Team Lead, Operations Trade Finance
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Overview
Remote
On-site
Compensation
$100,000-$140,000/year
Job Description
Title: Team Lead, Operations Trade FinanceOffice Status: Hybrid New York, NYBase Salary: $100k - $140k + bonusABOUT THE ROLEThis is a Trade Finance Operations Manager opportunity at a well-established financial institution, offering full oversight of a four-person team responsible for processing all trade finance transactions across standby and commercial letters of credit, documentary collections, and bank-to-bank reimbursements. The role is opening due to a long-tenured team member's retirement presenting an excellent opportunity for an experienced trade finance professional to step into a stable, well-structured team and bring their own leadership style and expertise to a high-functioning operations group. It's an ideal fit for a hands-on trade finance manager who combines deep product knowledge with strong team leadership and a commitment to accuracy, compliance, and client service.RESPONSIBILITIES
- Manage and lead a team of 4 direct reports, overseeing the end-to-end processing of all trade finance transactions in accordance with applicable rules including UCP, ISP, and URC as well as all relevant compliance regulations
- Review and release new Standby Letters of Credit and amendments;manage customer billings and ensure follow-up through final settlement
- Review and release Import and Export Letter of Credit issuances and amendment advices;perform second examination of shipping documents for Import LCs;review and release payments and acceptances
- Review and release outward documentary collections including associated payments and acceptances
- Review and release bank-to-bank reimbursement authorizations, irrevocable reimbursement undertakings, and claims
- Perform daily monitoring of accounts payable and receivable as well as suspense accounts;complete required monthly reconciliations
- Ensure compliance due diligence and reporting requirements are met across all trade finance activities
- Provide operational support to the front office and conduct investigations into transaction discrepancies or exceptions as needed
- Maintain high standards of accuracy, timeliness, and regulatory adherence across all team deliverables
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FAQs About Team Lead, Operations Trade Finance Jobs at Madison-Davis
What is the work location for this position at Madison-Davis?
This job at Madison-Davis is located in New York, NY, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Madison-Davis?
Candidates can expect a pay range of $100,000 and $140,000 per year.
What employment applies to this position at Madison-Davis?
The employer has not provided this information. This may be discussed during the hiring process.
What is the process to apply for this position at Madison-Davis?
You can apply for this role at Madison-Davis either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.