CIB US Letters of Credit Transaction Management, Associate - Dallas

Santander•Dallas, TX

19d

About The Position

Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success. An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You! Overview The US Letters of Credit Operations Team Leader leads the end-to-end operations for Documentary Trade. Role reports to the US SCIB GTB PPT. Objectives are to 1) execute Middle Office & Back office for SBLC and Documentary LCs 2) support the Business Lines and Clients through the issuance and management of LCs portfolio. Job Function Description Responsible for the day-to-day operations of the company's business units. Aims to deliver superior service to clients by driving and optimizing the effectiveness and efficiency of people, processes and technology thereby enhancing financial performance, increasing investment capacity, and managing risk. Builds the sustainable repeatable capabilities that support delivery of the highest standards of service and execution. Analyzes and reviews data tools, business processes and operational standards to execute service delivery. Evaluates and ensures that operations meet company objectives, business needs, service agreements and relevant requirements. Researches and monitors external landscape to identify developments and translate them into operational implications for the company.

Requirements

Excellent communication skills (verbal and written).
Strong organizational and analytical skills with the ability to multi-task
Leadership skills
Banking operations experience with knowledge of Trade Finance and Working Capital products. Particularly in Documentary Trade and SBLC
Strong knowledge of UCP 600, ISBP, and international trade practices.
Accounting knowledge related to: deals booking and reconciliation
SWIFT Knowledge (MT7xx messages) & Industry Trade Finance systems (e.g. Trade Innovation)
Organized and rigorous attention to detail with a control-oriented mindset
Ability to drive innovation and continuous improvement in compliance processes.
Strong quantitative skills; proficient in data management and production of management reports and executive summaries
Bachelor's Degree or equivalent work experience
3-5 years

Nice To Haves

Spanish skills a plus

Responsibilities

Responsible for the efficient and accurate processing of Standby Letter of Credit aligned with the Uniform Customs and Practice for Documentary Credits (2007 Revision (UCP600) or International Standby Practices (ISP98) , in line with the Bank Policy and Procedures
Ensure that process controls are performed in accordance with SLA, as well with Bank Policy and Procedures
Liaison between Front Office, Back Office, Clients and other internal Stakeholders. Answering or channeling questions to ensure the timely processing and accurate reporting of Trade and GTB products.
Support the Back Office team on the daily Trade Finance operations on an efficient and effective manner
Examination of documents (SBLC and Commercial Letters of Credits)
Ensure compliance with regulatory requirements
Monitoring SBLCs’ with automatic extension clause (Evergreen LCs’)
Ensure Letter of credits deals meet internal and external compliance requirements (AML, Anti-Boycott) and credit risk policies.
Ensure that LC Documents prepared properly and distributed efficiently
Review and execute LC drawdown requests to ensure transactions comply with LC provisions
Update and maintain various database used to control and report exposures.
Monitor transactions in identifying risks and reporting risk incidents in a timely manner and provide/ implementing mitigation strategies