Trade Finance Product

Mizuho•New York, NY

1d•Hybrid

About The Position

The Trade Finance VP - Execution & Delivery role is based in NYC (Hybrid) and is responsible for assisting the Execution & Delivery team in servicing, monitoring, and maintaining the Global Transaction Banking Americas (GTBA) New York's trade finance portfolio. This includes supporting North American Banking (NAB) and other business unit clients, managing outstandings and collateral, liaising with correspondent global financial institutions, and assisting in the structuring of various trade finance instruments like documentary and standby letters of credit, back-to-back SBLCs, and Bank Guarantees. The role also involves assisting with LC confirmations, negotiating documentation with clients and correspondent banks, and working with the Legal Unit. Additionally, the VP will support Trade Finance account officers with portfolio activity, daily operations, pricing models, Return on Risk Assets (RORA) schedules, and processing Loans and Letters of Credit activity.

Requirements

Bachelor’s Degree in business administration or finance.
Minimum 5 years of experience in Trade Finance products and flows, specifically Standby Letters of Credit (Trade, Performance, Advance Payment, Bid) and participations, Bank Guarantees, Documentary Letters of Credit, and other Contract Bonds.
Trade finance expertise, including a good knowledge of UCP600, ISP98, and URDG 758.
Experience working with Front Office interfacing with corporate clients.
Ability to acquire a basic understanding of Credit Risk Analysis and Financial Statement Analysis.
Negotiating experience with related parties regarding SBLC/BG texts and related agreements.
Structuring experience to optimize SBLC/BG back-to-back issuances for client requirements.
Proficient in MS Word and MS Excel.
Must have the ability to learn other bank systems, as needed.
Very good written and verbal communication skills.
Empathy and a genuine concern for others, listening skills.
Detail oriented, flexible, team player.

Responsibilities

Serve as a primary point of contact for inquiries regarding trade finance products, including Letter of Credit issuances, LC confirmations, Forfaiting, and L/G Risk Participations.
Act as a secondary contact for Supply Chain Finance, receivable purchasing (Invoice Discount Finance), and Trade Loans.
Assist in the promotion, origination, structuring, negotiating, and execution of trade finance products.
Coordinate and cooperate with colleagues in other divisions for marketing, credit applications, administration, and execution of deals.
Conduct research and basic analytics for risk analysis, financial statement analysis, and cash flow modeling related to trade finance products and clients.
Assist corporate banking departments in preparing credit applications and other internal documents, and obtaining necessary internal approvals.
Work collaboratively with teams including Sales, Credit, Legal, Compliance, and Operations.
Assist Corporate and FI Clients, Relationship Managers, and Sales/Structuring teams in drafting/reviewing Documentary and Standby Letters of Credit and preparing LC applications.
Prepare and maintain outstanding Loan and Letter of Credit activity reports.
Assist Relationship Managers in marketing Letters of Credit and other trade finance products.
Assist in negotiating Letter of Credit Reimbursement Agreements.