Commercial LC Documents Examiner
About The Position
Are you detail-oriented with strong analytical skills, capable of assessing and identifying key issues related to trade business products? If so, this is the team for you! As a Commercial LC Documents Examiner within the Trade & Working Capital team at JPMorganChase, you will be responsible for examining shipping/transport documents against Letters of Credit (L/C) and applicable rules, and processing payments/loans as a maker and/or checker. You will also be responsible for ensuring seamless workflow, and expediting urgent transactions as per Service Level Agreements (SLA). In this role, you will be responsible for examination of documents under Commercial Letters of Credit, processing payments thereto, and processing trade loans or other trade related payments. You will be involved in working with various internal stakeholders for managing and ensuring all client transactions are completed within the agreed SLA, while working on all trade related projects and delivering them. You will also be responsible for NIL production related incidents and uplifting SLA's while maintaining the control environment, and weekly and regular reporting to senior management. The Trade & Working Capital provides its clients with financing, risk mitigation and processing of cross border import and export activity through multiple products and solutions. We offer Documentary and Standby Letters of Credit, Guarantees, Collections, Supply Chain Finance, and Loan products.
Requirements
- Minimum of 5 years of experience as an Examiner of Commercial LCs Documents.
- Strong Knowledge of Uniform Customs and Practice for Documentary Credits (UCP 600), International Standard Banking Practice for Examination of Documents (ISBP), Boycott regulations, Office of Foreign Assets Control compliance, and Anti- Money Laundering is required.
- Experience working with various stakeholders.
- Excellent communication skills, both written and verbal and capable of developing strong story boards to support senior management update.
- Exceptional organizational skills, be able to prioritize demands/tasks based on priority level.
- Strong analytical ability with experience in analyzing and synthesizing large data sets
- Strong level of proficiency with Microsoft tools (Excel, PowerPoint, SharePoint, Project).
Nice To Haves
- Certificate for Documentary Credit Specialists (CDCS) preferred
- Knowledge of Tableau, Alteryx preferred
Responsibilities
- Monitor work flow queues and assign transactions for processing to the team
- Examine shipping documents against the terms & conditions of complex Commercial Letters of Credit and provide 2nd check and release payments
- Monitor work flow queues and assign transactions to peers for processing
- Monitor, track and process assigned transactions
- Review and authorize transactions processed by peers
- Ensure all client transactions are managed end to end and completed within agreed SLA.
- Analyze processes and identify improvement areas, suggest action plan to improve the efficiency and turnaround time.
- Review NIL errors, incidents, data breaches, and sanctions/AML miss-outs.
- Build effective relationships with management and internal stakeholders, also should have ability to influence them where necessary.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Credit Intermediation and Related Activities
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
