Trade Finance Specialist
Trade Finance Specialist
Posted on :
29-07-2025
Employer Active
1 Vacancy
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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.
Employment Type
Full-time
Key Skills
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