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Associate Trade Finance Operations

Sydney, , Australia

Job Description:

About Bank of America:

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.                

Connecting Asia Pacific to the World

Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Bank of America is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our

Diversity and Inclusion mission.

Bank of America is an equal opportunities employer.

Position Description

Working within the Trade Operations team as part of the Australian Fulfillment, Service and Operations organisation, the role is responsible for critical administrative tasks supporting client’s trade financing requirements, including;

  • Timely execution of client transactions including Commercial and Standby letters of credit, bank guarantees, trade loans and supply chain financing
  • Ongoing client service for the bank’s trade financing customers
  • Regular liaison with internal departments to ensure documentation & processes are aligned with regulatory requirements
  • Regular information reconciliation and reporting

Key Responsibilities

  • Processing and coordinating execution of daily trade financing transactions.
  • Review Standby Letter of Credit and Bank Guarantee Language and liaise with various stakeholders.
  • Monitoring of commercials associated with the transactions (fees due from clients, etc)
  • Extensive liaison with Credit officers / Sales and Product officers, internal control and processing teams (local and regional)
  • Maintaining & updating client Profiles for internal processing
  • Respond to all trade related internal / external enquiries
  • Investigate and resolve all kinds of trade related enquiries
  • Review documents against approved policies to ensure compliance
  • Work closely with local and regional management
  • Reporting, reconciliation at various intervals and respond to Audit (internal and external)

Key Requirements

  • Knowledge of trade finance and related international rules and regulations
  • Strong interpersonal and problem solving skills.
  • Strong written, communication and telephone skills.
  • Ability to work in high pressure environment and meet tight deadlines.
  • Excellent PC skills (MS Office).
  • Good time management skills.
  • Ability to demonstrate strong customer service focus and high motivation.
  • Ability to work under pressure and meet deadlines.
  • Flexibility with hours.
  • Self-starter and takes personal ownership of work
  • Attention to detail.

Preferred Background

  • 1 to 3 years Trade Finance related experience in a domestic or international bank.
  • Exposure to working in a team environment while collaborating with multiples teams.

Job Band:

H6

Shift: 

Hours Per Week:

38

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

About Bank of America:

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.                

Connecting Asia Pacific to the World

Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Bank of America is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our

Diversity and Inclusion mission.

Bank of America is an equal opportunities employer.

Position Description

Working within the Trade Operations team as part of the Australian Fulfillment, Service and Operations organisation, the role is responsible for critical administrative tasks supporting client’s trade financing requirements, including;

  • Timely execution of client transactions including Commercial and Standby letters of credit, bank guarantees, trade loans and supply chain financing
  • Ongoing client service for the bank’s trade financing customers
  • Regular liaison with internal departments to ensure documentation & processes are aligned with regulatory requirements
  • Regular information reconciliation and reporting

Key Responsibilities

  • Processing and coordinating execution of daily trade financing transactions.
  • Review Standby Letter of Credit and Bank Guarantee Language and liaise with various stakeholders.
  • Monitoring of commercials associated with the transactions (fees due from clients, etc)
  • Extensive liaison with Credit officers / Sales and Product officers, internal control and processing teams (local and regional)
  • Maintaining & updating client Profiles for internal processing
  • Respond to all trade related internal / external enquiries
  • Investigate and resolve all kinds of trade related enquiries
  • Review documents against approved policies to ensure compliance
  • Work closely with local and regional management
  • Reporting, reconciliation at various intervals and respond to Audit (internal and external)

Key Requirements

  • Knowledge of trade finance and related international rules and regulations
  • Strong interpersonal and problem solving skills.
  • Strong written, communication and telephone skills.
  • Ability to work in high pressure environment and meet tight deadlines.
  • Excellent PC skills (MS Office).
  • Good time management skills.
  • Ability to demonstrate strong customer service focus and high motivation.
  • Ability to work under pressure and meet deadlines.
  • Flexibility with hours.
  • Self-starter and takes personal ownership of work
  • Attention to detail.

Preferred Background

  • 1 to 3 years Trade Finance related experience in a domestic or international bank.
  • Exposure to working in a team environment while collaborating with multiples teams.

Learn more about this role

Full time

JR-22058865

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Matthew Whittall

Referral Bonus:

0

Street Address

Primary Location:
1 FARRER PLACE, Sydney, 2000