About this role:
Wells Fargo is seeking a Trade Services Specialist - Letter of Credit Consultant within our Wholesale Lending Operations. Learn more about the career areas and business divisions at wellsfargojobs.com.
In this role, you will:
- Ensure customer satisfaction by providing consultative support services in the delivery of Imports, Banker's Acceptances, Collections, Standbys, Guarantees and reliable output of data
- Serve as liaison between the client, legal, beneficiary and International Trade Services Operations for non-standard language on Letter of Credit issues
- Review Documentary and Standby applications for completeness, check credit availability and ratings, and Applicant/Obligor on board status, and/or RM approvals prior to submission to ITS Ops for processing
- Record all Letter of Credit transactions for new/modifications/drawings/transfers/charges in our system of record
- Guide individuals on complex tasks of import LCs and Banker's Acceptance in accordance with standards
- Facilitate LC transfers from and to other lines of business within WF
- Handle LCs issued by participating banks who also serve as an LC issuer, reconciliations, and related activities.
- Assist leaders in training staff Trade transactions, procedures, and workflows
- Initiate client set ups on the CEO Trade platform and Party IDs for International Trade Services Ops system
- Remain compliant with all enterprise and departmental procedures and guidelines; comply with all SLAs, and maintain an accuracy level of at least 95%, minimize and/or eliminate errors and operational losses
- Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals.
- Receive direction from leaders and exercise independent judgement while developing the knowledge to understand function, policies, procedure, and compliance requirements
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- 2+ years of Trade Services experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- International trade experience
- Knowledge and understanding of Commercial Lending
- Basic knowledge of Standby Letters of Credit
- Accounting or finance experience
- Client management experience including experience managing client expectations and offering solutions
- Strong attention to detail and accuracy skills
- Strong organizational, multi-tasking, and prioritizing skills
- Ability to work in a fast-paced, deadline driven environment
- Excellent verbal, written, and interpersonal communication skills
- Strong time management skills and ability to meet deadlines
- Outstanding analytical and problem-solving skills
- Good Microsoft Office (Word, Excel, and Outlook) skills
- Knowledge of AFS and Loan IQ systems
- This role requires on-site training for the first two months in role
- Hybrid schedule will be available after training
- 5000 Riverside Rd Irving, TX 75039
Posting End Date:
19 May 2025
*Job posting may come down early due to volume of applicants.
We Value Equal Opportunity
Wells Fargo is an equal opportunity employer. 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.
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 Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
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.