International Trade Services Operations Officer
Key Responsibilities
- Perform end-to-end processing of trade finance transactions, including input, review, and transaction release/authorization
- Manage the lifecycle of trade products (Commercial Letters of credit (Import/Export), Standby Letters of Credit (SBLCs), Transferable Letters of Credit, Documentary Collections, Shipping Guarantees and Trade-related financing)
- Examine documents for compliance with credit terms, and applicable rules and regulations
- Issuance, advising, amendment, and negotiation of LCs in compliance with UCP 600/ISP98 and regulatory guidelines
- Collaborate with internal teams (e.g., Relationship Managers, Compliance) and external stakeholders (banks, clients) to resolve
- Ensure all transactions are processed accurately and within established service level agreements
- Adhere to all internal policies and procedures and regulatory requirements, including OFAC, AML, BSA, and Anti-boycott regulations
- Proactively identify, escalate, and mitigate risks while maintaining a robust control environment
- Independently address complex issues with creativity and sound judgment
Qualifications
- Bachelor’s degree or equivalent experience preferred
- Minimum 5+ years of experience in trade finance, with a proven track record in LCs and related products
- Expert knowledge of ICC rules (UCP 600, URR 725, ISP98, URC 522) and regulatory frameworks (OFAC, AML, BSA)
- Strong knowledge of SWIFT messaging standards
- Critical and strategic thinker; long-term strategic focus
- Excellent attention to detail and ability to manage multiple priorities
- Excellent verbal/written communication; ability to interact with some mid-level management
- Proficiency in Microsoft Office (Excel, Word, PowerPoint)
- Experience with Trade Processing systems
- Strong analytical, problem-solving, and organization skills
What's in It for You?
- Starting base salary: $44.87 - $55.19 per hour
- Eligible for bonus and/or commissions
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
About Us
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
City National Bank
Fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.