Specialty Product Analyst – Commercial LCs Documents Examiner

Do you have an eye for details; analyze, assess and determine key issues within the context of trade business products? If yes, this is the team for you.

As a Specialty Product Analyst – Commercial LCs Documents Examiner with Trade & Working Capital Operations team at JPMorganChase, you will be responsible for examining shipping/transport documents against Letter of Credit (L/C) and applicable rules, and processing payments/loans as a maker. You will also be responsible for ensuring seamless workflow, and expediting urgent transactions as per Service Level Agreements (SLA).

Trade & Working Capital provides its clients with financing, risk mitigation and processing of cross border import and export activity through multiple products and solutions. Operating in 39 locations across 28 countries we offer Documentary and Standby Letters of Credit, Guarantees, Collections, Supply Chain Finance, and Loan products. We have established a distributed operating model with regional hubs, global processing centers and a network of branches. Trade Finance is a credit based product which is highly complex and requires a significant amount of expertise. Whether we are providing a small value rental guarantee or a $100mm financing transaction, our focus is on providing a first class service to our clients.

 

Job Responsibilities

• Monitor work flow queues and process the transactions assigned to you
• Examine shipping/transport documents against the terms of Commercial Letters of Credit (L/C)
• Book/setup Loans for Corporates or Financial Institution
• Process the payments against Letters of Credit or under Loans
• Liaise client services on disputed discrepancies explaining the reason for raising in a professional manner
• Monitor quantity and quality of work to meet established objectives
• Ensure a smooth workflow, review difficult cases, and expedite urgent transactions per SLA
• Research and resolve operational issues, review and recommend new methods and procedures for process improvement and efficiency
• Spur the Operations team forward while achieving client satisfaction at all times, maintaining a controlled environment
• Ensure that all transactions are processed in accordance with documented Standard operating Procedures (SOP) and comply with internal operating standards, Customer Service Levels, Industry Rules and with Standards and Compliance
• Maintain a client-focused approach, engage team members in best practices, exercising sound judgment, based upon knowledge and experience, at all times

 

Required Qualifications, Capabilities, and Skills

• Knowledge of UCP600, UCC 522, International Standard Banking Practice (ISBP), Boycott Regulations, and OFAC compliant requirements including complex processing (i.e. Transfers, and assignment of Proceeds) is preferred
• Ability to follow standing procedures and understanding of clients instructions which may differ among transaction and client
• Ability to make independent decisions and utilize all available tools to minimize corporate and client risk
• Self-motivated confident decision-maker with the ability to demonstrate leadership and establish credibility at a senior level
• Ability to organize and change priorities frequently within a given day, multitask, work independently and with others while demonstrating a positive attitude, and the ability to work with focus and urgency
• Trade product knowledge with the ability to analyze, assess and determine key issues within the context of complex business products
• Ability to identify any Red Flags/OFAC regulatory/Anti-money laundering (AML) & Boycott Language in the transactions
• Strong interpersonal skills with the ability to influence and negotiate, good Personal Computer (PC) skills with a proficiency in Microsoft Word and Excel required
• Ability to prepare, format, and proof for accuracy of data content for internal and external reports as it relates to the date or assigned transactions

 

Preferred Qualifications, Capabilities, and Skills

• Certificate for Documentary Credit Specialists (CDCS) preferred

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience,