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Middle Office Trade Finance Officer

New York, NY 10004 | Direct Hire

Post Date: 03/05/2018 Job ID: 12243 Industry: L/C Senior Technician

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  • Seamlessly take over and/or provide support on transactions negotiated by RM’ s.
  • Ensure same day turnaround on inquiries for priority clients and 48 hour turnaround for non-priority clients, related to transactions that are being handled by NY Branch 
  • Provide error free and value added services to our customers within established and agreed turn around time while ensuring compliance with regulatory guidelines and banks internal policies.
  • Back up for Officer Trade Finance.

  • Manage/Coordinate on an end to end basis transactions related to Trade Finance, LC Reimb. and Loans. Ensure compliance with Standard Operating Procedure and Service Delivery Standards.
  • Assist in streamlining the work flow of Trade Transaction thereby minimizing rework and errors.
  • Coordinating advising of LCs/Amendments to customers on timely basis.
  • Scanning of the documents to TCS/outsourcing unit and strong monitoring for it’ s end-to-end TAT
  • Getting names, appearing in the transaction/documents screened for the OFAC 
  • Adherence to all policies, procedures and regulations while handling all the transactions/matters related to the Trade Finance like LCs/Amendments, Documents, etc. 
  • Liaison with Centralized Operations, and other stakeholders to facilitate Trade Transactions for Customers.
  • Coordination with customers in advising, reviewing  and discussing their LCs, documents, discrepancies and payments/charges to provide them seamless services within the agreed TAT.   
  • Review and consolidate statements/reports, arrange MIS with accuracy and timely submission.
  • Be a single point of Contact for customer queries related to Trade Transactions. Make courtesy call to the beneficiary Trade Finance team for soliciting additional business
  • Strict compliance with Bank policies & procedures 
  • Operates in an intense environment with volumes of work fluctuating during the day. Has significant interaction with business groups / OPS concerning credit and customer issues and with overseas branches and correspondent banks
  • Helps resolve disputes, discrepancies in a professional and timely manner
  • Reconcile outstanding entries and matters in question/under complain related to   Trade Finance transactions.
  • Pursue for collection of our charges

  • Thorough practical and operational knowledge of  basic banking, trade finance, UCP, URR, URC & loan admn.
  • Familiarities with the related regulatory requirements towards screening/processing of the transactions
  • At least 3 years’ experience in the related fields
  • Organization, prioritization and communication skills

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Dan McNichol

Dan McNichol comes to Adams Consulting Group with more than 22 years in the banking and software industries. Dan also has over 15 years in the recruiting industry, in which includes a previous association with Len Adams at KPA Group. As a banker Dan started his career with Manufacturers Hanover Trust Co. as a management trainee in the International Funds Transfer Division. He eventually moved on to two regional banks where he ran various international operations groups including Letter of Credit, Collections, FX and Funds Transfer. During his tenure with National Community Bank (n/k/a Bank of New York), Dan was part of team that assisted in the trade services group migration from a manual to an automated environment. The opportunity to expand his technical skills provided an ensuing opportunity to move to the vendor side of trade services. As a recruiter, Dan has been involved with searches on behalf of financial organizations from small retail neighborhood banks to prime foreign and U.S. banks seeking mid- to senior-level managers in disciplines involving compliance, international, retail, credit, lending and operations.

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