Officer, Trade Finance Services Specialist

4 days ago

bangalore, India Bank of America Full time

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 Job Description:The role where you will work across trade products managing compliance, regulatory & client requirements and collaborate with internal teams for accurate, efficient transaction processing.Responsibilities:Co-ordinate and process a variety of trade transactions (LCs, Bills, BGs and trade remittances).Ensure strict adherence to compliance, audit, and risk management requirements.Monitor operational risks and escalate exceptions in line with control frameworks.Collaborate with internal stakeholders, clients to resolve queries and ensure smooth execution.Provide professional and timely responses to client and stakeholder requests.Skills:5-6 years of banking experience in trade finance operations.In-depth knowledge of trade products: Imports, Exports, Letters of Credit, Bank guarantees and trade remittances.Experience in handling RBI regulatory requirements like IDPMS & EDPMS with a clear understanding of FEMA, AML, UCP and URDG framework.Excellent verbal and written communication skills with the ability to interact confidently interact with clients and internal stakeholders.Proven ability to manage multiple tasks, prioritize effectively and maintain accuracy.Strong attention to detail, problem-solving skills, and awareness of operational and compliance risks.

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