Senior Specialist

Your potential. Your opportunity.

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 6th largest financial group in the world. Across the globe, we're 160,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

This is a hybrid position. The recruiter will provide additional details.

Job Description

Processing various types of transactions related to Standby Letters of Credit operations in particular commodity financing LCs using Trade 360 System. (1) Perform, understand and apply the internal and external guidelines/regulations of Standby Letters of Credit accurately and independently

(2) Provide prompt Customer Service (3) Effectively time manage multiple tasks and duties

4) Exercise 'due care' when executing each operation, which includes: (a) issuance (b) amendment (c) Confirmations (d) principal and interest draws (e) processing of L/C liability and fees.

To assist the Section and Supervisors/Analysts in achieving its planned objectives, the incumbent is assigned to the following Functions: (1) Transaction Processing, (2) Transaction Control, and (3) Investigation and Customer Service. (4) Special Assignments (5) Provide Operational Support for all U.S. Branches. (5) SBLC draft reviews and release of transactions within authorized threshold.

Transaction Processing: Check terms and conditions of L/C/Amend applications or documents ensuring compliance with: (a) OFAC/AML/BSA/JFEL and Anti-Boycott regulations, (b) UCP/ISP guidelines and practices, and (c) SBLC Section/Dept. procedures and Bank policies and procedures. Contact customers and/or account officers, obtaining instructions for the timely resolution of identified issued related to L/C or amendment applications. Perform L/C and amendment entries accurately in Trade 360 System in accordance with the standard procedures and instructions under various types of LCs including, (a) Issuance; (b) Participation Sold; (c) Confirmations, (e) Transfers/Assignments, and (f) Fee processing in System. Prepare/process bills for LC fee accurately and send them in timely manner

Investigations and Customer Service: Respond to inquiries received from customers, front/middle offices, internal auditors, and correspondent banks, providing the required information accurately for the timely resolution of such queries. Provide the supervisor with the status of pending inquiries. Provide prompt and reliable Customer Service support consistent with the Section's and departmental goal of delivering quality customer service.

Special Assignments: Assist the supervisor in preparing various reports and special projects with the required data and accurate investigations.

Skills and qualifications:

Two years banking experience of Trade Letter of Credit (LC) or One year of Standby LC operational handling and processing preferred.

Good written and verbal communication skills and Customer Service.

Ability to work in a team and automated system environment with good inter-personal skills.

High School Graduate or Equivalent Diploma.

Knowledge of ISP and UCP. Any diploma or certification or courses International Operations and Business or Trade Finance is a plus.

The typical base range for this role is between $24.03 per hour - $28.84 per hour depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

MUFG Benefits Summary

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual's associates or relatives that is protected under applicable federal, state, or local law.

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