Global Credit Ops- Trade Finance Services Specialist II

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

Performs a variety of technical and analytical functions related to trade financing and servicing. Responsibilities include researching, analyzing, and resolving trade documents that require specialized, sensitive, and/or exception handling; evaluating acceptances, issuances, amendments, and negotiations for import/export, standby and government letters of credit and bankers acceptances; reviewing, analyzing and negotiating letters of credit documents; issuing commercial and stand-by letters of credit, amendments, transfers and requests to pay; approving payments, collections and reimbursements. Works under established operating procedures and precedents. Requires a full working knowledge of trade finance operations and documentation.

Line of Business Description: The role is part of the Global Credit Operations. Responsible for the fulfillment, servicing and protection of credit offerings for business banking, Global Wealth & Investment Management (GWIM), commercial and corporate clients as well as leasing and trade products. The position will work under established operating procedures and precedents.

Responsibilities:

Processes transactions related to various Trade Finance products and performs support and servicing functions, such as problem resolution and exception handling for clients and business partners

Communicates complex data and information clearly and effectively to clients and business partners

Performs a variety of technical and analytical functions related to trade financing and servicing including researching, analyzing, auditing, tracing, and resolving Trade Finance documents that require specialized, sensitive, or exception handling

Manages risk by ensuring transactions are handled efficiently and proactively, identifying and escalating potential risks

Develops capabilities and competencies through self-study or participation in trainings on system enhancements

Evaluates issuances, amendments, and negotiations for export letter of credit payment requests

Provides client servicing for both Export Letter of Credit clients

Provides client servicing and operational support for extended processing teams/sites

Prepares and reconciling daily and monthly reports; accurate capturing of production volumes.

Works under established operating procedures and precedents.

Minimum Qualifications:

Minimum 1 year of financial services/ financial products experience

Demonstrated excellent communication both written and oral

Must have prior/current Client servicing experiencing

Proficient with Microsoft Suite; Word, Excel , and PowerPoint

Ability to work in a team environment as well as independently with little supervision

Proficient active listening skills

Desired Skills and Experience

Trade finance experience

Experience with letters of credit and familiarity with UCP 600

Knowledge of trade finance operations and documentation highly desired.

Skills:

Attention to Detail

Customer and Client Focus

Adaptability

Collaboration

Prioritization

Recording/Organizing Information

Analytical Thinking

Oral Communications

Problem Solving

Research

Shift:

1st shift (United States of America)

Hours Per Week:

40