Trade Services Implementation Coordinator (Senior Trade Services Specialist)

Wells Fargo

22h•Hybrid

About The Position

About this role: Wells Fargo is seeking a Trade Services Implementation Coordinator (Senior Trade Services Specialist) in Commercial Banking Operations. In this role, you will: Mitigate risk to the bank and the customer to ensure customer satisfaction by processing Letter of Credits Review complex reformatting, drafting, advising and amending standby letters of credit that require an in-depth evaluation of variable factors Provide recommendations on existing policies, practices, and procedures Perform moderately complex letter of credit structure, documentation, governing rules, internal policies and credit risk implications Utilize overall understanding of rules and regulations, governing letter of credit products with a full working knowledge of standby letters of credit Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals Understand Wells Fargo trade finance offerings (SBLCs, LCs, documentary collections) Apply relevant policies, regulations, and investor standards. Assess financial and credit risks, recommend solutions to meet client needs and minimize risk. Communicate product value to different customers and position effectively versus competitors Stay updated on AML, OFAC, and sanctions regulations Identify and escalate risk, adhering to compliance controls Support clients during onboarding and implementation. Set clear expectations, timelines, and deliverables; escalate and resolve issues as needed Spot and escalate red flags in transactions, using resources Coordinate with Product, Legal, Compliance, and QA teams Escalate complex matters to SMEs or managers Contribute to knowledge-sharing and documentation

Requirements

4+ years of Trade Services experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice To Haves

1+ years of experience working with Standby Letters of Credit (SBLCs)
Client management experience including experience managing client expectations and offering solutions
Experience mentoring and coaching team members
Strong attention to detail and accuracy skills
Strong organizational, multi-tasking, and prioritizing skills
Ability to work in a fast-paced, deadline driven environment
Ability to collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals
Experience developing and documenting procedures
Excellent verbal, written, and interpersonal communication skills
Outstanding analytical and problem-solving skills
Strong Microsoft Office (Word, Excel, and Outlook) skills

Responsibilities

Mitigate risk to the bank and the customer to ensure customer satisfaction by processing Letter of Credits
Review complex reformatting, drafting, advising and amending standby letters of credit that require an in-depth evaluation of variable factors
Provide recommendations on existing policies, practices, and procedures
Perform moderately complex letter of credit structure, documentation, governing rules, internal policies and credit risk implications
Utilize overall understanding of rules and regulations, governing letter of credit products with a full working knowledge of standby letters of credit
Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
Understand Wells Fargo trade finance offerings (SBLCs, LCs, documentary collections)
Apply relevant policies, regulations, and investor standards.
Assess financial and credit risks, recommend solutions to meet client needs and minimize risk.
Communicate product value to different customers and position effectively versus competitors
Stay updated on AML, OFAC, and sanctions regulations
Identify and escalate risk, adhering to compliance controls
Support clients during onboarding and implementation.
Set clear expectations, timelines, and deliverables; escalate and resolve issues as needed
Spot and escalate red flags in transactions, using resources
Coordinate with Product, Legal, Compliance, and QA teams
Escalate complex matters to SMEs or managers
Contribute to knowledge-sharing and documentation