Vice President, Cash Processing/Funds Transfer Manager

BNY; Pittsburgh (Allegheny County); On-site; USD 120,000 - 160,000; Full time

Benefits offered by this job

401(k) plan

Medical, dental, vision insurance

Paid time off

Volunteer time off

Life insurance

Job summary

BNY is seeking a seasoned Trade Finance Operations leader to guide several client-facing teams across APAC, Frankfurt, and US. You will drive process improvements, oversee complex projects, and collaborate with Product and Relationship teams on strategic client solutions.

The role requires deep knowledge of LC, Standby LC, related regulations, and strong people leadership to recruit, train, coach, and develop staff while ensuring objectives are met.

Qualifications

• 4–7 years of experience in Trade Finance; 8–10 years total work experience; 2+ years in team management preferred.
• Experience with Letters of Credit, Document Examination, Standby LC, guarantees; familiarity with UCP, URDG, and ISP guidelines.
• Licenses/certifications as required; trade certifications (e.g., CDCS, CSDG) are an added advantage.
• Strong knowledge of Sanctions, AML, and Boycott guidelines relevant to Trade Finance.

Responsibilities

• Lead multiple Trade Finance Operations teams servicing clients from APAC, Frankfurt, and US locations; ensure quality support.
• Manage multiple transformational projects concurrently with various stakeholders.
• Drive best-practice approaches to streamline processes via workflow design and technology.
• Provide oversight on multiple projects; assist Product and Relationship teams with client-based solutions.
• Serve as escalation point for complex problems; mentor less experienced staff.
• Participate in risk and control committee; mitigate inherent and residual risks.
• Structure Letters of Credit or Standby LC/Guarantees with cross-functional collaboration.
• Provide comprehensive training on issuance, confirmation vetting, and document examination processes.

Skills

Team management

Project management

Process improvement

Stakeholder engagement

Training & coaching

Education

Bachelor's degree in Finance/Business

CFA/CPA preferred

Job description

Job Description

• Lead multiple Trade Finance Operations teams servicing clients from APAC, Frankfurt, and US locations, ensuring quality support in facilitating transactions and processes.
• Manage multiple transformational projects concurrently, working with various stakeholders.
• Drive best-practice approaches for streamlining and optimizing processes through workflow design and technology.
• Apply in-depth knowledge and expertise on service offerings, proactively assessing and resolving complex transaction issues.
• Provide oversight on multiple projects in parallel to help teams achieve business objectives.
• Participate in the risk and control committee, mitigating inherent and residual risks of the processes.
• Assist Product and Relationship teams with client-based solutions and strategic business cases, designing and providing technical training and creating process guides and manuals.
• Act as an escalation point for complex problems, guiding less experienced staff in resolution and crafting sustainable solutions.
• Achieve team and organizational goals, ensuring teams are equipped to operate and attain objectives. Manage human resources of the team, including recruitment, training, coaching, performance management, and career development; may also manage financial resources (budgets, expenses, etc.).
• Structure Letters of Credit or Standby LC/Guarantees in collaboration with Clients, Legal, Product, Risk & Compliance.
• Provide comprehensive training to the team on issuance, confirmation vetting, and document examination processes, developing a skilled workforce to meet client requirements and support business objectives.

Key Qualifications

• Bachelor's degree in Finance, Business Administration, or a related field. Advanced degree or professional certification (e.g., CFA, CPA) is preferred.
• Typically 4-7 years of experience; 8-10 years of total work experience in Trade Finance preferred, with at least 2 years in team management highly preferred.
• Experience with Letters of Credit, Document Examination, Standby LC, guarantees, and proficiency with UCP, URDG, and ISP guidelines.
• Applicable local/regional licenses or certifications as required; trade certifications (e.g., CDCS, CSDG) are an added advantage.
• Strong knowledge of Sanctions, Anti-Money Laundering (AML), and Boycott guidelines and their relevance to Trade Finance.

Benefits and Rewards

BNY offers a highly competitive compensation package, benefits, and well-being programs rooted in a culture of excellence. Compensation is based on market data and may include an annual discretionary incentive award. Eligible employees may enroll in a 401(k) plan and participate in company-sponsored medical, dental, vision, and basic life insurance plans.

Additional benefits include generous paid leave, paid volunteer time, and other paid time off benefits such as vacation and sick time, dependent on the position offered. Details of benefits participation will be provided upon offer.

BNY is an Equal Employment Opportunity/Affirmative Action Employer – Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.