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Trade Finance Execution & Delivery

AT Mizuho
Mizuho

Trade Finance Execution & Delivery

New York, NY

Main responsibilities will be to 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 B ank Guarantees and letter of credit confirmations , assist in negotiating documentation with clients, correspondent banks and our branches in conjunction with Legal Unit .

This position also requires assisting the T rade F inance account officers with the processing and monitoring of the LC portfolio activity, daily operations, pricing models and Return on Risk Assets (RORA) schedules, and assisting with the processing of L oan s and L etter s of C redit activity as needed.

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Role a nd Responsibilities :

  • To be one of GTBA's primary points of contact for enquiries with regard to basic trade finance products of Letter of Credit issuances, L C confirmations, Forfaiting and L/G Risk Participations, and a secondary contact for Supply Chain Finance, receivable purchasing (Invoice Discount Finance) and Payment Guarantee products. Assist in the promotion, origination, structuring, negotiating and execution of the above Letter of Credit products, and as needed, the other trade finance products.

  • Coordinate and cooperate with colleagues in other divisions for marketing, credit applications, administration and execution of deals.

  • 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 T rade F inance 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.

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

  • Assist Corporate and FI Clients , R elationship M anagers and Sales /Structuring team in drafting /reviewing of Documentary and Standby Letters of Credit and preparation of LC applications.

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

  • Assist Relationship Managers in the marketing of Letters of Credit and other trade finance products .

  • Assist as needed in negotiating Letter of Credit Reimbursement Agreements.

Experience/qualifications:

  • Bachelor's Degree (business administration , finance);

  • Minimum 3 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;

  • Trade finance expertise ( good knowledge of UCP600, ISP98 and URDG 758) ;

  • Experience working with Front Office interfacing with c orporate c lients;

  • 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 . Must have the ability to learn other bank systems, as needed;

  • Very good written and verbal communication skills ;

  • Empathy and a genuine concern for others, listening skills ; and

  • Detail oriented, flexible, team player .

The expected base salary ranges from $115,000 - $145,000. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.

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.

#LI-MIZUHO

Client-provided location(s): New York, NY, USA
Job ID: Mizuho-R5683
Employment Type: Full Time