MUFG US | Trade Finance Servicing, Analyst

Responsibilities

• (9) Key System Liaison and responsible for all T-360 System related issues/UAT and interface related to OVS and Hotscan Systems.
• This role may also be eligible for certain discretionary performance-based bonuses and/or incentive compensation.
• 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.
• Responsible for customized BO reports and System related investigations including GL breaks. (10).
• Monitor WIP/Suspense and AR accounts and Report to Management on overdue and unusual entries/differences and coordinate with respective Unit Managers in quick resolution.
• Respond to Audit and Comptrollers inquiries and investigations. (11) Liaison responsibilities for SOX certifications, procedures and audits.
• Workflow Management: Monitor the daily operations of the Standby L/C Section and workflow supervision.
• Ensure output satisfies corresponding process requirements and priorities.
• Reconcile and account for all incoming items/work and ‘processed output’ in accordance with established procedures and controls.
• Maintain and oversee overdue and/or delinquent transactions, section’s output reports, pending items, records and files.
• Responsible for accurate LC liability and commission postings Provide timely support to new business initiatives of front offices particularly, commodity financing deals and ACB customers.
• Coordinate and ensure all Fronting LCs and Commodity Financing LCs are executed properly and promptly.
• Verification: Review L/C and Amendment Queues in Trade 360 System and ensuring that all L/C’s are issued and amendments are processed and releases as requested.
• Verify and release L/Cs, amendments, drawings, payments, LC fee, bills and sign negotiable instruments in timely manner in accordance with the authorization limits established by the Executive Management.
• Ensure all default, principal and interest draws are in compliance with the LC terms and conditions and comply with the internal procedures and compliance requirements.
• Respond to inquiries received from customers, front/middle offices, internal auditors and correspondent banks, providing the accurate and timely information in resolution of such queries.
• Update procedures as and when changes to workflow process, system enhancements and internal controls are affected.
• Conduct quality control meetings to enhance customer service and customer first initiative.
• Timely reporting to Management on staff performance issues, productivity and incidents.
• Compliance: Enforce bank’s compliance policies and procedures.
• Ensure implementation of all compliance regulations including OFAC/BSA/AML/JFEL//Anti-boycott regulations in the Section’s operations.
• Ensure the Staff receives proper training. in all regulatory and bank compliance issues.
• Identify discrepancies and/or inefficiencies in customer support efforts and ensure that they are corrected, documented and implemented Assist the Manager (or the Management) in identifying risk areas and implement/monitor practices to reduce and/or prevent risk opportunities.
• Provide system training where required and ensure team is equipped with the necessary knowledge and skills...

Requirements

• Knowledge and experience in processing of SBLCs and billing/fee invoices required.
• Experience in SBLC draft reviews and technical support is a plus.
• Knowledge and experience of transaction processing in T-360 System, GPP, BESS and Hotscan Systems is a plus.
• Sound knowledge of UCP, ISP, URDG and ISBP. Experience and background in Commodity Financing and Project Finance is a plus.
• Ability to support and provide teamwork with focus on quality and prompt customer service.
• Strong interpersonal skills, verbal and written communication skills and ability to work in an automated system environment required.
• Bachelor's degree or a closely related discipline, or an equivalent combination of formal education and experience.
• The typical base pay range for this role is between $73K - $87K depending on job-related knowledge, skills, experience, and location.
• They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

MUFG US

MUFG US is an employer hiring in India.

Its finance, accounts, audit and tax openings in India are mostly in New York, Tampa, Los Angeles and Irving.