CB IB Operations & Controls – Trade Finance Operations - NCT

at  Deutsche Bank

DETAILS OF THE DIVISION AND TEAM:

Job Description

The Trade Finance Operations Analyst is accountable for the processing of requests and documents, received by the bank under a Letter of Credit or Documentary Collection or Guarantee/Standby Letter of Credit. They may process requests and documents such as:

• Letters of Credit: Issuance of Import Letters of Credit, Advising of Export Letters of Credit, Booking and Settlement of Export and Import bills under Letters of Credit
• Documentary Collections: Verification of Collection documents, Booking and Settlement of Collection Export and Import Bills.
• Guarantee or Standby Letters of Credit (SBLC) Expert: Vetting of Guarantee/ Standby Letter of Credit Text, Issuance, Advising, Scrutiny and Book-Off of Guarantees or Standby Letter of Credit.

This involves understanding the customers’/banks’ instructions relating to the Letter of Credit or Documentary Collection or Guarantee/Standby Letter of Credit and capturing the data from the documents into the trade finance processing platform.

YOUR SKILLS AND EXPERIENCE:

• Strong Bank Guarantee / Standby Letter of Credit processing and Trade Finance knowledge with minimum 3 years Trade Operations & Services experience.
• Basic analytical skills, flexible regarding production problem solving.
• Good verbal and written communication skills in English.
• Ability to work in virtual teams and in a matrix organization.
• Good knowledge of the Trade Finance International practices, local regulations.
• Open minded, able to share information, transfer knowledge and expertise to team members.

ABOUT US AND OUR TEAMS:

Deutsche Bank is the leading German bank with strong European roots and a global network. click here to see what we do.

YOUR KEY RESPONSIBILITIES:

• Responsible for ensuring accurate processing of transactions (including performing all relevant controls) within own area of responsibility.
• Responsible for the mitigation of Operational and Regulatory risks observed during the verification or processing of Letters of Credit or Documentary Collections or Guarantees/ Standby Letter of Credit (SBLCs) and related documents, by providing control measures.
• Handling all end-to-end import, export letter of credit/collection and Bank Guarantee including new, amend, settle.
• Handling customers’ inquiries related import, export letter of credit/collection and Bank Guarantee transactions.
• Responsible for regulatory reporting.
• Ensures the escalation of operational, regulatory, and other risks to line manager and functional leads as appropriate; contributes to the development and implementation of mitigation or control solutions.
• The Trade Finance Operations Analyst also manages internal stakeholders by adhering to agreed Service Level Agreements (SLAs) and manages customer requirements.

The Trade Finance Operations Analyst is accountable for the processing of requests and documents, received by the bank under a Letter of Credit or Documentary Collection or Guarantee/Standby Letter of Credit. They may process requests and documents such as:

• Letters of Credit: Issuance of Import Letters of Credit, Advising of Export Letters of Credit, Booking and Settlement of Export and Import bills under Letters of Credit
• Documentary Collections: Verification of Collection documents, Booking and Settlement of Collection Export and Import Bills.
• Guarantee or Standby Letters of Credit (SBLC) Expert: Vetting of Guarantee/ Standby Letter of Credit Text, Issuance, Advising, Scrutiny and Book-Off of Guarantees or Standby Letter of Credit