Job Description & How to Apply Below
New York Job Description
Record and distribute incoming SWIFT messages related to Trade Finance Dept.
Distribute outgoing SWFIT messages released to Trade Finance Dept.
Perform reimbursement operations – data recording, making payment in E-GIFT, sending SWIFT messages, investigation, etc.
L/C and amendment advising – data recording, contacting beneficiary, creating cover letter, sending SWIFT messages, forwarding L/C or amendment to beneficiary, etc.
Documentary Negotiation – data recording, checking documents, contacting beneficiary for discrepancies, forwarding documents to issuing bank, sending tracking # to beneficiary, etc.
Making L/C payment - data recording, making payment in E-GIFT, sending payment notice to beneficiary, investigation, etc.
Setting up and booking confirmation or discounting liability.
Paying off confirmation or discounting liability.
Consumer services – explain L/C terms and conditions to beneficiary, problem resolving in related to the L/C, communicate with Beneficiaries/opening bank, etc.
Release Reimbursement, L/C payment, SWIFT messages.
Perform first OFAC Verification of messages and payments related to the Trade Finance Department.
Ensure compliance with all local (USA) regulatory guidelines and bank’s Policies and Procedures related to the L/C business.
13. Follow up with customers for recovery of fees for L/C related services.
14. Preparation and submission of monthly Trade Finance report, and MIS Report to Head
15. Preparation and submission of Weekly MIS report to Head Office.
16. Scan all transactions related to LC, Negotiation, Reimbursement, Foreign Bills for
Collection, Participations, SBLC, etc, into the respective Electronic Document Storage
Less than 1 Year