Trade Finance Product

Mizuho•New York, NY

2d•Hybrid

About The Position

The Trade Finance Product role is for a Vice President (VP) in the Execution & Delivery team, focusing on servicing, monitoring, and maintaining the Global Transaction Banking Americas (GTBA) New York's trade finance portfolio. This role supports North American Banking (NAB) and other business unit clients by managing outstandings and collateral, liaising with correspondent global financial institutions, and assisting in the structuring and negotiation of various trade finance instruments. The VP will also support trade finance account officers with daily operations, pricing models, and processing of loans and letters of credit. This position is key to inquiries regarding trade finance products and acts as a secondary contact for Supply Chain Finance, receivable purchasing, and Trade Loans. The role involves collaboration across departments like Sales, Credit, Legal, Compliance, and Operations to facilitate deal execution and client support.

Requirements

Bachelor’s Degree (business administration, 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 (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 with SBLC/BGs 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

Assist the Execution & Delivery team to service, monitor and maintain Global Transaction Banking Americas (GTBA) New York's trade finance portfolio in support of North American Banking (NAB) and other business unit clients.
Keep track of outstandings and collateral.
Liaise with correspondent global financial institutions.
Assist structuring of documentary and standby letters of credit including back-to-back SBLCs and Bank Guarantees and letter of credit confirmations.
Assist in negotiating documentation with clients, correspondent banks and our branches in conjunction with Legal Unit.
Assist the Trade Finance account officers with the processing and monitoring of the LC portfolio activity, daily operations, pricing models and Return on Risk Assets (RORA) schedules.
Assist with the processing of Loans and Letters of Credit activity as needed.
Be one of GTBA's primary points of contact for inquiries regarding trade finance products, including but not limited to 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.
Pursue any necessary research and basic analytics with regard to risk analysis, financial statement analysis and cash flow modeling, if required for assessing the risk of the products noted above, and/or with relation to Trade Finance clients.
Assist the corporate banking departments as needed in the preparation of credit applications and other internal documents as well as obtaining appropriate internal approvals in a timely manner for transactions to be pursued, including customer registration, KYC, credit rating and other system registrations required in preparing credit applications.
Work collaboratively across teams, including but not limited to Sales, Credit, Legal, Compliance and Operations.
Assist Corporate and FI Clients, Relationship Managers and Sales /Structuring team in drafting /reviewing of Documentary and Standby Letters of Credit and preparation of LC applications.
Prepare and maintain outstanding Loan and Letter of Credit activity reports.
Assist Relationship Managers in the marketing of Letters of Credit and other trade finance products.
Assist as needed in negotiating Letter of Credit Reimbursement Agreements.