Job Description

Overview:

TekWissen is a global workforce management provider headquartered in Ann Arbor, Michigan that offers strategic talent solutions to our clients world-wide. Our client is a company who is a provider of banking and financial services. The company operates through two divisions, Retail Banking and Services, and Corporate and Institutional Banking

Position: Trade Finance Specialist

Location: Montr al QC H3A 2A6

Duration: 6 Months

Job Type: Contract

Work Type: Onsite

Shift: 8.00AM-5.00PM

Job Description:

ROLES and RESPONSIBILITY

• Responsible for the review, vetting, drafting and processing of Standby Letters of Credit [SBLC] / Guarantee language (including Bid/Performance Bonds and Letters of Indemnity), and Import & Export Documentary credits and collections, and as appropriate, discussion with internal / external counsel and Trade Finance Advisor.

• Other responsibilities related to letter of credit processing include the issuance, advising/confirming, amendment, examination of documents, payments, SBLC automatic reductions (Evergreen) auto-extend, fee/expense processing (including billing and collection), billing of lading processing, unfunded risk participations, and preparation of general ledger batch files and general ledger reconciliations.

• Routine inquiries should be addressed and where possible resolved, in a timely manner.

• Be aware of and comply with all internal procedures and external regulatory/legal regulations or guidelines.

MISSION

• To keep 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 by on the job training.

• Ensure compliance with same by thorough check of own work.

• Wherever practicable, add value to the department by sharing your technical experience and knowledge with others.

• Utilize the various tools at your disposal to ensure assigned work is processed and completed within approved timeframes.

• Ensure management is kept updated on any potential problems relating to meeting deadlines, issues and or concerns.

• To acknowledge and if possible resolve in a timely manner any inquiries received from internal and external clients. Escalate potential problems or seek clarification as appropriate.

• Be aware of, and adhere to, all internal / external deadlines paying particular attention to notifications required by internal clients.

• Perform Ad-Hoc tasks as directed by team leader/managers.

SKILL SET REQUIRED COMPETENCIES

Technical competencies

• Technical LC experience (3-5 years) - knowledge of Uniform Customs and Practices for Documentary Credits (UCP 600), International Standby Practices (ISP98) including Uniform Commercial Code article 5 and ICC uniform Rules for Demand Guarantees (URDG 758)

• Working knowledge of AML, OFAC Compliance regulations

• Familiarity with bank accounting systems a plus

• Fluent in English language skills, Spanish language skills a plus

• Experience with the Energy & Commodities business a plus

• Microsoft Office with an emphasis on Word and Excel

• System orientated

• Bachelors Degree preferably with a Commerce stream

General competencies

• Attention to Detail - quality and consistency

• Customer Service oriented (internal and external)

• Ability to maintain quality of service in a fast paced production flow (2-hour turnaround).

• Negotiating ability (internal and external)

• Problem solving/Analytical ability

• Maintain consistency of performance and compliance to operational procedures and management reporting guidelines.

• Ability to work flexible and or extended hours when necessary that includes weekends and bank holidays

TekWissen Group is an equal opportunity employer supporting workforce diversity.

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