Trade Service Associate

About this role:

Wells Fargo is seeking a Trade Services Associate as part of the US Commercial Trade Operations department in Commercial Banking. Learn more about the career areas and lines of business at wellsfargojobs.com.

The Trade Services Associate in Minneapolis Trade Operations is responsible for servicing Wells Fargo's strategic CIB and CB clients. The team's primary functions include document examination of complex and high dollar value Export Letters of Credit presentations, handling complex trade financing activities, and processing across several operations systems. This role will service the TradeAccelerate model and TradeAccelerate Hybrid model, whereby examination processing is supported overseas but the Minneapolis team owns the client service responsibilities. The team also handles new products and Swift Trade Loans that requires a significant amount of attention to swifts, requirement reviews, and constant communication with internal customers. The role requires providing customer-facing support and handling the outbound logistics of export LC documents destined for overseas banks. As a key escalation point for internal and external customers, this role performs a critical function mitigating risk to the bank and our customers, providing guidance and direction on matters pertaining to global sanctions, anti-boycott, and trade regulations. The role reports to the Manager of the Minneapolis Trade Accelerate team within Wells Fargo's US Commercial Trade Operations.

In this role, you will:

• Provide support in retention of existing clients and referral of international banking issues within trade services
• Issue, advise and direct collections in accordance with Trade Services standards
• Amend letters of credit and process documentation
• Identify opportunities for growth opportunity through client referrals
• Receive direction from leadership while developing understanding of trade services, policies, and procedures
• Process complex letters of credit documentation
• Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals

Required Qualifications:

• 6+ months of Trade Services experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• 3+ years of international trade experience or equivalent
• Knowledge and understanding of wholesale lending products such as letters of credit, leases, and traded products
• Knowledge and understanding of international trade operations
• CDCS (Certified Documentary Credit Specialist) Certification Preferred
• Strong attention to detail and accuracy skills
• Strong organizational, multi-tasking, and prioritizing skills
• Strong analytical skills and outstanding problem-solving skills
• Customer service focus with experience actively listening, eliciting information, comprehending customer issues/needs, and recommending solutions
• Ability to work in a fast-paced deadline driven environment
• Ability to work independently and in a team environment
• Excellent verbal, written, and interpersonal communication skills
• Intermediate Microsoft Office (Word, Excel, and Outlook) skills
• Ability to navigate multiple computer systems, applications, and utilize search tools to find information
• Fast and accurate keying skills

Job Expectations:

• Hybrid schedule, during training will be required to be FT in office
• Must be available to work Monday through Friday between the hours of 8:00 am to 6:00 pm. Hours may change due to business needs.
• Ability to work additional hours as needed.
• Team members are expected to perform at high quality levels and thrive in a teamwork-driven role.

Location:

• 600 S 4th St, Minneapolis MN

Other details:

• Position location listed above.
• Relocation assistance is not available for this position.
• Visa Sponsorship not available for this position

Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$55,300.00 - $98,300.00
Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

Posting End Date:
9 Apr 2025
* Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees 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.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.