Standby Letter of Credit Processing Analyst
Standard / Permanent
FINANCE ACCOUNTS ET MANAGEMENT CONTROL
The Trade Finance Operations’ primary function is to process Trade Finance related productions and transactions of BNP PARIBAS corporate clients and other BNP PARIBAS branches in compliance with Federal and International Laws and conventions. The subject position will be responsible for ensuring the accurate and timely input and release of trade finance transactions as directed by the trade advisors working within the NAR region.
Transaction processing of all Standby letter of credit and Guarantee trade finance products offered by BNP Paribas within the operational model in place at any given time:
Issuance and maintenance of standby letters of credit
Advising/Confirming and maintenance of standby letters of credit
Calculating and tracking fees and commissions
Support team leader in the review and approval of input of standby and guarantee transactions processed within the team.
Perform specified compliance procedures related to processed transactions.
Resolution in a timely manner of inquiries received from internal clients. Includes escalating any potential problems or seeking clarification as appropriate.
Ensure that all transactions are completed within the set timeframes/deadlines established by TFO management.
Perform specified control procedures to ensure transactions are properly completed and reconciled.
Stay 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.
Perform various administration functions related to the maintenance of letter of credit files including scanning of filing into the specified archiving system.
Perform Ad-Hoc tasks as directed by Team Leader / Management
- Ability to accurately process a high volume of transactions in a variety of Bank systems, ability to review and approve same
- Detailed oriented and able to follow internal procedures as established by Management
- Ability to learn and work with a number of processing systems and manual processes
Working knowledge of AML, OFAC Compliance regulations
Microsoft Office Suite
Familiarity with bank accounting related to trade finance products