Trade Finance Servicing Analyst

Trade Finance Servicing Analyst page is loaded## Trade Finance Servicing Analyst locations:
Tampa, FLtime type:
Full time posted on:
Posted Todayjob requisition :
-WDDiscover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

This position description reflects Management’s efforts to accurately document key job content.  It is intended as a broad summary and the employee may be responsible to perform duties not reflected herein.  The Bank does not guaranty its accuracy and it is subject to change at any time with or without notice.  This position description does not alter the employment-at-will relationship that exists between the Bank and the employee, nor does it create a contract of employment between the Bank and any employee of any duration.

Responsibilities:
* ** Workflow Management**:
Monitor the daily operations of the Standby L/C Section and workflow supervision. Ensure output satisfies corresponding process requirements and priorities. Reconcile and account for all incoming items/work and ‘processed output’ in accordance with established procedures and controls.  Maintain and oversee overdue and/or delinquent transactions, section’s output reports, pending items, records and files. Responsible for accurate LC liability and commission postings Provide timely support to new business initiatives of front offices particularly, commodity financing deals and ACB customers.

Coordinate and ensure all Fronting LCs and Commodity Financing LCs are executed properly and promptly.
* ** Verification:
** Review L/C and Amendment Queues in Trade 360 System  and ensuring that all L/C’s are issued and amendments are processed  and releases as requested. Verify and release L/Cs, amendments, drawings, payments, LC fee, bills and sign negotiable instruments in timely manner in accordance with the authorization limits established by the Executive Management. Ensure all default, principal and interest draws are in compliance with the LC terms and conditions and comply with the internal procedures and compliance requirements.
* ** Quality Control and Customer Service**:
Provide technical and System support and guidance to staff members, Account Officers, Middle Office, all US branches and Customers on Standby LCs. Respond to inquiries received from customers, front/middle offices, internal auditors and correspondent banks, providing the accurate and timely information in resolution of such queries. Identify discrepancies and/or inefficiencies in customer support efforts and ensure that they are corrected, documented and implemented Assist the Manager (or the Management) in identifying risk areas and implement/monitor practices to reduce and/or prevent risk opportunities.

Update procedures as and when changes to workflow process, system enhancements and internal controls are effected. Conduct quality control meetings to enhance customer service and customer first initiative
* ** Staff and Performance Management:
** Supervise workflow assignment
** s
* * and ensure the work is processed in timely manner Discuss and assess team members’ performance and production and escalate any issues to the Management. Provide system training where required and ensue team is equipped with the necessary knowledge and skills... Timely reporting to Management on staff…