Corporate & Investment Banking Letter-of-Credit Product Specialist - Analyst

Santander

3d•$110,000 - $135,000•Onsite

About The Position

The Analyst, Letter of Credit Product Specialist within Corporate & Investment Banking supports the Global Transaction Banking Large Corporates Business Unit for the on boarding, booking and processing of products through the entire life cycle. He/she will serve as first-line support to clients, agent banks and internal clients to ensure funding are completed, transfers are made on time and for all operational purposes. Creates and ensures accuracy for various Management Reports and the design and execution of new reports to meet changing or ad-hoc requirements. Ensures the product requirements are met and manage the communication with relevant areas to ensure completion and accuracy Identifies any issues and implements necessary actions to resolve issues when necessary. Acts as first-line support to clients, banks and internal clients to ensure requests are completed. Uses own discretion to resolve errors and disputes. Coordinates with Middle Office and Operations to ensure all deals are correctly booked and independently identify appropriate remedies where necessary. Reviews documentation for accuracy and completeness and determines appropriate remedial action when needed. Provides guidance to the deal booking teams following each deals terms and conditions. Ensures client folders are maintained and updated with credit, legal and/or any other required documentation .

Requirements

Bachelor's Degree or equivalent work experience in Business, Finance or equivalent field.
1-3 years of Product Development, Business Development or related experience.
Ability to multi-task and self-prioritize a heavy workload.
Strong analytical skills/financial acumen.
Proficiency in Excel and Microsoft skills.
Demonstrates the ability to translate customer needs into marketable product features.
Excellent verbal, written, and interpersonal communication skills.
Ability to interact with integrity and a high level of professionalism with all levels of team members and management.
Demonstrated understanding of product development life cycle.
Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.

Nice To Haves

Experience with Letter-of-Credit product.
Knowledge of trade products.
Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Responsibilities

Support the Global Transaction Banking Large Corporates Business Unit for the on boarding, booking and processing of products through the entire life cycle.
Serve as first-line support to clients, agent banks and internal clients to ensure funding are completed and transfers are made on time.
Create and ensure accuracy for various Management Reports and design and execute new reports to meet changing or ad-hoc requirements.
Ensure product requirements are met and manage communication with relevant areas for completion and accuracy.
Identify issues and implement necessary actions to resolve them.
Use discretion to resolve errors and disputes.
Coordinate with Middle Office and Operations to ensure all deals are correctly booked and independently identify appropriate remedies.
Review documentation for accuracy and completeness and determine appropriate remedial action.
Provide guidance to the deal booking teams following each deal's terms and conditions.
Ensure client folders are maintained and updated with credit, legal and/or any other required documentation.