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Wells Fargo Senior Trade Services Specialist Operations Compliance United States, Minnesota, Minneapolis 177345934
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In this role, you will:
- Mitigate risk to the bank and the customer to ensure customer satisfaction by processing Letter of Credits
- Review complex reformatting, drafting, advising and amending standby letters of credit that require an in depth evaluation of variable factors
- Provide recommendations on existing policies, practices, and procedures
- Perform moderately complex letter of credit structure, documentation, governing rules, internal policies and credit risk implications
- Utilize overall understanding of rules and regulations, governing letter of credit products with a full working knowledge of standby letters of credit
- Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
Required Qualifications:
- 4+ years of Trade Services experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
- 4+ years experience with Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), Sanctions and Anti-boycott policies and procedures, and demonstrates an ability to understand and consistently adhere to procedures related to these subjects
- Certified Documentary Credit Specialist (CDCS) Certification
- In-depth knowledge of Uniform Customs and Practice for Documentary Credits (UCP), International Standard Banking Practice for the Examination of Documents (ISBP), Uniform Rules for Collections (URC) and other International Chamber of Commerce (ICC) publications.
- Experience and/or ability to provide training and support to internal teams on trade operations and compliance
- Certified Anti Money Laundering Specialist (CAMS) or Association of Certified Anti-Money Laundering Specialists (ACAMS) Trade Based Money Laundering Certificate
- Experience resolving red flag issues that arise during transactions processing relating to trade finance products including but not limited to letters of credit, documentary collections, and open account
- Subject matter expert on Trade transactions red flag dispositioning and determining when to escalate
- Excellent communication skills and ability to articulate complex material to a diverse audience
- Experience developing partnerships and collaborating with other business and functional areas
Job Expectations:
- Hybrid: 3 days in office, 2 days remote. Work hours: Monday through Friday 8AM to 5PM
Pay Range
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
Wells Fargo Recruitment and Hiring Requirements:
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
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