Bank of the West GTO Associate in City of Industry, California
What sets Bank of the West apart from other banks is our team members–they embody the optimistic spirit of the West. There is a spirit here that drives us to do more. Our team of more than 10,000 employees is vital to the success of our Bank. They reflect our modern western values—straightforward, entrepreneurial and optimistic. We seek to create a corporate culture that fosters and rewards excellence, encourages creative thinking and respects diversity – an environment where team members are engaged, supportive of one another and enthusiastic about serving our customers. Bank of the West offers the stability of a company that has a 135 year history and is part of BNP Paribas, a European leader in global banking and financial services and one of the 6 strongest banks in the world. We offer opportunities across our diverse business lines – Retail Banking, Commercial Banking, National Finance, and Wealth Management.
Job Description Summary
Responsible for processing various trade transactions such as: documentary collections, letter of credit, issuance, advising and/or amendments. Moderately complex to highly complex terms and conditions and higher number of terms and conditions are typical for this level.
Essential Job Functions
Receives and reviews an assigned types of Letter of Credit (LC's) such as Import LC's, Export LC's or Standby LC's of moderate to high complexity and confirms that all necessary documents are presented pursuant to external/internal regulatory guidelines (i.e. ICC, UCP, and/or OFAC). Complexity is determined by the number and terms or conditions established in the transaction
Examines, verifies, and ensures that the documents are accurate and contain appropriate language (e.g. instructions,) and adhere to external regulatory guidelines. Specifically: requirements applicable to international trade transactions, foreign trade practices and the associated legal requirements.
Under minimal direction, manages all stages of the transaction processing including: logging, entry, internal file preparation, issuance, advising, amendments, negotiations (Examination of Documents), authorization to pay, transfer LC's, confirmation and settlements /payments. Able to process transactions with minimal reference based on level of knowledge of internal/external regulatory guidelines.
Handles complex customer or business partner inquiries regarding assigned international trade transactions. Resolves disputes or escalates to appropriate team member for resolution
Prepares and reviews all monetary and non-monetary entries adjustments for all product types (e.g. Import LC's, Export LC's and/or Standby LC's and Documentary Collections.)
Prepares, reviews and processes accounting and liability entries for settlement and payment of maturing banker's acceptances.
Other Job Duties
- Performs other duties as assigned.
Requires practical knowledge of job area typically obtained through advanced education combined with experience.
Requires 3 years minimum prior relevant experience.
- High School Diploma or GED Required
In-depth knowledge and execution experience with documentary collections, bankers acceptances, AVAL's and settlement/payments.
In-depth knowledge and application of international trade transactions, UCP 600, URC 522 and associated legal and regulatory issues and requirements.
In-depth knowledge of customer service and dispute resolution.
Respond to all LC & Documentary Collection inquiries of complex nature verbally and in writing without assistance.
Prepares and reviews all monetary and non-monetary entries adjustments for all product types including Import LC's, Export LC's and/or Standby LC's and Documentary Collections.
Equal Employment Opportunity Policy
Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.
Job: Bank Services
Location: United States-California-City of Industry
Requisition ID: 041181