NAM Trade P&R Analyst 2

Now that you have some on trade documentary solutions, you might be considering on taking additional challenges that will help you to have deeper understanding of the transactional universe. If this is the career path you are looking to have, we have a striking proposal.

We are looking for analysts with understanding in LC’s related instruments but looking to process bills & trade payments and bank to bank reimbursements. Basically, as a Payments and Reimbursements Analyst 2, you will have the following responsibilities:

• Support team leader activities for a group of 3-5 FTEs.
• Authorize transactions based on the corresponding guidelines.
• Process of day-to-day transactions, according to local operating procedures.
• Ensure that the authorized transactions have the sufficient control measures to prevent, financial, reputational, and operational risks.
• Seek for improvement initiatives that allow to enhance existing processes.
• Monitor various queues for incoming transactions and ensure they are actioned promptly as per SLA.
• Ensuring Nostro, Suspense, Inter-Branch and other related accounts are in order
• Ensuring internal recon activities are performed on a timely manner.
• Able to understand, comprehend and deliver customer requirements effectively and on a timely manner.
• Handle customer / bank queries pertaining to all trade products via SWIFT.
• Ensuring the compliance of transactions to the US regulations policies and procedures.
• Liaising with internal teams to effectively deliver customer requirement.
• Develop cordial relationships with all stakeholders, guaranteeing excellent customer service both internal and external.
• Identify process gaps and work on building controls.
• Preparation of daily / weekly/ monthly reports and providing them as per the requirement.
• Support/ participate in new or ongoing projects and ensure smooth cut over with minimized risks – internal and external.
• Ensure the team implements best practices to meet SLA and accuracy targets.
• Track defects and productivity to monitor team’s performance.

Risk and Control

• Adhere to internal policies to ensure compliance with legal parameters as well as company policies and procedures
• Support training for new team members. Ensure topics and parallel run are planned and delivered with no issues.
• Maintain performance metrics to track defects, productivity. 
• Assist unit for audit preparation and necessary actions for clean audit results.
• Responsibility to ensure smooth, error free process flow
• Maintain awareness of product changes and system enhancements

Qualifications:

• Fluent in English.
• 2-4 years or professional experience on financial institutions, in functions related to payments and reimbursements.
• Team management experience desirable.
• Industry knowledge of the different artifacts considered in incoming and outgoing transactions.
• Thorough understanding of rules and regulations that apply to letters of credit (UCP600, ISP98, etc).
• Strong problem solving and/or analytical skills
• Excellent communication skills.

Education

• Bachelor’s degree/University degree or equivalent experience
• Master’s degree considered a plus.

Business Overview

NAM Trade Services is a key unit within the Global Trade Operations, with servicing responsibilities for a group of several trade products (documentary LC, and Standby LC families), supporting several Citigroup businesses.  Global Trade Operation offers world-class trade services in over 70 markets around the globe. The Organization provides our corporate and FI clients with transaction preparation, processing and customer service.  

Now that you have some on trade documentary solutions, you might be considering on taking additional challenges that will help you to have deeper understanding of the transactional universe. If this is the career path you are looking to have, we have a striking proposal.

We are looking for analysts with understanding in LC’s related instruments but looking to process bills & trade payments and bank to bank reimbursements. Basically, as a Payments and Reimbursements Analyst 2, you will have the following responsibilities:

• Support team leader activities for a group of 3-5 FTEs.
• Authorize transactions based on the corresponding guidelines.
• Process of day-to-day transactions, according to local operating procedures.
• Ensure that the authorized transactions have the sufficient control measures to prevent, financial, reputational, and operational risks.
• Seek for improvement initiatives that allow to enhance existing processes.
• Monitor various queues for incoming transactions and ensure they are actioned promptly as per SLA.
• Ensuring Nostro, Suspense, Inter-Branch and other related accounts are in order
• Ensuring internal recon activities are performed on a timely manner.
• Able to understand, comprehend and deliver customer requirements effectively and on a timely manner.
• Handle customer / bank queries pertaining to all trade products via SWIFT.
• Ensuring the compliance of transactions to the US regulations policies and procedures.
• Liaising with internal teams to effectively deliver customer requirement.
• Develop cordial relationships with all stakeholders, guaranteeing excellent customer service both internal and external.
• Identify process gaps and work on building controls.
• Preparation of daily / weekly/ monthly reports and providing them as per the requirement.
• Support/ participate in new or ongoing projects and ensure smooth cut over with minimized risks – internal and external.
• Ensure the team implements best practices to meet SLA and accuracy targets.
• Track defects and productivity to monitor team’s performance.

Risk and Control

• Adhere to internal policies to ensure compliance with legal parameters as well as company policies and procedures
• Support training for new team members. Ensure topics and parallel run are planned and delivered with no issues.
• Maintain performance metrics to track defects, productivity. 
• Assist unit for audit preparation and necessary actions for clean audit results.
• Responsibility to ensure smooth, error free process flow
• Maintain awareness of product changes and system enhancements

Qualifications:

• Fluent in English.
• 2-4 years or professional experience on financial institutions, in functions related to payments and reimbursements.
• Team management experience desirable.
• Industry knowledge of the different artifacts considered in incoming and outgoing transactions.
• Thorough understanding of rules and regulations that apply to letters of credit (UCP600, ISP98, etc).
• Strong problem solving and/or analytical skills
• Excellent communication skills.

Education

• Bachelor’s degree/University degree or equivalent experience
• Master’s degree considered a plus.

Business Overview

NAM Trade Services is a key unit within the Global Trade Operations, with servicing responsibilities for a group of several trade products (documentary LC, and Standby LC families), supporting several Citigroup businesses.  Global Trade Operation offers world-class trade services in over 70 markets around the globe. The Organization provides our corporate and FI clients with transaction preparation, processing and customer service.  

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