Trade Finance Product

Main responsibilities

Assist the Execution & Delivery team to service, monitor and maintain Global Transaction Banking Americas (GTBA) New York's trade finance portfolio in support of North American Banking (NAB) and other business unit clients.

• Keep track of outstandings and collateral.
• Liaise with correspondent global financial institutions.
• Assist structuring of documentary and standby letters of credit including back-to-back SBLCs and Bank Guarantees and letter of credit confirmations.
• Absorb documentation with clients, correspondent banks and our branches in conjunction with Legal Unit.

Role And Responsibilities

To be one of GTBA's primary points of contact for inquiries regarding trade finance products, including but not limited to Letter of Credit issuances, LC confirmations, Forfaiting and L/G Risk Participations.

• Act as a secondary contact for Supply Chain Finance, receivable purchasing (Invoice Discount Finance) and Trade Loans.
• Assist in the promotion, origination, structuring, negotiating and execution of the above products and others, as needed.
• Coordinate and cooperate with colleagues in other divisions for marketing, credit applications, administration and execution of deals.

Promotion, Origination, Structuring, Negotiating and Execution

• Pursue any necessary research and basic analytics with regard to risk analysis, financial statement analysis and cash flow modeling, if required for assessing the risk of the products noted above, and/or with relation to Trade Finance clients.
• Assist the corporate banking departments as needed in the preparation of credit applications and other internal documents as well as obtaining appropriate internal approvals in a timely manner for transactions to be pursued, including customer registration, KYC, credit rating and other system registrations required in preparing credit applications.

Collaboration Across Teams

• Work collaboratively across teams, including but not limited to Sales, Credit, Legal, Compliance and Operations.

Documentary and Standby Letters of Credit

• Absorb drafting/reviewing of Documentary and Standby Letters of Credit and preparation of LC applications.

Loan and Letter of Credit Activity

• Prepare and maintain outstanding Loan and Letter of Credit activity reports.

Marketing of Letters of Credit and Other Trade Finance Products

• Absorb the marketing of Letters of Credit and other trade finance products.

Negotiation of Letter of Credit Reimbursement Agreements

• Absorb the negotiation of Letter of Credit Reimbursement Agreements.

Experience/Qualifications

• Bachelor’s Degree (business administration, finance); Minimum 5 years of experience in Trade Finance products and flows, specifically Standby Letters of Credit (Trade, Performance, Advance Payment, Bid) and participations, Bank Guarantees, Documentary Letters of Credit and other Contract Bonds;
• Good knowledge of UCP600, ISP98 and URDG 758;
• Experience working with Front Office interfacing with corporate clients;
• Ability to acquire a basic understanding of Credit Risk Analysis and Financial Statement Analysis;
• Negotiating experience with related parties with SBLC/BGs texts and related agreements;
• Structuring experience to optimize SBLC/BG back-to-back issuances for client requirements;
• Proficient in MS Word and MS Excel.

Other Requirements

• Mizuho has in place a hybrid working program, with varying opportunities for remote work depending on the nature of the role, needs of your department, as well as local laws and regulatory obligations.
• Roles in some of our departments have greater in-office requirements that will be communicated to you as part of the recruitment process.

Company Overview

Mizuho Financial Group, Inc. is the 15th largest bank in the world as measured by total assets of ~$2 trillion. Mizuho's 60,000 employees worldwide offer comprehensive financial services to clients in 35 countries and 800 offices throughout the Americas, EMEA and Asia. Mizuho Americas is a leading provider of corporate and investment banking services to clients in the US, Canada, and Latin America. Through its acquisition of Greenhill, Mizuho provides M&A, restructuring and private capital advisory capabilities across Americas, Europe and Asia. Mizuho Americas employs approximately 3,500 professionals, and its capabilities span corporate and investment banking, capital markets, equity and fixed income sales & trading, derivatives, FX, custody and research. Visit www.mizuhoamericas.com. Mizuho Americas offers a competitive total rewards package. We are an EEO/AA Employer - M/F/Disability/Veteran. We participate in the E-Verify program. We maintain a drug-free workplace and reserve the right to require pre- and post-hire drug testing as permitted by applicable law.