Business Analyst - Trade Finance Operations

Business Analyst - Trade Finance operations

Location: New York City, NY

Onsite Flexibility: Hybrid onsite 3x/week

Contract Details

• Position Type: Contract
• Contract Duration: 4 months (with possibility of extension)
• Pay Rate: $30.00 $35.00 / Hour (USD)
• Shift / Schedule: Monday Friday, 9:00 AM 5:00 PM; standard 37.5 hrs/week (possible overtime)
• Work Authorization: Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Job Summary

The incumbent will be responsible for processing transactions related to Standby Letters of Credit in Trade Services Center NYA, handling all processes and activities related to such transactions and ensuring compliance with U.S. laws/regulations, the Bank's procedures/policies, and international trade practices. The successful candidate must display initiative, be a highly customer service-oriented team member, flexible and committed to success of the team. This role offers the opportunity to work for a leading financial institution and build experience in trade finance.

Key Responsibilities

• Handle end-to-end processing of Standby Letter of Credit transactions, e.g., issuances, amendments, advises, confirmations, claims, examination of documents, payments, transfers, assignments of proceeds, billing, etc. in Trade360, BESS, LoanIQ, CorrRisk systems within authorized limits assigned.
• Ensure all activities and transactions are processed in accordance with the Bank's Standard Operation Procedures and Trade Finance Anti-Money Laundering/Anti-Terrorist Financing and Sanctions Pre-Transaction Due Diligence Procedures as well as U.S. laws/regulations, OFAC, Anti-Boycott, other compliance regulations and international trade practices.
• Ensure transactions are executed in a timely and accurate manner, in adherence with established Service Level Agreements.
• Prepare and review Standby Letters of Credit drafts to respond to drafting requests from clients, and Sales/Execution teams, ensuring that language is in accordance with the Bank's procedures, international standby and industrial practices as well as compliance and legal requirements.
• Respond promptly and effectively to requests, concerns and complaints from customers, other TSCs, the TSU and Sales/Execution teams in order to propose workable solutions.
• Handle daily and monthly reconciliations between certain systems and resolve discrepancies in a timely manner.
• Handle billing process of GWO LoanOps for out-of-pocket expenses related to SBLC transactions of corporate clients.
• Handle investigations to respond to inquiries from clients, Sales/Execution and GWO LoanOps teams, etc.
• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Champion a high-performance environment and contribute to an inclusive work environment.

Required Skills

• High level of attention to detail and ability to prioritize tasks
• Strong written and verbal communication skills
• Good interpersonal skills with ability to work in a team
• Ability to remain calm and effective during high-pressure situations
• Knowledge of International Banking and Trade Finance operations
• Working knowledge of ISP98, UCP600/ISBP
• Excellent skills in Word, Excel, Adobe Acrobat, etc.
• Experience with SWIFT messages related to Trade Finance transactions

Preferred Skills

• Working knowledge in the T360, BESS, LoanIQ, CorrRisk, TLM, GTX systems is a plus
• CDCS is a plus

Education Requirements

• Bachelor's degree in business/accounting (preferred)

Required Experience

• Minimum 2 years of banking experience in Trade Finance operations

Important Notes

• Interview process: 1 2 rounds; first round is a panel interview with 3 directors and senior managers, 30 minutes via MS Teams Video (situational/behavioral format).

About GTT

GTT is a minority-owned staffing firm and a subsidiary of Chenega Corporation, a Native American-owned company in Alaska. We highly value diverse and inclusive workplaces and support Fortune 500 organizations across banking, financial services, technology, life sciences, biotech, utilities, and retail sectors throughout the U.S. and Canada.

Job Number: 26-09325 Industry: Operations & Management

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