What are the responsibilities and job description for the Jr Business Analyst - Trade Finance position at Software Guidance & Assistance?
Job Details
Software Guidance & Assistance, Inc., (SGA), is searching for a Junior Business Analyst (Trade Finance/LC) for a contract assignment with one of our premier Financial Services clients in Lower Manhattan, NYC .
Hybrid schedule: 2-3 days onsite, subject to change
Looking for someone who has worked on the Compliance section of trade finance (quick processor in the systems)
Story Behind the Need:
Preferred Skills:
SGA is a technology and resource solutions provider driven to stand out. We are a women-owned business. Our mission: to solve big IT problems with a more personal, boutique approach. Each year, we match consultants like you to more than 1,000 engagements. When we say let's work better together, we mean it. You'll join a diverse team built on these core values: customer service, employee development, and quality and integrity in everything we do. Be yourself, love what you do and find your passion at work. Please find us at .
SGA is an Equal Opportunity Employer and does not discriminate on the basis of Race, Color, Sex, Sexual Orientation, Gender Identity, Religion, National Origin, Disability, Veteran Status, Age, Marital Status, Pregnancy, Genetic Information, or Other Legally Protected Status. We are committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, and our services, programs, and activities. Please visit our company to request an accommodation or assistance regarding our policy.
Hybrid schedule: 2-3 days onsite, subject to change
Looking for someone who has worked on the Compliance section of trade finance (quick processor in the systems)
Story Behind the Need:
- Business group: GWO Lending Services New York
- Project: The incumbent will be responsible for processing transactions related to Standby Letters of Credit in Trade Services Center NYA, handling all processes/activities related to such transactions and ensuring compliance with U.S. laws/regulations, Bank's procedures/policies and international trade practices.
- Reason for request: Backfill, analyst in Trade Service Operations.
- 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, ACBS, 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 drafting requests from clients, and Sales/Execution teams, ensuring that language is in accordance with 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 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 contributes to an inclusive work environment.
- 1-2 years banking experience in Trade Finance operations.
- 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.
- Bachelor's degree in business/accounting preferred.
SGA is a technology and resource solutions provider driven to stand out. We are a women-owned business. Our mission: to solve big IT problems with a more personal, boutique approach. Each year, we match consultants like you to more than 1,000 engagements. When we say let's work better together, we mean it. You'll join a diverse team built on these core values: customer service, employee development, and quality and integrity in everything we do. Be yourself, love what you do and find your passion at work. Please find us at .
SGA is an Equal Opportunity Employer and does not discriminate on the basis of Race, Color, Sex, Sexual Orientation, Gender Identity, Religion, National Origin, Disability, Veteran Status, Age, Marital Status, Pregnancy, Genetic Information, or Other Legally Protected Status. We are committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, and our services, programs, and activities. Please visit our company to request an accommodation or assistance regarding our policy.
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