Trade & Working Capital Solutions: Structuring, Doc Trade Specialist - Global Transaction Banking (GTB) - Associate / Vice President

New York, United States of America

Role Description:

• Structuring, pricing, and execution of Doc trade transactions for SCIB clients of Santander US.
• Act as advisor, consultant, and first point of contact for clients structuring deals based on clients LC needs and managing a portfolio of clients across all sectors to meet their business needs.
• Engage in the legal document negotiation of new and existing transactions in the Doc Trade portfolio.
• Support the origination team to win mandates for the Doc Trade business by providing advices to meet the client's needs.
• Assist in the internal approval process with the risk department.
• Monitoring the MO activities while executing new LC issuances ensuring that the facilities are utilized.

Essential Functions/Responsibility Statements:

• Contribute to the creation and future development of the Santander's Doc Trade business capabilities.
• Grow business through developing new relationships and by maintaining and enhancing existing revenue streams.
• Coordinate stakeholders both internal (CDD, Compliance, Risks, Legal, IT, Compliance, Operations, etc.) and external (Legal firms, Insurers, brokers, etc.) to provide a best-in-class service and seamless end to end execution including the execution of the issuances of LCs handled by MO/Ops.
• Ensure understanding of the Bank's operating practices and governance and ensure these are followed in line with the guidelines.
• Provide pricing / market intelligence to transactions, ensuring transaction profitability in line with the Bank's capital models presenting to the relevant committees, where applicable.
• Perform first line of defense role for the bank across all risks: Financial/ Credit, Legal, Reputational, Regulatory, Compliance, etc.
• Reporting to senior management regarding the progress of the commercial agenda.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education:

• Bachelor's Degree, or equivalent degree and/or work experience, in Business, Finance, a related equivalent field.

Work Experience:

• 3+ years of experience in Doc. Trade business.

Skills and Abilities:

Essential

• Familiarity with Doc Trade rules including UCP, ISP and URDG and Uniform Commercial Code Art. 5.
• Experience with the legal execution and design of reimbursement agreements and/or other legal documentation.
• Familiarity with both EU and US banking regulation, particularly as it relates to corporate and financial institution exposures and risk-weighted asset calculations.
• Knowledge of credit risk evaluation techniques for both corporates and financial institutions.
• High motivation, proactivity, and accomplished business origination skills.
• High level of presentation and organizational skill.
• Understanding the competitive market and the role of technology within Trade Finance.
• Capability to develop relationships inside the organization to collaborate across geographical boundaries.
• English language proficiency.

Desirable

• Leveraged finance and Agencies guarantees (USDA, EXIM, etc.) experience.
• Additional languages (particularly Spanish).
• Previous exposure to operational Trade Finance areas (Middle Office, Back Office, Legal).
• Experience in the syndication of trade finance assets to buy-side investors.
• Certification of documentary credit specialist.

Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.

Santander 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, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.

English

Primary Location: New York, NY, Madison Ave Corp

Other Locations: New York-New York

Organization: Banco Santander S.A.

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Salary: $157,500 - $220,000/year