Trade Finance Specialist
5 days ago
TRADE FINANCE SPECIALIST (JOB NUMBER: OPS-100222-001-AB)
At BNP Paribas Canada, it is our employees which make the difference... Our 75 nationalities are part of our diversity
Do you like challenges, a structured framework, the prospect of optimizing and innovating? You are known for your originality and want a certain freedom to think while sharing your knowledge and ideas?
**... Come help us contribute to the growth of our Canadian platform**
You will benefit amongst other things from:
- Access to social volunteer and recreational programs, via our many Employee Resource Groups (ERGs)
- Opportunities for career development through active internal mobility and our innovative training program: Canada Academy
- A brand new workspace, flexible, comfortable and easily adaptable to your needs: remote work opportunities, standing desks, innovation lab., open meeting rooms and spaces
**MISSION AND OBJECTIVES**
- To keep current on Trade Finance Guidelines and Regulatory/Legal requirements by reference to related publications if available, active participation in designated in house or external training, and by on the job training. Ensure compliance with same by thorough check of own work.
- Wherever practicable, add value to the department by sharing your technical experience and knowledge with others.
- Utilize the various tools at your disposal to ensure assigned work is processed and completed within approved timeframes. Ensure management is kept updated on any potential problems relating to meeting deadlines, issues and or concerns.
- To acknowledge and if possible resolve in a timely manner any inquiries received from internal and external clients. Escalate potential problems or seek clarification as appropriate.
- Be aware of, and adhere to, all internal / external deadlines paying particular attention to notifications required by internal clients.
- Perform Ad-Hoc tasks as directed by team leader/managers.
**RESPONSIBILITIES**
- Responsible for the review, vetting, drafting and processing of Standby Letters of Credit [SBLC] / Guarantee language (including Bid/Performance Bonds and Letters of Indemnity), and Import & Export Documentary credits and collections, and as appropriate, discussion with internal / external counsel and Trade Finance Advisor.
- Other responsibilities related to letter of credit processing include the issuance, advising/confirming, amendment, examination of documents, payments, SBLC automatic reductions (Evergreen) auto-extend, fee/expense processing (including billing and collection), billing of lading processing, unfunded risk participations, and preparation of general ledger batch files and general ledger reconciliations.
- Routine inquiries should be addressed and where possible resolved, in a timely manner.
- Be aware of and comply with all internal procedures and external regulatory/legal regulations or guidelines.
**REQUIREMENTS**
**Technical competencies**
- Technical LC experience (3-5 years) - knowledge of Uniform Customs and Practices for Documentary Credits (UCP 600), International Standby Practices (ISP98) including Uniform Commercial Code article 5 and ICC uniform Rules for Demand Guarantees (URDG 758)
- Working knowledge of AML, OFAC Compliance regulations
- Familiarity with bank accounting systems a plus
- Fluent in English language skills, Spanish language skills a plus
- Experience with the Energy & Commodities business a plus
- Microsoft Office with an emphasis on Word and Excel
- System orientated
- Bachelors Degree preferably with a Commerce stream
**General competencies**
- Attention to Detail - quality and consistency
- Customer Service oriented (internal and external)
- Ability to maintain quality of service in a fast paced production flow (2-hour turnaround).
- Negotiating ability (internal and external)
- Problem solving/Analytical ability
- Maintain consistency of performance and compliance to operational procedures and management reporting guidelines.
- Ability to work flexible and or extended hours when necessary that includes weekends and bank holidays
**About BNP Paribas**
With more than 200,000 employees in 72 countries, the Group serves nearly 32 million individual customers and 850,000 professionals, entrepreneurs, SMEs and large companies. BNP Paribas is a leading bank in the euro zone and a leading international banking player.
Did you know? In 2019, BNP Paribas named World’s Best Bank for Corporate Responsibility 2019
**About BNP Paribas in Canada**
With more than 900 employees, BNP Paribas Canada continues to attract experts from diverse fields as well as ambitious young talent from around the world. We are proud to offer our employees a rewarding and international workplace where they can build their professional careers by honing their skills, meeting challenges and enriching their knowledge of the financial industry.
**A recruitment policy that promotes equality and diversity**:
BNP Paribas is an equal opportunity employer.
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