Job Description
You are a strategic thinker passionate about driving solutions. You have found the right team.
As a Trade and Working Capital Senior Associate within the TTCM team, you will be responsible for working directly with both internal and external stakeholders, primarily in an advisory role. Your daily tasks will involve investigating and making decisions on escalated transactions due to various risk factors. You will offer technical advice to Trade Operations and internal partners on problematic trade transactions and new business opportunities. Additionally, you will lend your expertise to trade transformation projects as needed. This role demands a deep understanding of trade products and U.S. regulations, as well as the ability to analyze processes, identify areas for improvement, and persuade internal partners to implement changes. This position offers a unique opportunity to work in a complex, high-pressure, and highly regulated environment, supporting high-risk processes.
Job Responsibilities:
- Collaborate directly with internal partners and external clients, primarily in an advisory capacity, to investigate and make decisions on transaction escalations daily due to various risk promoters: Sanctions, Money Laundering, Boycott, Export Control, Fraud, complex terms, etc. Foster a strong team culture that promotes and grows DE&I values.
- Consult technically with Trade Operations and internal partners regarding problematic trade transactions and new business opportunities by making risk-mitigating recommendations and formulating the business's response/position.
- Identify, measure, control, and monitor Global Trade transaction risk for both internal business units and external corporate clients, limiting exposure due to risks such as human errors, transaction processing failures, and fraudulent activities.
- Interface with and influence internal partners supported by Global Trade Operations, including Product, Compliance, Risk, Legal, and Audit.
- Champion change specifically in the Global Trade Finance Risk and Controls environment.
- Provide subject matter expertise and advise on trade transformation projects when required, such as Digitization and Automation.
Required qualifications, capabilities and skills:
- Demonstrate extensive knowledge of trade products, including but not limited to commercial (import & export) and standby letters of credit, documentary collections, bank-to-bank reimbursements, supply chain finance, trade loans, and open account transactions.
- Exhibit expert-level knowledge of ICC Rules, particularly UCPDC, ISBP, URC, ISP, URR, along with a working knowledge of SWIFT rules for 400 and 700 series messages.
- You must have 8+ years of experience
- Must hold a Bachelor's degree or above
- Provide opinions on complex trade transactions, structure letters of credit, and opine on discrepancies in LC presentations.
- Apply technical expertise, with CAMS certification
- Possess expert knowledge of U.S. regulations such as BSA/AML, OFAC, Anti-Boycott, and Export Controls.
- Analyze processes, identify opportunities for improvement, and influence internal partners to implement changes.
- Operate effectively in a complex, high-pressure, highly regulated environment in support of high-risk processes.
About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
