Jobe Details

Compliance Trade Operations Supervisor Posted on: 12/22/2020

Infinity Consulting Solutions, Inc
  • -
  • -
  • NEW YORK-10004, NY, US

CRM Systems, banking software

  • Job Description

    Compliance Trade Operations Supervisor reports to the Chief Operating Officer and is responsible for managing the day to day affairs of the Trade Finance and Trade Loans services. The position entails supervising staff, providing them with training, ensuring work processes within the guidelines laid out including compliance regulations not limited to BSA/AML and be a back-up to the Head of Operations and COO when necessary


    Manage and effectively supervise the trade finance operations activities including Documentary Letters of Credit, Standby Letters of Credit/Guarantees, Bills and Loans
    Implement objectives, policies, procedures and user manuals for efficient trade finance operations and a consistently high level of customer service which complies with institutional and regulatory requirements. Ensure policies and procedures are reviewed and updated maintain quality of service and to minimize risk
    Execute transactions within pre-set standardized turnaround times for all trade finance activities and service level agreements with business units and customers
    Prepare monthly Trade Finance proofs and account reconciliation
    Ensure that all transaction processing is in compliance with regulatory requirements (including but not limited to BSA/AML, OFAC and anti- boycott requirements) and Bank's policies, procedures and standards with prompt intervention to resolve problems/ concern areas
    Manage maintenance of transaction records, documents and create archival system for easy retrieval
    Monitor customer trade transactions, settlements and report any exceptions to concerned units
    Develop and maintain relations with relevant counterparts in order to facilitate and ensure smooth working support and quick resolution of issues/ concern areas
    Direct, train and motivate subordinates to perform to consistently high standards in a team environment. Ensure a high level of cross training
    Prepare regular (daily, weekly and monthly) reports/ MIS and analysis for senior management for effective monitoring and control.
    Ensures trade transactions are reviewed for Money Laundering Red Flags
    Authorize work input by Trade finance and loans Specialists.


    College Bachelor's degree and working knowledge of UCP and eUCP (latest version), Incoterms, URR (latest version), URC 522, loan operations and Government regulations.
    Experience with banking software, like Actimize Finacle, Finastra TI, CRM Systems will be considered a plus.

  • Compliance Assistant
    Compliance & regulatory
  • No Preference
    FullTime Job
  • Candidate Requirements
  • Walkin Information
Recruiter Details
Doug Klares
1350 Broadway, Suite 2205, NEW YORK-10018, NY
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