- The Global Trade Business Execution Team – Vice President (“BE VP”) will be an integral part of the Global Trade Finance New York team, and will serve as the primary liaison between the Front and Back office
The Global Trade Business Execution Team is responsible for the execution and post-sale service of all Trade products, with main focus on Stand-By Letters of Credit (SBLCs) and Documentary Credits (DCs), ensuring a seamless experience for clients from Sales to Execution
- The BE VP will serve as the primary liaison between Front and Back office to ensure accurate and timely execution, monitoring and post-sale service of all Trade products, which will include, but not limited to, the following responsibilities:
- Review that all documentation is in order per the checklists for new facilities and transactions
- Review Agreements to ensure compliance with credit and other approvals
- Review language of SBLCs and DCs
- Review documentation provided by the Front office for review and 2nd check prior to sending to the back office using checklists in place
- Contact customers in a timely manner to obtain complete final documentation decks within the internal deadlines agreed with our back office
- Ensure transactions under existing facilities hurdle as per the approvals and minimums in place by the Front Office
- Monitor pending invoices and follow-up with clients to ensure timely payment of fees
- Outstanding reports / Facility Monitoring / Transaction Monitoring
- Work Flow submissions for risk approvals of transactions
- Liaise with other departments for transaction related questions (i.e Compliance, Audit, operations, etc)
Monitor all ongoing deals and reconcile with the Front Office