BNY

Safeguards and moves assets for investors

Senior Specialist - Cash Processing/Funds Transfer

Finance & BankingUpdated on Nov 4

Full-timePittsburgh, PA, USA$59k - $98kIn-person

About the Job

Requirements

Five to seven years of total work experience is preferred.
Five or more years of experience in trade finance, including letters of credit, document examination, guarantees, or standby letters of credit, is preferred.
Knowledge of UCP, URDG, and ISP guidelines is preferred.
Applicable local or regional licenses or certifications are required as applicable to the business.
Trade certifications such as CDCS or CSDG are an advantage.
Knowledge of sanctions, anti-money laundering, and boycott guidelines, and their relevance to trade finance, is highly desirable.
A bachelor's degree or an equivalent combination of education and experience is required.

Responsibilities

Ensure transactions and inquiries from high-priority clients are handled promptly and accurately.
Apply in-depth knowledge and expertise of service offerings, proactively assess complex transaction issues, and resolve them.
Assist the Product and Relationship teams with operational and transactional insights to manage client expectations.
Participate in team risk-review sessions to identify and mitigate inherent and residual process risks.
As a documentary credit specialist, support the team in crafting solutions and methods to resolve current issues and similar future issues.
Structure letters of credit and guarantees vetting in collaboration with clients, Legal, Product, Risk, and Compliance.
Contribute to workflow optimization and process improvement using best practices and technology.
Provide expert guidance on service offerings and resolve complex transaction issues.

In this role, you’ll make an impact in the following ways:

Ensure transactions and inquiries of High-priority clients are handled timely and accurately.
Applies in-depth knowledge and expertise on service offerings, proactive assessment and resolution of complex transaction issues.
Assist Product and Relationship team with Operational/ transactional insights to manage client expectations.
Participate in the risk review sessions conducted by the Team to identify mitigate inherent and residual risk of the processes.
As a documentary credit specialist, support the Team in crafting solutions and methods to resolve issues at hand and similar issues in the future.
Responsible for structuring LC & Guarantees vetting by collaborating with the Clients, Legal, Product, Risk & Compliance.
Contribute to workflow optimization and process improvement using best practices and technology.
Provides expert guidance on service offerings and resolves complex transaction issues.

To be successful in this role, we’re seeking the following:

5-7 years of total work experience is preferred.
- 5+ years in Trade Finance domain (LC, Document Examination, Guarantees/ Standby LC) preferred. Well versed with UCP, URDG and ISP guidelines are preferred. Applicable local / regional licenses or certifications as required by the business. Trade Certifications (example: CDCS, CSDG etc.) is added advantage.
A strong knowledge of Sanctions, Anti-Money Laundering (AML), and Boycott guidelines, as well as their relevance to Trade Finance, is highly desirable.
Bachelor’s degree or the equivalent combination of education and experience is required.

Base Salary Min: 59000

Base Salary Max: 98000

About the Company

BNY

Safeguards and moves assets for investors

BNY safeguards financial assets and runs investment services for institutions, investment firms and wealthy clients around the world. Its custody business keeps clients' securities safe and handles the records and transactions needed to administer investment funds. Banks and brokers use its systems to settle trades, manage collateral and send payments, while its investment and wealth businesses manage portfolios and advise clients. It earns servicing and management fees as well as interest on loans and securities funded by client deposits. BNY traces its roots to the Bank of New York, founded by Alexander Hamilton in 1784, and is headquartered in New York City.

Company size: 10,001+
Company stage: IPO
Headquarters: New York City, New York
Founded: 1784

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