What are the responsibilities and job description for the International Operations Specialist position at Ocean Bank?
The International Operations Specialist in the International Department’s operations area performs functions such as SWIFT, reviewing of foreign currency-denominated wire transfers, letters of credit of all types, collections of all types, bankers’ acceptances, and discounted acceptances.
Responsibilities
Conducts screening of all documents, including trade finance documents for compliance with OFAC, AML, BSA and other applicable US laws, rules, and regulations. Complies with OFAC, AML, BSA and other applicable US laws, rules, and regulations.
Letters of Credit – assists customers and Relationship Managers to create the details for the content of the letter of credit and assist in the completion of the Letter of Credit applications. Ensures documents are in compliance with the Letter of Credit rules. Processes amendments, transfers under a Letter of Credit, assignment of proceeds, acceptances, and letters of indemnity. Invoices the fees and commissions for letters of credit.
SWIFT – creates and sends SWIFT messages related to all international operations products. Assists customers and Relationship Managers process incoming and outgoing documents (such as Commercial Invoice, Bill of Lading, Certificate of Origin, Insurance Certificate, Certificate of Analysis, Certificate of Quality, Customs Invoice, etc.) and cleans collections. Inputs collections into the bank’s trade finance application, traces outstanding collections and processes payments and acceptances. Ensures compliance with OFAC, AML and other interdiction related laws and regulations, Florida Statutes 674, et al., Uniform Rules for Collections (URC522)
Foreign Exchange – reviews foreign currency-denominated request for completeness and OFAC, AML compliance. Obtains the rate of exchange from PCBB when the Foreign Currency wire is over USD100,000. Inputs and processes transactions to record debits and credits to customers’ accounts and general ledger accounts.
Qualifications
In this role you can work hybrid from Miami, Florida, United States
Responsibilities
Conducts screening of all documents, including trade finance documents for compliance with OFAC, AML, BSA and other applicable US laws, rules, and regulations. Complies with OFAC, AML, BSA and other applicable US laws, rules, and regulations.
Letters of Credit – assists customers and Relationship Managers to create the details for the content of the letter of credit and assist in the completion of the Letter of Credit applications. Ensures documents are in compliance with the Letter of Credit rules. Processes amendments, transfers under a Letter of Credit, assignment of proceeds, acceptances, and letters of indemnity. Invoices the fees and commissions for letters of credit.
SWIFT – creates and sends SWIFT messages related to all international operations products. Assists customers and Relationship Managers process incoming and outgoing documents (such as Commercial Invoice, Bill of Lading, Certificate of Origin, Insurance Certificate, Certificate of Analysis, Certificate of Quality, Customs Invoice, etc.) and cleans collections. Inputs collections into the bank’s trade finance application, traces outstanding collections and processes payments and acceptances. Ensures compliance with OFAC, AML and other interdiction related laws and regulations, Florida Statutes 674, et al., Uniform Rules for Collections (URC522)
Foreign Exchange – reviews foreign currency-denominated request for completeness and OFAC, AML compliance. Obtains the rate of exchange from PCBB when the Foreign Currency wire is over USD100,000. Inputs and processes transactions to record debits and credits to customers’ accounts and general ledger accounts.
Qualifications
- High school diploma or equivalent and three (3) years of Letters of Credit Experience required.
- Working knowledge in collections and foreign exchange is preferred.
- Must be knowledgeable of Letters of Credits customs and practice, Florida Statutes 673, 674, 675, et al., Uniform Customs and Practice for Documentary Credits (“UCP”), International Standby Practices (“ISP98”), International Standard Banking Practice (“ISBP”).
- Must possess good mathematical abilities to calculate foreign rates of exchange, agio (margins) and income thereof using percentages with up to four decimal spaces, when necessary.
- Must be detailed-oriented and accurate in a multitask-oriented, deadline mandated environment.
- Must have excellent workflow management skills, organizational, customer service, interpersonal, written, and verbal communication skills. Bilingual (English/Spanish) required.
- Proficient in MS Office Software (e.g. Excel, Word and Outlook).
- SWIFT knowledge a plus. SWIFT training and or courses a plus
- Experience with trade finance software a plus.
- Experience in trade finance OFAC and AML compliance is a plus.
- CFT courses in Principles of Banking, Money and Banking, Letters of Credit, foreign exchange, and other business and banking courses and or seminars are a plus.
In this role you can work hybrid from Miami, Florida, United States
Salary : $41,000 - $51,900
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