Senior Trade Services Specialist

Wells Fargo•Charlotte, NC

2d•Hybrid

About The Position

Wells Fargo is seeking a Senior Trade Services Specialist to join the Commercial Bank as part of Global Operations. The role provides operational support for Commercial and Standby Letters of Credit within the Commercial Banking Middle Office. It involves processing letters of credit, onboarding clients, working with internal business partners, resolving inquiries and issues, and delivering timely, accurate, high-quality service while maintaining strong operational controls and mitigating risk. The position reviews complex standby letter of credit reformatting, drafting, advising, and amendments requiring evaluation of variable factors. It applies knowledge of letter of credit structures, documentation, governing rules, internal policies, and credit risk implications, and provides recommendations on policies, practices, and procedures. The role also involves collaborating with peers, colleagues, and managers to resolve issues and achieve goals.

Requirements

4+ years of Trade Services experience, or equivalent demonstrated through work experience, training, military experience, education.
Experience with Standby Letters of Credit, including client onboarding and liaising with the front office and processing team.

Nice To Haves

Knowledge of UCP 600 and IPS98.
Knowledge of Trade Finance products in general.
Basic knowledge and understanding of compliance and regulatory requirements in international banking.
Extensive knowledge and understanding of trade services.
Knowledge and understanding of asset-based lending or commercial lending.

Responsibilities

Provide operational support for Commercial and Standby Letters of Credit within the Commercial Banking Middle Office.
Review and process letters of credit and onboard new clients.
Collaborate with Relationship Managers, Underwriters, LC Processing teams, and other business partners.
Resolve client inquiries and issues and provide timely, accurate, high-quality service to internal stakeholders and clients.
Maintain strong operational controls and mitigate risk to the bank and customers while processing letters of credit.
Review complex reformatting, drafting, advising, and amendments of standby letters of credit that require in-depth evaluation of variable factors.
Provide recommendations on existing policies, practices, and procedures.
Evaluate moderately complex letter of credit structures, documentation, governing rules, internal policies, and credit risk implications.
Apply an overall understanding of rules and regulations governing letter of credit products and working knowledge of standby letters of credit.
Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals.
Follow applicable risk programs, policies, procedures, and compliance obligations; escalate and remediate issues as appropriate.