Summary of Responsibilities:
The Global Trade Business Execution Team – Associate (“BE Associate”) will be an integral part of the Global Trade Finance New York team, and will serve as the primary liaison between the Front and Back office. The Global Trade Business Execution Team is responsible for the execution and post-sale service of all Trade products, with main focus on Stand-By Letters of Credit (SBLCs) and Documentary Credits (DCs), ensuring a seamless experience for clients from Sales to Execution.
The BE Associate will serve as the primary liaison between Front and Back office to ensure accurate and timely execution, monitoring and post-sale service of all Trade products, which will include, but not limited to, the following responsibilities:
I. Documentation
- Review that all documentation is in order per the checklists for new facilities and transactions.
- Review Agreements to ensure compliance with credit and other approvals.
- Review language of SBLCs and DCs.
- Review documentation provided by the Front office for review and 2nd check prior to sending to the back office using checklists in place.
- Contact customers in a timely manner to obtain complete final documentation decks within the internal deadlines agreed with our back office.
II. Profitability
- Ensure transactions under existing facilities hurdle as per the approvals and minimums in place by the Front Office.
III. Outstanding reports / Facility Monitoring / Transaction Monitoring
- Work Flow submissions for risk approvals of transactions.
- Liaise with other departments for transaction related questions (i.e Compliance, Audit, operations, etc).
- Monitor all ongoing deals and reconcile with the Front Office.
Skills, knowledge, abilities/Competencies:
- Minimum 2-3 years’ experience in Global Trade Finance.
- Must be generally proficient in reviewing SBLC language and preparation of SBLC drafts.
- General understanding of the ISP and UCP rules.
- Bachelor’s degree in finance, economics or related field – preferred.
- Fluent in English (both oral and written) - Spanish (preferred).
- Working knowledge of credit approval and documentation process for Global Trade Finance products.
- Good written and verbal communication.
- Time management skills and flexibility to operate across multiple functions.
- Proactive/self-starter: ability to perform functions in a timely and accurate manner.
- Strong attention to detail, specifically for documentation, fee calculation and reporting.
- Independent contributor who works well in the absence of supervision.
- Proficient in Microsoft Office Tools (MS Word, Excel and PowerPoint).
- Strong computer literacy, including experience with document preparation, digital communication tools and ability to manage and process information using digital tools efficiently.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
With respect to this position in our New York Office, the expected base salary ranges from $110,000 to $120,000. It is not typical for offers to be made at or near the top of the range. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.
*Employment eligibility to work with BBVA in the U.S. is required as the company will not pursue visa sponsorship for these positions
