Trade Finance Standby Letter of Credit Specialist

Are you a highly skilled and experienced professional in the world of trade finance? Are you looking for a new and exciting opportunity to showcase your expertise and make a significant impact in a global financial institution? If so, UBS has the perfect role for you as a Trade Finance Standby Letter of Credit Specialist. In this dynamic and fast-paced role, you will be responsible for managing all aspects of standby letter of credit transactions, ensuring compliance with regulations and mitigating risk for our clients. To excel in this position, you must have a deep understanding of trade finance instruments, exceptional attention to detail, and the ability to thrive in a collaborative team environment. Join us at UBS and take the next step in your trade finance career.

1. Manage all aspects of standby letter of credit (SBLC) transactions, including issuance, amendments, and cancellations.
2. Ensure compliance with all relevant regulations and internal policies.
3. Conduct thorough risk assessments and implement risk mitigation strategies for each SBLC transaction.
4. Develop and maintain strong relationships with clients, providing expert guidance and support throughout the SBLC process.
5. Collaborate with cross-functional teams, such as legal, compliance, and operations, to ensure smooth and efficient processing of SBLC transactions.
6. Stay up-to-date on industry trends and changes in regulations related to trade finance and SBLCs.
7. Review and analyze SBLC documentation to ensure accuracy and completeness.
8. Work closely with internal and external parties to resolve any issues or discrepancies related to SBLC transactions.
9. Develop and implement process improvements to enhance efficiency and accuracy in SBLC processing.
10. Train and mentor junior team members on trade finance and SBLC processes and procedures.
11. Provide timely and accurate reporting to management on the status of SBLC transactions.
12. Collaborate with sales teams to identify new business opportunities and provide expertise on SBLCs to potential clients.
13. Maintain a high level of professionalism and confidentiality in all interactions with clients and colleagues.

According to JobzMall, the average salary range for a Trade Finance Standby Letter of Credit Specialist in New York, NY, USA is $80,000 - $120,000 per year. This may vary depending on the specific company, experience level, and other factors.

UBS is a global firm providing financial services in over 50 countries. The company provides wealth management, asset management, and investment banking services for private, corporate, and institutional clients worldwide.