Apply on Employer Site

Wells Fargo · 6 hours ago

Trade Services Implementation Coordinator (Senior Trade Services Specialist)

Cornelius, NC

Full-time

Hybrid

Mid, Senior Level

4+ years exp

Wells Fargo is seeking a Trade Services Implementation Coordinator (Senior Trade Services Specialist) in Commercial Banking Operations. The role involves mitigating risk to the bank and the customer by processing Letters of Credit and providing recommendations on policies and practices. Responsibilities include collaborating with various teams, supporting clients during onboarding, and ensuring compliance with regulations.

BankingFinancial ServicesFinTechInsurancePayments

No H1B

Responsibilities

Mitigate risk to the bank and the customer to ensure customer satisfaction by processing Letter of Credits

Review complex reformatting, drafting, advising and amending standby letters of credit that require an in-depth evaluation of variable factors

Provide recommendations on existing policies, practices, and procedures

Perform moderately complex letter of credit structure, documentation, governing rules, internal policies and credit risk implications

Utilize overall understanding of rules and regulations, governing letter of credit products with a full working knowledge of standby letters of credit

Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals

Understand Wells Fargo trade finance offerings (SBLCs, LCs, documentary collections)

Apply relevant policies, regulations, and investor standards. Assess financial and credit risks, recommend solutions to meet client needs and minimize risk

Communicate product value to different customers and position effectively versus competitors

Stay updated on AML, OFAC, and sanctions regulations

Identify and escalate risk, adhering to compliance controls

Support clients during onboarding and implementation. Set clear expectations, timelines, and deliverables; escalate and resolve issues as needed

Spot and escalate red flags in transactions, using resources

Coordinate with Product, Legal, Compliance, and QA teams

Escalate complex matters to SMEs or managers

Contribute to knowledge-sharing and documentation

Qualification

Trade Services experienceStandby Letters of CreditClient managementAnalytical skillsMicrosoft OfficeAttention to detailOrganizational skillsCommunication skillsProblem-solving skillsMentoring skills

Required

4+ years of Trade Services experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education