Analyst, Lending Services Trade Finance

Job title: Analyst, Lending Services Trade Finance

Job description: Requisition ID: 134756

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Why work for Scotiabank?

Scotiabank is among the largest banks in the world and the most international bank in Canada. We are powered by our 97,000 high-performing teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services. Together with our Digital Factories around the world, we are dedicated to helping our 25 million customers become better-off.

This is a place where you’ll get to learn and develop your skills, while being recognized for your hard work. At Scotiabank, we’re passionate about bringing our whole selves to work, allowing us to create inclusive work environments for everyone to enjoy. Say hello to a career at Scotiabank!

Global Banking and Markets

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange, and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Purpose & Major Accountabilities

The incumbent is responsible for contributing to the overall Trade Services client experience by accurately and efficiently reviewing and processing all trade finance transactions in accordance with Bank policies and procedures, industry standards and regulations and established Service Level Agreements.

• Processing, reviewing, and releasing trade finance transactions related to Documentary Letter of Credit, Documentary Collections and Standby Letter of Credit/Guarantees in the T360.
• Determining processing priorities and organizing workload ensuring all urgent transactions are processed efficiently to deliver excellent customer experience and ensure SLA is met.
• For reviewing import and export letter of credit shipping documents, to use independent and sound judgement to eliminate operational and financial risks for the Bank. Thoroughly reviewing all shipping documents to ensure they are strictly compliant with the terms and conditions outlined in the LC and in compliance with applicable UCP rules.
• Ensuring transactions handled are in alignment with the Bank’s compliance policies and procedures.
• Identifying inherent compliance and documentary risks inherent in transactions for appropriate escalation.
• Responding promptly and expertly to client, internal partner and correspondent bank inquiries, issues, and complaints; developing workable solutions or escalating to Management as required.
• Building effective work relationships across the team and with various business line and corporate function contact.
• Act as back-up to other Trade Services Specialists as required.

Education/Work Experience

• Thorough and complete knowledge of the Uniform Customs and Practice for Documentary Credits, Uniform Rules for Collection, the Bills of Exchange Act, world shipping practices, International Law and customs relating to Letters of Credit and Canadian/Foreign customs and statutory requirements, SWIFT procedures and any other applicable trade finance rules and regulations.
• Conversant with trade related products, services and processes.
• Working knowledge of Bank’s business-related products and services.
• Working knowledge of the Bank’s Anti Money Laundering and compliance policies and procedures.
• Proficiency in computer applications related to Trade Finance, Microsoft Office and Adobe.
• Able to solve basic computer related issues/problems.
• Practical trade finance processing experience.
• Preferably a Certified Documentary Credit Specialist (CDCS).
• Knowledge of Documentary Collections processing, ICC600, URR525, Inco Terms, ISP 98 Trade Product Folios.
• Professional written and verbal communication skills.
• Ability to work under pressure, prioritize and work independently.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: ”for every future”, we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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