Trade Finance Services Specialist II (Standby Letter of Credit) - Scranton, PA

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Line of Business Description: The role is part of the Global Trade Operations group. The position will work under established operating procedures and precedents. Responsibilities include, but are not limited to:

·        Performs a variety of technical and analytical functions related to trade financing and servicing

·        Researches, analyzes, and resolves trade documents that require specialized, sensitive, and/or exception handling

·        Evaluates/processes issuances, amendments, and negotiations for payment on Standby Letters of Credit

·        Provides client servicing for Standby Letter of Credit clients

·        Provides client servicing and operational support for extended processing teams/sites

·        Prepares and reconciling daily and monthly reports; accurate capturing of production volumes.

·        Works under established operating procedures and precedents.

·        Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions.

·        Excels in working among diverse viewpoints to determine the best path forward.

·        Experience in connecting with a diverse set of clients to understand future business needs –is a continuous learner

·        Commitment to challenging the status quo and promoting positive change.

·        Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base.

·        Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world.

Required Qualifications:

·        Demonstrated excellent communications and workflow management skills

·        Must have prior/current Client servicing experiencing

·        General ability to use office applications such as Word, Excel , and PowerPoint

·        Ability to work in a team environment as well as independently with little supervision

·        Excellent communication skills (both verbal & written) and active listening skills

·        Strong mathematic/accounting skills

Desired Qualifications:

• Some experience as a letter of credit or trade specialist familiar with ISP 98 and/or UCP 600, and legal and compliance regulations
• Knowledge of SWIFT, wire transfers and accounting entries
• College degree or comparable banking experience

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

Hours Per Week: