Jobs · Finance · Massachusetts

Trade Finance Manager

Beacon Bank · Pittsfield, MA · 1 wk ago
Finance$80k–$148k/yrFull-time

Purpose/Objective

The Trade Finance Manager is responsible for leading the bank’s trade finance unit. This role drives business growth, manages the credit risk portfolio of trade products, ensures regulatory compliance, and works closely with the bank’s Trade Finance Specialist(s) to deliver seamless trade services to corporate and institutional clients.

Key Accountabilities

  • Manage the daily operations, workflow, and performance of the Trade Finance team.
  • Approve trade finance facilities, structure complex client transactions, and mitigate credit, country, and foreign exchange risks.
  • Partner with Relationship Managers to pitch trade products to prospective clients when necessary.
  • Absess, develop, and implement policies and procedures to optimize the Trade Services activity across the institution.
  • Act as the primary escalation point for complex Anti-Money Laundering (AML), Sanctions, and Know-Your-Customer (KYC) screening compliance.
  • Oversee relationship management with trade platforms, correspondent banks, and internal IT to optimize transaction systems.
  • Train and oversee staff on Letters of Credit (L/Cs), Standby L/Cs, and Bank Guarantees; and on reviewing complex shipping documents (Invoices, Bills of Lading, Certificates of Origin) against L/C terms to identify and resolve discrepancies.
  • Review settlement of trades and reconciliation of client and institution accounts to ensure timely and accurate processing.
  • Ensure compliance with International Chamber of Commerce (ICC) guidelines, internal policies, and regulatory standards to minimize risk to the bank while delivering accurate and timely service to customers.

Education

  • Bachelor’s Degree in Finance, Economics, International Business or related field.
  • Master’s Degree preferred.

Experience

  • 6+ years’ experience in trade finance operations.
  • At least 2 years in a supervisory or managerial role within a commercial bank or other financial institution.

Skills & Knowledge

  • Exceptional attention to detail.
  • Solid understanding and application of Uniform Customs and Practice for Documentary Credits.
  • Strong knowledge of Incoterms 2020.
  • Strong verbal and written communication skills.
  • Excellent customer service skills.
  • Familiarity and/or proficiency with banking systems and trade finance platforms.

Pay

Salary Range: $80,083 - $147,544. Salary range updated 4/10/2026. Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.

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