Transaction Banking Specialist
2 months ago
About MUFG
Mitsubishi UFJ Financial Group (MUFG) is a leading global financial institution with a rich history and a strong commitment to innovation and customer satisfaction.
Job Summary
We are seeking a highly skilled Transaction Banking Professional to join our team. As a key member of our team, you will be responsible for providing technical guidance and support to our Business Processing Outsourcing provider for all functions associated with Collections and Commercial Letters of Credit.
Key Responsibilities
- Independently issue, advise, draft language, amend, examine, transfer, assign, pay and process fees for sensitive and highest risk transactions.
- Responsible for client impact functions and/or paying, calculating, and collecting of fees associated with Collection, Commercial and Standby Letters of Credit.
- Ensure compliance with Uniform Customs and Practice (UCP), Uniform Rules of Collections (URC), International Standby Practices (ISP) and International Standard Banking Practice (ISBP).
- Process, review, and approve transactions in Senior Trade Specialist's absence.
- Provide backup for training on new or revised functions and procedures.
- Respond to inquiries and tracers from customers, other MUB departments, and correspondent banks.
- Resolve complex and high-risk inquiries with the Bank's liaisons, customers, forwarders, and correspondent banks regarding the status of transactions.
- Ability to anticipate, plan and independently prioritize work to meet the client requirements and expectations including but not limited to accuracy and timeliness.
- Ensure adherence to all established processing and client deadlines to ensure compliance with the department's service level commitment.
- Ensure compliance with bank policies and procedures and various government regulatory agencies.
Requirements
- 7+ years of relevant work experience.
- Working knowledge of UCP, URC, URR, ISP, UCC, and ISBP.
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