International Trade Product Risk and Compliance Manager -- El Segundo
International Trade Services (TIS) is responsible for processing International Trade and Standby Letters of Credit for a multi-state bank. The ITS team of more than forty international professionals strives to provide superior service to support our customers' specialized and unique industries. The role of the Product Risk and Compliance Manager is designed to provide guidance, support and creative solutions for relationship officers and their clients. The success of ITS is dependent on this role, as it is critical for the identification and mitigation of risk for the bank and its customers.
Position Core Values
Successful incumbents have strong Customer-centricity, are Collaborative, have high Integrity, strive for Excellence, are Agile, promote Diversity and are involved in our community.
* Consult with internal and external clients on risk, international rules of practice or compliance related issues. * Provide training and coaching to ITS team and team leaders on risk issues, regulatory updates, and industry trends. * Review, analyze and process complicated international trade and letters of credit. * Verify and Release Transactions. * Develop procedures and job aides to ensure compliance with regulatory requirements.
* Identify risks and develop solutions for department and bank to mitigate risk related to international trade and letters credit * Manage the Compliance Team functions which include denied party entry and denied party review. This also includes disposition of OFAC issues to ensure timely escalation or resolution for processing within service level expectations. * Coordinate audit activities, reviewing/gathering documentation, responding to and tracking issues to closure. * Coordinate risk activities, gathering information, completing surveys/assessments, creating and managing actions plans. * Develop self-tests to monitor for compliance to regulatory requirements and adherence to international rules of practice. * Create and update compliance procedures for ITS, following the procedure governance process
* Lead or participate in key projects to achieve corporate or departmental objectives.
Travel Travel is not required of this position.
* Bachelor's Degree business, finance or other business field of study * 10 years International banking experience * Certified Documentary Credit Specialist (CDCS) or candidate will obtain the CDCS within 24 months of date of hire. * 3 years' database entry experience * 3 years' analytical experience * 3 years using Microsoft Software -- Excel, Word, Power Point, and Visio * 2 years' supervisory experience
Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled