What are the responsibilities and job description for the Global Trade Foreign Exchange Operations Specialist position at U.S. Bank National Association?
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.
Job Description
We are currently seeking to fill multiple levels of a Global Trade Operations Specialist for our International Administrative Operational team. In this role you will be working under minimal supervision, heavily examines, evaluates, and releases payments for the most complex international banking products such as Commercial or Standby Letters of Credit.
Key Responsibilities:
Is entrusted with highest level payment authority.
Provides product expertise as an advisor to both internal and external clients and their agents.
Troubleshoots and resolves a wide range of complex problems in creative ways.
Makes decisions, sometimes with incomplete information.
Leads as a subject matter expert for all business line functions or product, including audits, and may act as liaison between stakeholders, and provides updates on important projects that may improve existing controls, streamline processes, and increase efficiency.
Acts as a workflow coordinator and may provide work direction and/or train staff and has authority to approve, release and settle high level transactions/trades within aligned oversight.
Works with high touch clients and sales staff to provide solutions to complex issues that are escalated.
Applies expert knowledge of rules governing transactions.
This individual contributor is advanced in all business line functions showing a higher level of autonomy having grasped all department tasks.
Provides some assistance to less experienced staff in settling, investing trades, or processing letters of credit.
Advanced problem solving, client servicing, and verbal and written communication skills. Involved in quality assurance, process analysis and efficiency reviews, project support, assurance testing, and escalation management to recommend improvements and drive implementation.
Basic Qualifications
High school diploma or equivalent
Five or more years of relevant work experience
Preferred Skills/Experience
Thorough understanding of international trade practices and regulations governed by UCP/eUCP/ ISBP/URR/ ICC/Incoterms and other guidance documents or laws as applicable to safeguard both buyers, sellers’ and interests of the bank.
Advanced knowledge of specific international banking products, payment services, foreign exchange and general bank operating policies and procedures
Strong problem-solving and client servicing skills
Ability to identify and resolve/escalate complex problems with minimal guidance
Effective verbal and written communication skills
Proficient computer navigation skills using a variety of software packages including Microsoft Office applications
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.
Benefits:
Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $30.29 - $40.38 - $44.42U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Salary : $30 - $40