Trade Finance Specialist

Beacon Bank•Boston, MA

3d•$52,000 - $90,498•Remote

About The Position

The Trade Finance Specialist is responsible for the technical execution, precise documentation, review, and administration of trade finance products. This role ensures that client transactions are processed accurately, securely, and in strict compliance with international banking regulations and trade laws (i.e. International Chamber of Commerce (ICC) guidelines) as well as internal policies, and other regulatory standards to minimize risk to the bank while delivering accurate and timely service to customers.

Requirements

Minimum 2 years of direct operational experience handling trade finance transactions within a commercial bank or other financial institution
Exceptional attention to detail
Strong knowledge of Incoterms 2020
Excellent customer service skills
Strong verbal and written communication skills
Familiarity and/or proficiency with banking systems and trade finance platforms

Nice To Haves

Bachelor’s degree in Finance, Economics, International Business or related field OR a minimum of 4 years of combined higher education and relevant work experience
Certifications highly preferred include CDCS (Certified Documentary Credit Specialist) or CITF (Certificate in International Trade and Finance)

Responsibilities

Issuing, advising, amending, and settling Letters of Credit (L/Cs), Standby L/Cs, and Bank Guarantees
Reviewing complex shipping documents (Invoices, Bills of Lading, Certificates of Origin) against L/C terms to identify and resolve discrepancies
Executing primary Anti-Money Laundering (AML), sanction-list screening, and dual use goods checks for every assigned transaction.
Identify and escalate potentially fraudulent or non-compliant transactions
Act as the primary operational contact for corporate clients to resolve documentation errors, clarify banking fees, and guide transactional steps
Reconcile fees, manage maturities, process drawings, and maintain accurate records within the bank’s core trade system
Process issuance and advisement of intermediate-level Commercial, Performance and Financial Standby Letters of Credit
Ensure adherence to International Trade Finance (ITF) policies, procedures and internal controls
Maintain compliance with company risk standards and regulatory requirements
Support internal and external audits by implementing controls and addressing findings.
Collaborate with team members and participate in project initiatives as needed
Perform additional duties as assigned