MUFG
Trade Finance Ops - Commercial LC Analyst
MUFG, Tampa, Florida, us, 33646
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.
Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.
The incumbent is responsible for manning
Commercial LC Doc Exams-Discount/Financing Desk
and processing transactions related to Commercial Letters of Credit in Trade 360 System, which includes: (a)Examination of Documents presented under Commercial LCs; (b)Handling of Discounting and Financing of Bills; (c) Workflow Management; (d) Reporting and Invoicing; (e) Special Projects and UAT testing; (f)Quality Control and Customer Service; (g) US compliance regulation checks/screening/data entry; and (h) acceptances/payments, Reimbursement claims.
To assist the Section in achieving its planned objectives, the incumbent is assigned to the following Functions: (1)/Doc Examinations (2) Transaction Processing, (3) Transaction Control, and (4) Investigation. (5)Payments
Essential Functions
Commercial LC Document Examination
: Examine and review of documents received under LCs- both Import and Export LCs. Ascertain conformity to LC and UCP600 and ISBP. Route documents to appropriate queues in T360 processing system for processing. Prepare cover letters and courier labels to out- going shipping document.
Transaction Control/Work Flow Management
: Contact the customers, obtaining the necessary instruction for pending discrepant documents. Provide the supervisor or account officers with the status of long pending items. Assist in assigning work to staff members, setting priorities, time limits and critical task objectives.
Perform compliance checks/screening
for OFAC, EAR, Anti-boycott, BSA AML and JFEL (Japanese Foreign Exchange Laws)/FEFTA /Red flags/vessels/shipping lines/ports/country violations relating to trade finance documents/claims/transactions.
Transaction Processing in Trade 360 System
: Prepare Swift messages to issuing or negotiation bank; (a) requesting a waiver for discrepancies, or (b) notifying status of discrepant documents. Or (c) Reimbursement claim processing/ investigations. Perform required follow-up activities; ensuring identified issues are resolved within prescribed timeframes. Prepare cover letters for the documents as required.
Investigation
: Respond to inquiries received from customers/Relationship Managers and issuing/negotiating banks regarding pending documents/transactions. Ensure timely responses and follow-ups are done.
Experience/Abilities
:
5-7 years of experience in Trade Finance related products in a banking environment with ability to work independently and work with a team, customers and relationship managers on technical and operational matters. Sound knowledge of UCP600 and ISBP. Strong inter-personal skills, verbal and written communication skills and ability to work in an automated system environment are required. Computer skills in MS Excel, Word, Power Point and general computer systems usage is a plus.
Education
College Degree. Certificate or courses or any specialized training/exposure in International Trade, Trade and Commodity Financing is also a plus.
The typical base pay range for this role is between $61K to $78K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.
MUFG Benefits Summary (https://careers.mufgamericas.com/sites/default/files/document/2023-01/mb-live-well-work-well.pdf)
We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.
At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!
Our Culture Principles
Client Centric
People Focused
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.
Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.
The incumbent is responsible for manning
Commercial LC Doc Exams-Discount/Financing Desk
and processing transactions related to Commercial Letters of Credit in Trade 360 System, which includes: (a)Examination of Documents presented under Commercial LCs; (b)Handling of Discounting and Financing of Bills; (c) Workflow Management; (d) Reporting and Invoicing; (e) Special Projects and UAT testing; (f)Quality Control and Customer Service; (g) US compliance regulation checks/screening/data entry; and (h) acceptances/payments, Reimbursement claims.
To assist the Section in achieving its planned objectives, the incumbent is assigned to the following Functions: (1)/Doc Examinations (2) Transaction Processing, (3) Transaction Control, and (4) Investigation. (5)Payments
Essential Functions
Commercial LC Document Examination
: Examine and review of documents received under LCs- both Import and Export LCs. Ascertain conformity to LC and UCP600 and ISBP. Route documents to appropriate queues in T360 processing system for processing. Prepare cover letters and courier labels to out- going shipping document.
Transaction Control/Work Flow Management
: Contact the customers, obtaining the necessary instruction for pending discrepant documents. Provide the supervisor or account officers with the status of long pending items. Assist in assigning work to staff members, setting priorities, time limits and critical task objectives.
Perform compliance checks/screening
for OFAC, EAR, Anti-boycott, BSA AML and JFEL (Japanese Foreign Exchange Laws)/FEFTA /Red flags/vessels/shipping lines/ports/country violations relating to trade finance documents/claims/transactions.
Transaction Processing in Trade 360 System
: Prepare Swift messages to issuing or negotiation bank; (a) requesting a waiver for discrepancies, or (b) notifying status of discrepant documents. Or (c) Reimbursement claim processing/ investigations. Perform required follow-up activities; ensuring identified issues are resolved within prescribed timeframes. Prepare cover letters for the documents as required.
Investigation
: Respond to inquiries received from customers/Relationship Managers and issuing/negotiating banks regarding pending documents/transactions. Ensure timely responses and follow-ups are done.
Experience/Abilities
:
5-7 years of experience in Trade Finance related products in a banking environment with ability to work independently and work with a team, customers and relationship managers on technical and operational matters. Sound knowledge of UCP600 and ISBP. Strong inter-personal skills, verbal and written communication skills and ability to work in an automated system environment are required. Computer skills in MS Excel, Word, Power Point and general computer systems usage is a plus.
Education
College Degree. Certificate or courses or any specialized training/exposure in International Trade, Trade and Commodity Financing is also a plus.
The typical base pay range for this role is between $61K to $78K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.
MUFG Benefits Summary (https://careers.mufgamericas.com/sites/default/files/document/2023-01/mb-live-well-work-well.pdf)
We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.
At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!
Our Culture Principles
Client Centric
People Focused
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute