This is a Trade Finance Operations Manager opportunity at a well-established financial institution, offering full oversight of a four-person team responsible for processing all trade finance transactions across standby and commercial letters of credit, documentary collections, and bank-to-bank reimbursements. The role is opening due to a long-tenured team member's retirement presenting an excellent opportunity for an experienced trade finance professional to step into a stable, well-structured team and bring their own leadership style and expertise to a high-functioning operations group.
Numbers & Facts
Location
New York, NY
Salary
$100,000–$140,000 Per Year
Description
Title: Team Lead, Operations Trade Finance
Office Status: Hybrid New York, NY
Base Salary: $100k - $140k + bonus
ABOUT THE ROLE
This is a Trade Finance Operations Manager opportunity at a well-established financial institution, offering full oversight of a four-person team responsible for processing all trade finance transactions across standby and commercial letters of credit, documentary collections, and bank-to-bank reimbursements. The role is opening due to a long-tenured team member's retirement presenting an excellent opportunity for an experienced trade finance professional to step into a stable, well-structured team and bring their own leadership style and expertise to a high-functioning operations group. It's an ideal fit for a hands-on trade finance manager who combines deep product knowledge with strong team leadership and a commitment to accuracy, compliance, and client service.
RESPONSIBILITIES
Manage and lead a team of 4 direct reports, overseeing the end-to-end processing of all trade finance transactions in accordance with applicable rules including UCP, ISP, and URC as well as all relevant compliance regulations
Review and release new Standby Letters of Credit and amendments;manage customer billings and ensure follow-up through final settlement
Review and release Import and Export Letter of Credit issuances and amendment advices;perform second examination of shipping documents for Import LCs;review and release payments and acceptances
Review and release outward documentary collections including associated payments and acceptances
Review and release bank-to-bank reimbursement authorizations, irrevocable reimbursement undertakings, and claims
Perform daily monitoring of accounts payable and receivable as well as suspense accounts;complete required monthly reconciliations
Ensure compliance due diligence and reporting requirements are met across all trade finance activities
Provide operational support to the front office and conduct investigations into transaction discrepancies or exceptions as needed
Maintain high standards of accuracy, timeliness, and regulatory adherence across all team deliverables