Job Description:Job Title Relationship & Transaction Management - Trade Finance Advisory & Services
Corporate Title Assistant Vice President
Location New York, NY
Overview
Deutsche Bank New York Branch seeks a Trade Finance Advisory & Services Officer in New York, NY to provide advisory services for clients on Trade Finance instruments. These products include Standby Letter of Credits, Demand Guarantees, Documentary Letter of Credits, Collections & Trade Finance loans. This role requires a thorough understanding of International Standby Practices (ISP98), Uniform Customs and Practice for Documentary Credits (UCP600), Uniform Rules for Demand Guarantees (URDG758), international trade finance documents, Anti Money Laundering (AML) as well as Office of Foreign Asset Control (OFAC) to ensure compliance and mitigation of risks associated with international trade transactions.
What You’ll Do
- Manage day-to-day activities for the Trade Finance Advisory Services team
- Provide technical assistance to Sales & Structuring, Corporate Clients, Correspondent Banks, and DB Branches in dealing with the intricacies of traditional trade products (Standby Letters of Credits, Documentary Letters of Credit, Documentary Collections &Trade Finance Loans)
- Written and verbal communications with internal and external clients associated with the structuring and facilitation of Trade Finance products and other associated processes
- Timely resolution of inquiries received from internal and external clients and escalating any potential problems or seeking clarification as appropriate
- Ensure that all transactions are completed within the set time frames/deadlines established by management
Skills You’ll Need
- Requires a bachelor’s degree in finance, Business Administration, or related field or equivalent
- Extensive, relevant, and progressively responsible experience reviewing technical Guarantees, Standby and Documentary Letter of Credits language for compliance with ICC publications, local requirements, and key operating procedures. Extensive, relevant and progressively responsible experience performing document negotiation for Export Letters of Credit and relevant traditional trade products, including Import and Export collections, ensuring transaction processing is in accordance with key operating procedures, local regulator’s requirements and the International Chamber of Commerce (ICC) guidelines; coordinating and performing transaction monitoring due diligence requirements for TF products; mitigating financial crime risks and ensuring appropriate level of AML/AFC monitoring is in place by capturing, checking, and monitoring all parties, countries, ports, and vessels involved, following up on clients activities, and escalating any unusual transaction as necessary; and applying knowledge of Trade Finance products and processes to review existing handling procedures of Trade Finance products in accordance with key operating procedures, ICC standards, and regulator’s requirements
- Able to communicate fluently, written and verbal, in English. Spanish and or German language skills are a plus. Strong client service skills
- Strong quantitative and analytical skills. Highly proficient with Microsoft office
- Demonstration of organizational skills to manage multiple and often competing tasks simultaneously under tight deadlines and pressure
- Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs
Skills That Will Help You Excel
- Excellent communication and partnering skills as well as effective stakeholder management
- Ability to successfully navigate a complex, international organization, build strong relationships and work collaboratively with partner teams, external clients, and other control functions
- Willingness to accept responsibility for tasks and projects combined with the ability to work and think independently while supporting team goals and objectives
- Detail orientated with attention to accuracy
Expectations
It is the Bank’s expectation that employees hired into this role will work in the New York office in accordance with the Bank’s hybrid working model.
The salary range for this position in New York is $85,000 to $146,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of renumeration.
Deutsche Bank Benefits
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