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Trade Finance Ops Analyst

New York, NY 10004 | Direct Hire

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

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Handling of Trade Finance, LC Reimbursement and loan related transactions, processed by Centralized Operations, as per SOP in order to facilitate error free and value added services to our customers within established and agreed turn around time while ensuring compliance with regulatory guidelines as also banks internal policies.

Back up for Senior Officer Trade Finance in his absence.

  1. Back up for the receipt, distribution and dispatch of the post and courier.

Back up for input data for client services department.
  • Handling of matters and transactions related to Trade Finance, LC Reimb. and/or Loans accurately and efficiently to ensure compliance with Standard Operating Procedure and Service Delivery Standards.
  • Discuss with Senior Officer, Trade Finance and contact customers/ correspondents to seek clarification about the instructions/contents of the LCs/documents before their processing to minimize rework and errors.
  • Advising of LCs/Amendments to customers on timely basis after making sure that it complies with all the regulatory requirements and regulations.
  • Adherence to all policies, procedures, local laws and regulations while handling all the transactions/matters related to the Trade Finance like LCs/Amendments, Documents, etc. 
  • Liaison with Centralized Operations,  to provide them assistance in processing and handling transactions and customers matters properly and promptly.
  • Coordination with customers in advising, reviewing  and discussing their LCs, documents, discrepancies and payments/charges to provide them seamless services within the agreed TAT.   

Maintain and update documents, correspondence and the other record
  • systematically to ensure efficient retrieval of the same.
  • Identify bugs/flaws and propose improvement in operating system and procedure to enhance efficiency.
  • Apply thorough knowledge of Trade Finance, LC Reimb, the Loans process flow as well as operating systems, and SWIFT to perform assigned job efficiently, avoid reworking while minimizing errors/complaints and any audit and/or examinations exceptions.
  • Scanning of mail/telex/fax LCs, Amendments, Reimb. Claims and Documents presented, to Centralized Operations, Dubai strictly according to the procedure and agreed SDS, thus ensuring un-interrupted/ prompt services to our customer.
  • Review and consolidate statements/reports, arrange MIS with accuracy and timely submission.
  • Make courtesy call to the beneficiary Trade Finance team for our prompt and good service and encourage them to provide more business making sure that they are happy with our service also chase operation for any urgent processing as beneficiary request.
  • Check the old record and search for the valued exporters check if there is big gap between two L/C for marketing purposes.
  • Process Incoming & Outgoing Collections (FedReceipt, Forward Image Cash Letter, Inward and Outward Clean Collections) within established guidelines.
  • Ensure that pre-advices are received via MT110 for all drafts drawn by correspondent banks on their accounts. Ensure the sanctions screening has been performed.  Follow up with the customer obtain any missing information.
  • Process accounting entries related to Money Market Borrow/Lending; all check related entries.
  • Process wire transfers as directed by branch administration and management.
  • Create SWIFT messages for all communications requirements of the Client Services manager.
  • Assist in the maintaining of the Bank’ s position whenever necessary.
  • Various duties related to the maintenance of Customer/Account files, as needed.

  • Strong key board and PC skills.
  • Experience on accounts reconciliation
  • Thorough knowledge of  basic banking, trade finance, UCP/URR & loan admn.
  • At least 5 years experience in the related fields
  • Knowledge of bank operating systems, SWIFT, Fedwire, CHIPS, Clearing /Collection, Remittances, Core Banking
  • Conversant with Payments processing.
  • Strong key board, PC and Microsoft office skills, including emails/internet.
  • 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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