MUFG Union Bank SCF Operations Specialist in Tempe, Arizona
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. Across the globe, we’re 180,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.
Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
This is a hybrid position. There are flexible work from home options available. A member of our recruitment team will discuss the options with you in more detail.
We're seeking a Trade Service Operations Specialist to process transactions related to Commercial Letters of Credit in Trade 360 System, which includes: (a) issuance (b) amendment (c) advice (d) confirmation (e) transfer (f) assignment (g) US compliance regulation checks/data entry and (h) acceptances/payments, Reimbursement claims. You will be assigned to the following Functions: 1. LC Documents Registration (2) Transaction Processing, (3) Transaction Control, and (4) Investigation. Responsibilities: Document Registration/Reimbursement Authorization Set up: - Register incoming Letter of Credit documents/claims and reconcile against mailroom log the same day and reconcile against the System Queues and BO Reports. - Prepare cover letters to outgoing shipping documents and ensuring all endorsements reconciled against courier log. - Register and reconcile all incoming reimbursement authorizations and claims received from Mail Room and proper data entries are made in the System. - Perform compliance checks for OFAC, EAR, Anti-boycott, BSA AML and JFEL (Japanese Foreign Exchange Laws) /Red flags/vessels/shipping lines/ports/country violations relating to trade finance documents/claims/transactions. Transaction Processing in Trade 360 System: - Prepare cables to issuing or negotiation bank (a) requesting a waiver for discrepancies, or (b) notifying status of discrepant documents. Or (c) Reimbursement claim processing/ investigations. - Perform required follow-up activities ensuring identified issues are resolved within prescribed timeframes. Transaction Control: - Contact the customers, obtaining the necessary instruction for pending discrepant documents. - Provide the supervisor or account officers with the status of long-pending items. Investigation: Respond to inquiries received from customers/relationship managers and issuing/negotiating banks regarding pending documents/transactions.
The right candidate will have: - 1-2 years LC/Trade Finance or banking experience - Training or certificates of completion of compliance training or experience in US compliance regulations - Knowledge of import and export, compliance and or international trade operations or payments experience (CHIPS/FED) and knowledge of SWIFT is a plus - High school diploma or G.E.D, with some college-level courses or degree
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
Some MUFG roles require that individuals be fully vaccinated against COVID-19, subject to exemptions for medical or religious reasons, as well as any other reason required by applicable law or order. Should you be selected for an interview, your recruiter will provide additional information.
At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!
Our Culture Principles
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute