Trade Finance Advisory

3 weeks ago


New York, United States Deutsche Bank Full time $70,000 - $130,000
Trade Finance Advisory & Services – Relationship & Transaction Management - Associate – Assistant Vice President Job ID: R0345626 Full/Part-Time: Full-time
Regular/Temporary: Regular Listed: 2024-11-04
Location: New York
Position Overview

J ob Title Trade Finance Advisory & Services – Relationship & Transaction Management

Corporate Title Associate – Assistant Vice President

Location New York, NY

(ALL ROLES TO BE CONSIDERED)

Overview

Deutsche Bank New York Branch seeks a Trade Finance Advisory & Services Officer in New York, NY to provide advisory services for clients on Trade Finance instruments. These products include Standby Letter of Credits, Demand Guarantees, Documentary Letter of Credits, Collections & Trade Finance loans. This role requires a thorough understanding of International Standby Practices (ISP98), Uniform Customs and Practice for Documentary Credits (UCP600), Uniform Rules for Demand Guarantees (URDG758), international trade finance documents, Anti Money Laundering as well as Office of Foreign Asset Control to ensure compliance and mitigation of risks associated with international trade transactions.

What We Offer You

  • A diverse and inclusive environment that embraces change, innovation, and collaboration

  • A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days

  • Employee Resource Groups support an inclusive workplace for everyone and promote community engagement

  • Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits

  • Educational resources, matching gift, and volunteer programs

What You’ll Do

  • Manage day-to-day activities for the Trade Finance Advisory Services team

  • Provide technical assistance to Sales & Structuring, Corporate Clients, Correspondent Banks and Deutsche Bank Branches in dealing with the intricacies of traditional trade products (Standby Letters of Credits, Documentary Letters of Credit, Documentary Collections &Trade Finance Loans)

  • Written and verbal communications with internal and external clients associated with the structuring and facilitation of Trade Finance products and other associated processes

  • Timely resolution of inquiries received from internal and external clients and escalating any potential problems or seeking clarification as appropriate

  • Ensure that all transactions are completed within the set time frames/deadlines established by management

Skills You’ll Need

  • Requires a Bachelor’s Degree in Finance, Business Administration, or related field or equivalent

  • Extensive, relevant and progressively responsible experience reviewing technical Guarantees, Standby and Documentary Letter of Credits language for compliance with International Chamber of Commerce (ICC) publications, local requirements and key operating procedures

  • Extensive, relevant and progressively responsible experience performing document negotiation for Export Letters of Credit and relevant traditional trade products, including Import and Export collections, ensuring transaction processing is in accordance with key operating procedures, local regulator’s requirements and the ICC guidelines; coordinating and performing transaction monitoring due diligence requirements for Trade Finance products; mitigating financial crime risks and ensuring appropriate level of Anti-Money Laundering/Anti-Financial Crime monitoring is in place by capturing, checking, and monitoring all parties, countries, ports, and vessels involved, following up on clients activities, and escalating any unusual transaction as necessary; and applying knowledge of Trade Finance products and processes to review existing handling procedures of Trade Finance products in accordance with key operating procedures, ICC standards, and regulator’s requirements

  • Strong client service skills. Strong quantitative and analytical skills

  • Highly proficient with Microsoft office

Skills That Will Help You Excel

  • Demonstration of organizational skills to manage multiple and often competing tasks simultaneously under tight deadlines and pressure

  • Able to communicate fluently, written and verbal, in English. Spanish and or German language skills are a plus

  • Ability to successfully navigate a complex, international organization, build strong relationships and work collaboratively with partner teams, external clients and other control functions

  • Willingness to accept responsibility for tasks and projects combined with the ability to work and think independently while supporting team goals and objectives

  • Excellent communication and partnering skills as well as effective stakeholder management. Detail orientated with attention to accuracy

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York office in accordance with the Bank’s hybrid working model.

Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City is $70,000 to $130,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

Deutsche Bank Benefits

At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more

Learn more about your life at Deutsche Bank through the eyes of our current employees: https://careers.db.com/life

The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank’s California Privacy Notice please email HR.Direct@DB.com .

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We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: "EEOC Know Your Rights" ; Employee Rights and Responsibilities under the Family and Medical Leave Act ; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision .



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