The Trade Finance Operations Department’s primary function is to provide
technical expertise for traditional trade products to BNP PARIBAS North
America’s corporate clients, BNP PARIBAS Branch Network and Business Units in
compliance with U.S. Federal and State laws and International Conventions while
providing excellent customer service and timely processing of requested trade
Candidates will be measured on the following four performance drivers which
will dictate how individual impact is considered on the Americas platform:
- Results and Impact
- Leadership and Collaboration
- Client, Customer and Stakeholder Focus
- Compliance Culture and Conduct
Transaction processing of all traditional trade finance products
offered by BNP Paribas North America within the operational model in place at
any given time:
Issuance and maintenance of
standby letters of credit
maintenance of standby letters of credit
Issuance and maintenance of documentary letters of credit
maintenance of documentary letters of credit
Examination of default
drawing and direct pay presentations (includes first or second examination
Processing of written
correspondence and verbal communications with internal and external customers
associated with the resolution of technical letter of credit construction
subject matter and other associated
Calculating and tracking fees
Provide technical assistance to account officers, corporate
clients, correspondent banks and BNPP branches & subsidiaries in dealing
with the intricacies of traditional trade products (standby letters of credit,
documentary letters of credit & documentary collections.
Drafting (redlining) technical terms and conditions language to
ensure proper construction of standby letters of credit, guarantees and
documentary letters of credit.
Preparation of internal transaction credit approval forms.
Reviewing transactions for Regulatory compliance, AML/Suspicious
Activities and Anti-boycott violations.
Interacting with various parties of letter of credit transactions
to resolve disputes, issuance construction, provide first and second level technical
Perform various administrative functions related to the
maintenance of letter of credit files.
in a timely manner of inquiries received from internal and external clients and
escalating any potential problems or seeking clarification as appropriate.
Ensure that all transactions are completed within the set
timeframes/deadlines established by TFO management.
current on Trade Finance Guidelines and Regulatory/Legal requirements by
reference to related publications if available, active participation in
designated in house or external training, and on the job training.
Ad-Hoc tasks as directed by Team Leader / Management
Minimum Required Qualifications
10 years Standby Letter of credit technical Letter of Credit experience with
knowledge of Uniform Customs and Practices for Documentary Credits (UCP 600),
International Standby Practices (ISP98), and familiarity with Uniform
Commercial Code Article 5
Excellent understanding of technical letter of credit terms and
conditions for drafting of standby/documentary credits.
Working knowledge of AML, OFAC and U.S. Anti-boycott regulations
Strong Microsoft Office Suite skills
- Standby and
Documentary Letter of credit technical experience (10 years plus) superior
knowledge of Uniform Customs and Practices for Documentary Credits (UCP 600), International
Standby Practices (ISP98), and familiarity with Uniform Commercial Code
- Knowledge of processing Demand
Guarantees and URDG 758
Exposure to an automated letter of credit processing environment
Excellent organizational skills
Excellent written and oral communications skills
Good understanding of AML and OFAC Compliance regulations
Good understanding of Letter of credit contingent and fee accounting
FINRA Registrations Required: Not Applicable
BNP Paribas is
committed to providing a work environment that fosters diversity, inclusion,
and equal employment opportunity without regard to race, color, gender, age,
creed, sex, religion, national origin, disability (physical or mental), marital
status, citizenship, ancestry, sexual orientation, gender identity and gender
expression, or any other legally protected status.
Primary Location: US-NJ-Jersey CityJob Type: Standard / PermanentJob: MISCELLANEOUSEducation Level: Bachelor Degree or equivalent (>= 3 years)Experience Level: At least 10 yearsSchedule: Full-time