Business Analyst – Trade Finance Operations

Job Description

Business Analyst – Trade Finance Operations:
On behalf of our Banking client, Procom is searching for a Business Analyst – Trade Finance Operations for a contract role. This position is a hybrid position with 3 days onsite at our client’s New York office.

Business Analyst – Trade Finance Operations - Job Description:
The incumbent will be responsible for processing transactions related to Standby Letters of Credit in Trade Services Center NYA, ensuring compliance with U.S. laws/regulations, Bank’s procedures/policies, and international trade practices. The role requires a highly customer service-oriented team member who is flexible and committed to the success of the team.

Business Analyst – Trade Finance Operations - Responsibilities:
• Handle end-to-end processing of Standby Letter of Credit transactions, including issuances, amendments, advises, confirmations, claims, examination of documents, payments, transfers, assignments of proceeds, and billing.
• Ensure all activities and transactions comply with the Bank's Standard Operation Procedures and relevant regulations.
• Prepare and review Standby Letters of Credit drafts to meet client and team requests.
• Respond promptly to requests, concerns, and complaints from customers and internal teams.
• Handle daily and monthly reconciliations and resolve discrepancies.
• Manage the billing process for out-of-pocket expenses related to SBLC transactions.
• Conduct investigations to respond to inquiries from clients and internal teams.

Business Analyst – Trade Finance Operations - Mandatory Skills:
• 2+ years banking experience in Trade Finance operations
• Knowledge of International Banking and Trade Finance operations
• Working knowledge of ISP98, UCP600/ISBP
• Excellent skills in Word, Excel, Adobe Acrobat
• Experience with SWIFT messages related to Trade Finance transactions

Business Analyst – Trade Finance Operations – Nice-to-Have Skills:
• Working knowledge in the T360, BESS, LoanIQ, CorrRisk, TLM, GTX systems
• CDCS certification

Business Analyst – Trade Finance Operations – Assignment Length:
The contract duration is ASAP – 12/31/2026, with the possibility of extension.

Business Analyst – Trade Finance Operations - Start Date:
ASAP

Business Analyst – Trade Finance Operations - Assignment Location:
New York, New York, United States, hybrid with 3 days in office.