  • Receiving enquiries and taking responsibility for responding immediately, or arranging am appropriate hand over to the operational unit, ensuring follow ups where necessary, keeping the client informed at all stages of the transaction
  • Responsible for ensuring timely, complete and accurate processing of Trade Finance transactions (including performing all relevant controls) within own area of responsibility
Qualifications for trade finance
  • Have an excellent working understanding of physical commodities in particular Oil and oil derivatives
  • Understand the importance of controls & procedures, ideally gained through previous experience in a Banking environment
  • Have strong negotiation and decision making skills
  • Have good organisational and prioritisation skills
  • Have excellent communication skills, particularly as the team deals with a broad range of locations and counterparties
  • Have the ability to work with a broad spectrum of people, including, dealers, marketers, sales persons and customers
2

Trade Finance Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of trade finance. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for trade finance
  • Monthly certification of all reconciled accounts
  • Ensure supplies are ordered, stored and distributed to staff for smooth operational processes
  • Assist other areas within the department as needed
  • If required
  • Responsible for all elements of the monthly close as it relates to overall North American trade investment, including processing and analysis of the Accelerate Trade accrual, monitoring and reconciliation of Unconditional allowances and reconciliation and aging of all balance sheet accounts
  • Perform trade investment analysis by customer and brand, isolating current activities, YTD trends, potential risks and upsides to published expectations
  • Generate and support monthly NSD Outlook process
  • Support Financial Forecast process of extracting trade rates from Accelerate, reviewing for reasonableness, uploading into TM1
  • Improve Accelerate data integrity by performing customer field audits, generating non-compliance reports and providing corrective training to non-compliant users
  • Support the annual customer target setting and attainment process
Qualifications for trade finance
  • Have a minimum of 10 years experience in Physical Oil back office/middle office/operations role
  • Maintain at all times an excellent knowledge of the Bank’s domestic and international compliance Polices & Procedures and regulations related to trade finance business
  • Ork within set infrastructure model and standards for product and project delivery, and
  • Solid knowledge and understanding of the business unit’s key products and
  • High computer literacy and strong English and Mandarin language capabilities (both spoken and written)
  • 12 + yrs of strong architecture experience encompassing implementations in Java, services, and integration technologies like Mule, Websphere MQ stack
3

Trade Finance Job Description

Job Description Example
Our company is searching for experienced candidates for the position of trade finance. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for trade finance
  • Maintain positive and proactive interaction with Sales and Customer/Category Finance Management to ensure ongoing exchange of quality financial information
  • Support all aspects of monitoring, reporting and forecasting of sales overhead, including Broker bonus payments
  • Assist the team with maintaining an existing portfolio of Commercial Bank and Multinational Corporate (MNC) clients
  • Assist with the development and execution of a strategic sales plan for Commercial Bank and MNC clients
  • Building relationships through frequent client meetings (co-ordinate with the Bankers and Treasury Sales Managers) and discussions covering product structures and innovations market and industry developments including with internal CB, GCB, Trade Legal, Risk, Product, CPD and Operations partners
  • Work alongside the Commercial Bank Execution team and CPD teams in facilitating the negotiation of new facility documentation
  • Engagement in relevant business approvals meetings, contribute to trade-side CB and GCB approved product and NBIA initiatives
  • Assisting Senior Product Officers in the origination of Trade Finance transactions
  • Participate in the elaboration of CSTF’s strategy
  • Identify potential targets which fit the strategy and risk appetite of CSTF
Qualifications for trade finance
  • Ability to multi-task in a fast-paced environment At our company, we have been helping our customers and communities for over 195 years
  • A 4 year undergraduate degree with a focus on Business, Economics, Finance/Accounting, International Relations or other related degree
  • A good working knowledge of Trade Finance products
  • Proven skills in teamwork, providing excellent customer service and the ability to meet strict deadlines and customer SLAs are required
  • Awareness and/or experience in CIB Operations business would be an advantage
  • Knowledge of TRADE FINANCE or Supply Chain Finance fields
4

Trade Finance Job Description

Job Description Example
Our growing company is looking to fill the role of trade finance. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for trade finance
  • Prepare pitch books and other marketing materials
  • Coordinate with Latin American coverage teams for Mid Term Plan information requests from Senior Management
  • Manage credit submission process
  • Create teasers / structure memos and check sheets necessary for credit submission
  • Communicate and coordinate with portfolio management, relationship management, credit departments and CSTF’s sales, execution and booking teams
  • Submit application packages through the proper systems
  • Act as point person for credit division for structure related inquiries
  • Prepare credit applications for refinancing, facility renewals, amendments and waiver requests
  • Evaluate and establish appropriate credit ratings
  • Monitor potential credit deterioration and take necessary actions in cooperation with account officers
Qualifications for trade finance
  • A detailed knowledge of market areas, industry and regional sector requirements for Corporate and Commercial Trade, Commodity Trade Finance, Supply Chain Financing, Approved Payables Financing our competitive positioning in servicing needs
  • Responding promptly and expertly to TSC inquiries, issues
  • Acquiring and maintaining an excellent knowledge of the Bank’s domestic and international compliance P&P and regulations related to trade finance business
  • Degree from a reputable university preferred
  • Extremely detail oriented with ability to multitask
  • Travel up to 75% during startup phase
5

Trade Finance Job Description

Job Description Example
Our growing company is looking for a trade finance. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for trade finance
  • Responsible for customer order release
  • Responsible for settlement of off Invoice Claims, monthly trade claims, quarterly/yearly scheme payouts for all parties
  • NMCs (No More Claims) from parties to be cleared on quarterly basis
  • NMC dispute resolution
  • Maintain appropriate commercial hygiene and discipline in the operations in market & CFA point
  • Monthly review of Debtors and Spends made for the channels
  • Contribute to Trade Finance business development by providing support to Relationship Managers offices in originating and executing the transactions, which includes credit approval process and discussions with related divisions such as credit departments, RM's, legal
  • Completing insurance quotations (NBI) for approval by the European Credit Committee or NY senior management
  • Assist in management of the execution process and conduct monthly and quarterly reviews of the portfolio
  • Provide guidance and support to junior level staff
Qualifications for trade finance
  • Minimum of 5 years Trade Finance experience -Letters of Credit, Bank Guarantees and Surety Bonds plus a strong understanding of UCC policies local laws and regulations surrounding Trade Finance
  • Minimum 5 year Trade Finance Operation experience with Bank based in Japan
  • Manage the marketing, origination and execution of Trade Finance business, cooperating with RM and product specialists within Asia Pacific the Transaction Services Team in Tokyo for product synergy
  • 3 years experience in an international trade environment preferable in Settlements
  • Bachelor Degree in Finance, International Business or other related discipline an asset
  • CDCS accreditation an asset

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