Trade Finance Services Specialist II (Standby Letter of Credit) - Scranton, PA
Scranton, Pennsylvania
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Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position.
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To proceed with your application, you must be at least 18 years of age.
Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/Scranton/Trade-Finance-Services-Specialist-II--Standby-Letter-of-Credit----Scranton--PA_26019100-2)
Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position.
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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:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
View your "Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088\EEOC\KnowYourRights6.12.pdf) " poster.
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
