Assistant Vice President, Trade Finance Operations, Australia

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Position Description:

The Trade Operations team as part of the Australian Global Operations team, the role is responsible for critical administrative tasks supporting client’s trade financing requirements, partnering with clients, bankers, and key Global Operations teammates across APAC.

What you will do:

• Timely execution of client transactions related to the following: Commercial and Standby Letters of Credit, Bank Guarantees, Trade Loans, Risk Participation Loans, Syndicated Facilities, and Supply Chain Financing.
• Act as Trade service SME to clients, sales, bankers, Product teams and processing center.
• Investigate and resolve complex trade related enquiries and discuss any discrepancies in export/import LC documents with the clients.
• Ongoing client service related to all Trade Products supported by the bank.
• Review Guarantee and Standby Formats for compliance with bank policies and legal requirements. Oversight of transactions completed by the processing team to ensure transactions and fees are accurately captured.
• Regular liaison with internal departments to ensure documentation & processes are aligned with regulatory requirements.
• Maintain & update client Profiles for internal processing.
• Respond to Audit (internal and external) requirements and inquiries.

Your background:

• 5+ years’ working experience in Trade Finance Operations with broad knowledge of Commercial and Standby Letters of Credit, Bank Guarantees, Trade Loans, Risk Participation Loans, Syndicated Facilities, and Supply Chain Financing.
• Good understanding of UCP600, ISBP, URC 522, URDG 758, and their application.
• Strong interpersonal and problem-solving skills and teamwork skills.
• Ability to plan and prioritize the daily activities and effective management of time.
• Work cohesively with all associates, stakeholders and actively promote an excellent team environment.
• Client focused and results focussed with a high level of customer service.
• Innovative and open minded with great communication and stakeholder engagement skills.
• Self-motivated, accountable, attention to detail with good organisational and time management skills to manage multiple completing deadlines.