Trade Finance Analyst

Axelon Services Corporation; Montreal; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading financial services company is seeking a Trade Finance Specialist to manage the review and processing of Standby Letters of Credit and associated tasks. The ideal candidate will ensure compliance with trade regulations while providing excellent customer service. This position requires strong experience in Letters of Credit and solid negotiation skills, offering a dynamic and fast-paced work environment.

Qualifications

• Experience in handling Standby Letters of Credit.
• Knowledge of AML and OFAC compliance regulations.
• Ability to work in fast-paced environments with quick turnaround times.

Responsibilities

• Review, vet, draft, and process SBLCs and guarantees.
• Ensure compliance with internal procedures and regulations.
• Address and resolve routine inquiries promptly.

Skills

Experience with Letters of Credit

Knowledge of UCP and compliance regulations

Fluency in English

Customer service orientation

Negotiation and problem-solving skills

Tools

Microsoft Word

Microsoft Excel

Job description

Responsible for the review, vetting, drafting, and processing of Standby Letters of Credit (SBLC), Guarantee language (including Bid / Performance Bonds and Letters of Indemnity), and Import & Export Documentary credits and collections. This also involves discussions with internal/external counsel and Trade Finance Advisors.

ROLES and RESPONSIBILITIES

• Review, vet, draft, and process SBLCs, guarantees, and documentary credits, including related amendments, advising, confirming, and examining documents.
• Handle payments, SBLC automatic reductions (Evergreen), auto-extensions, fee and expense processing, billing, unfunded risk participations, and prepare general ledger batch files and reconciliations.
• Address routine inquiries promptly and resolve issues where possible.
• Ensure compliance with internal procedures and external regulations or guidelines.

MISSION

• Stay current with Trade Finance guidelines and legal requirements through publications, training, and on-the-job learning. Ensure work complies with these standards.
• Share technical knowledge to add value to the department.
• Use available tools to process work efficiently and communicate potential issues to management.
• Respond timely to inquiries from clients, escalate problems, and seek clarification when needed.
• Adhere to internal and external deadlines, including notifications to clients.
• Perform ad-hoc tasks as directed by team leaders or managers.

REQUIRED SKILLS AND COMPETENCIES

• Experience with Letters of Credit and knowledge of UCP, ISP, UCP, and URDG standards.
• Understanding of AML and OFAC compliance regulations.
• Familiarity with bank accounting systems is a plus.
• Fluent in English; Spanish skills are a plus.
• Experience in the Energy & Commodities sector is a plus.
• Proficiency in Microsoft Word and Excel.
• System-oriented with attention to detail and quality.
• Customer service orientation.
• Ability to work in a fast-paced environment with quick turnaround times.
• Negotiation, problem-solving, and analytical skills.
• Ability to work flexible hours, including weekends and holidays if necessary.