Trade Operations Specialist

Company: CTBC Bank Corp USA
Location: Rowland Heights
Posted on: May 21, 2023

Job Description:

POSITION SUMMARY:Support the Bank customers' import, export, and other trade activities through servicing of commercial letters of credit, Documentary Collection, and other trade products to ensure accuracy and completeness in accordance with UCP600, URC522, and ISBP745.Support the operating system quality and ensure the process meets the Bank's requirements for efficiency, accuracy, and compliance.ESSENTIAL FUNCTIONS:Trade Activities (60%)Utilize international trade-specific procedures, rules, guidelines and regulations to perform all functions related to import letters of credit, export letters of credit, and sequential duties, i.e. process transactions for import issuance, amendment, documents examination, air releases, shipping guarantees, acceptances, and payments; for export advising, transfer letters of credit, assignment of proceeds, negotiations, usance discount etc.Monitor and update marine cargo insurance policies to ensure the coverage is appropriate and effective.Retrieve, create, send, and release messages using the SWIFT system in a timely manner.Conduct daily review of entries posted to DDA and G/L in the operating system and process the interface into the core system.Provide responses and documentation to inquiries and ad hoc requests for trade products.Operations Servicing (40%)Process transactions in the operating system to ensure completeness, accuracy, and conformance to the established high quality service levels and applicable policies and procedures, governing laws, and regulations in order to mitigate the Bank's risks.Participate in operating system related activities to ensure the setup, user access while executing business process, verify integrity of converted and additional data, and verify the operational workflow are maintained properly.Handle, resolve, and escalate complex, non-standard, and time sensitive Trade Operation issues.OTHER RESPONSIBILITIES:Successfully complete all mandatory training on related Bank and BSA compliance as well as other laws and regulations as assigned in a timely manner.Perform other duties as assigned.Education, Experience and Skills Required:Bachelor's degree in Finance or related field preferred.3+ years of trade operations experience required, experience in a commercial bank strongly preferred.Comprehensive knowledge of Uniform Customs and Practice for Documentary Credits (UCP600), Uniform Rules for Collections (URC522), and International Standard Banking Practice for the Examination Documents under Documentary Credits (ISBP745), SWIFT, and governing regulations. Standby letters of credit knowledge preferred.Ability to work independently and as well as a team player, be detail-oriented and analytical.Ability to manage multiple tasks and duties as assigned, prioritize in a fast-paced deadline driven environment.Strong understanding and knowledge of the US regulatory environment and framework, including OFAC, AML, BSA, KYC, and Anti-Boycott.Good verbal and written communication skills, organizational skills, interpersonal skills, and customer service oriented.Proficient with Microsoft Office - Outlook, Word, and Excel preferred.PHYSICAL DEMANDS:Minimum mobility to work in an office setting; sit for prolonged period of times; operate office equipment including use of a computer keyboard; and reach with hands and arms. Employees are occasionally required to walk and stand and lift and move records and documents weighing 30 pounds or less.COMMUNICATION DEMANDS:Attention to detail, strong organizational, communication, interpersonal, self-motivated, and analytical skills, ability to interact with all levels of management and staff.WORK ENVIRONMENT:Standard office environment. Noise level in work environment is usually average. Hear in the normal audio range with or without correction. Specific vision abilities required by this job include close vision and the ability to adjust focus.CompensationThe base pay range for this position is USD $20/Hour - USD $27/Hour plus full benefits. Exact offer will be determined based on job-related knowledge, skills, experience, and location.

Keywords: CTBC Bank Corp USA, Rowland Heights , Trade Operations Specialist, Other , Rowland Heights, California