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Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 20 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Market Job Description Responsibilities:
Examines documents drawn under import/export Letters of Credit, to determine compliance with the terms and conditions of the LC, in addition to being in compliance with UCP/URR latest version, Communicates discrepancies back to customers using appropriate verbiage
Reports irregular items/terms to leadership immediately, e.g. documents quoting restricted countries, OFAC related parties, suspicious goods, boycott related language or transaction flows.
Conduct operational risks reviews through Business Self Assessment process
Remains current with all trade related rules and regulations and with internal compliance training requirements.
Keep abreast of the latest changes on the commercial law/government regulations
Responsible for staff coaching and development
Assist Team Head to supervise a team of Trade Operations profession in carrying out document examinations on all import and export L/C documents and ensure smooth running of the daily operations and processing all import/export bills documents in compliance with the commercial law/government regulations, e.g. OFAC, UCP600, URC 522
Accountable for upholding company vision and values statement
Identify and raise risk, control etc. issues in a responsible and timely manner
Market Skills and Certifications
College degree or above with minimum 3-4 years' bills checking, Letter of Credit reviewing and releasing experience
Thorough knowledge of commercial law and government regulations governing import and export bills e.g. OFAC, UCP600, URC 522
Excellent knowledge of commercial rules UCP/URR/URC latest versions and government regulations governing import and export transactions.
Strong knowledge of compliance, particularly BSA/AML, OFAC etc.,
Familiar with computerized banking facilities in preparing bills documents to customers
Able to work on APAC country holidays during working week Mondays to Fridays
CDCS Certification is highly desirable.
Good command of spoken and written English
Strong communication skills
Capable of working independently
Strong team player and willing to learn
Well versed in MS Word, Excel and PowerPoint
Candidate with less experience will be considered as Trade Documentary Specialist
Abbreviations OFAC - Office of Foreign Assets Control UCP - The Uniform Customs and Practice for Documentary Credits URR - Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits URC - Uniform Rules for Collections CDCS - Certified Documentary Credit Specialist AML - Anti-Money Laundering BSA - Bank Secrecy Act
We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
Team members support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.