Trade Finance Vice President
4 weeks ago
The Trade Finance Vice President will be responsible for assisting the Execution & Delivery team in servicing, monitoring, and maintaining Global Transaction Banking Americas' trade finance portfolio in support of North American Banking and other business unit clients. This includes tracking outstanding and collateral, liaising with correspondent global financial institutions, and assisting in the structuring of documentary and standby letters of credit, including back-to-back SBLCs and bank guarantees, and letter of credit confirmations.
Key Responsibilities:
Assist the Trade Finance account officers with the processing and monitoring of the LC portfolio activity, daily operations, pricing models, and Return on Risk Assets (RORA) schedules. Assist with the processing of loan and letter of credit activity as needed. Coordinate and cooperate with colleagues in other divisions for marketing, credit applications, administration, and execution of deals. Pursue research and basic analytics with regard to risk analysis, financial statement analysis, and cash flow modeling, if required for assessing the risk of the products noted above, and/or with relation to Trade Finance clients. Assist the corporate banking departments as needed in the preparation of credit applications and other internal documents, as well as obtaining appropriate internal approvals in a timely manner for transactions to be pursued, including customer registration, KYC, credit rating, and other system registrations required in preparing credit applications. Work collaboratively across teams, including but not limited to Sales, Credit, Legal, Operations. Assist Relationship Managers in the marketing of Letters of Credit and other trade finance products. Assist as needed in negotiating Letter of Credit Reimbursement Agreements.
Requirements:
Bachelor's Degree in Business Administration or Finance. Minimum 5 years of experience in Trade Finance products and flows, specifically Standby Letters of Credit (Trade, Performance, Advance Payment, Bid) and participations, Bank Guarantees, Documentary Letters of Credit, and other Contract Bonds. Trade finance expertise, including good knowledge of UCP600, ISP98, and URDG 758. Experience working with Front Office interfacing with corporate clients. Ability to acquire a basic understanding of Credit Risk Analysis and Financial Statement Analysis. Negotiating experience with related parties with SBLC/BGs texts and related agreements. Structuring experience to optimize SBLC/BG back-to-back issuances for client requirements. Proficient in MS Word and MS Excel. Must have the ability to learn other bank systems, as needed. Very good written and verbal communication skills. Empathy and a genuine concern for others, listening skills. Detail-oriented, flexible, team player.
Benefits:
Mizuho offers a competitive total rewards package, including a base salary range of $125,000 - $175,000, a discretionary bonus, and a generous employee benefits package. Successful candidates are also eligible to participate in the company's hybrid working program, with varying opportunities for remote work depending on the nature of the role, needs of the department, as well as local laws and regulatory obligations.
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