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BNY

Safeguards and moves assets for investors

Vice President - Cash Processing/Funds Transfer Manager

Finance & BankingConfirmed live in the last 24 hours
Full-time$69k - $149kIn-person

About the Job

Requirements

  • A bachelor's degree in Finance, Business Administration, or a related field is required.
  • Typically, 4–7 years of experience is required.
  • Experience with Letters of Credit, Document Examination, Standby Letters of Credit, and guarantees is required, including familiarity with UCP, URDG, and ISP guidelines.
  • Applicable local or regional licenses or certifications are required as determined by the business.

Responsibilities

  • Lead multiple Trade Finance Operations teams supporting clients from APAC, Frankfurt, and U.S. locations, providing quality support for transactions and processes.
  • Manage multiple transformation projects and work with various stakeholders simultaneously.
  • Streamline and optimize processes through workflow design and technology using best-practice approaches.
  • Apply in-depth knowledge of service offerings and proactively assess and resolve complex transaction issues.
  • Oversee multiple projects in parallel to help teams achieve business objectives.
  • Participate in the risk and control committee and mitigate inherent and residual process risks.
  • Assist Product and Relationship teams with client-based solutions and strategic business cases.
  • Design and provide technical training and create process guides and manuals.
  • Act as an escalation point for complex problems and guide less experienced staff in resolving them.
  • Develop solutions and methods to resolve current issues and prevent similar issues in the future.
  • Ensure teams are equipped to achieve team and organizational objectives.
  • Manage team human resources, including recruitment, training, coaching, performance management, and career development; may also manage team financial resources, including budgets and expenses.
  • Structure Letters of Credit, Standby Letters of Credit, and guarantees in collaboration with clients, Legal, Product, Risk, and Compliance.
  • Provide comprehensive team training in issuance, confirmation vetting, and document examination processes, and develop workforce capability to meet client requirements and business objectives.

Desired Qualifications

  • An advanced degree or professional certification, such as CFA or CPA, is preferred.
  • Eight to ten years of total work experience in Trade Finance is preferred, with at least two years in team management highly preferred.
  • Knowledge of sanctions, Anti-Money Laundering (AML), and boycott guidelines and their relevance to Trade Finance is highly desirable.
  • Trade certifications such as CDCS or CSDG are an added advantage.

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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