Trade Operations Job Description
Trade Operations Duties & Responsibilities
To write an effective trade operations job description, begin by listing detailed duties, responsibilities and expectations. We have included trade operations job description templates that you can modify and use.
Sample responsibilities for this position include:
Trade Operations Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Trade Operations
List any licenses or certifications required by the position: CDCS, CITF, CMA, ICC, CUSECO, FTA, PMP, C-TPAT, CFA, NAFTA
Education for Trade Operations
Typically a job would require a certain level of education.
Employers hiring for the trade operations job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Business, Economics, Accounting, Education, Associates, Science, Graduate, Management, Business/Administration
Skills for Trade Operations
Desired skills for trade operations include:
Desired experience for trade operations includes:
Trade Operations Examples
Trade Operations Job Description
- Identify and escalate any OFAC hit for transactions reviewed
- Timely feedback
- Follow up on cases that hit compliance
- Accurate confirmation of Time Deposit trades with our brokers within Fund Accountant and Custodian deadlines
- Position Reconciliation between Trading and accounting system
- Research and respond the actual and Potential overdraft
- Preparation and reporting of Custodial Cash Balances
- Liaison with other teams for wire payments and data set up
- Ensuring that processing is carried out in compliance to the policy, procedures and regulations
- Acting as a focal point of contact for customers and other stakeholders for any requests and enquiries for the transactional bookings
- Support external contractors and in-house personnel with product classification
- Obtain & retain product technical data to support classification efforts
- Manage government publication subscriptions
- Ensure complete and accurate record retention of import & export transactions
- Manage record archival
- Assist in operational and compliance matters as assigned
Trade Operations Job Description
- Working on streamlining trade support operations to create cost benefit solutions
- Resolution of all breaks between front office and back office systems
- Tracking and reporting daily trace activity
- Creating and maintaining analytical reports for Operations Management
- Timely intraday trade confirmation across Global Markets / Exchanges
- Monitoring trade matching systems trade exceptions
- Assisting Controllers with Profit & Loss discrepancies
- Resolving inter-company breaks
- Participating in UAT system testing of new applications
- Conversant with and able to apply UCP 600 ISBP
- Detailed understanding of the technical aspects of Trade products
- Technical expertise in valuation, country of origin marking, duties, protests, anti-dumping, and other government agencies
- Ability to independently undertake the development, implementation, & on-going management of customs processes & procedures
- Ability to integrate existing & new Customs procedures into the Corporation through cooperative work with other processes
- Ability to train others on Customs procedures
- Key performance indicator development and management
Trade Operations Job Description
- Liaisons with external and internal customers
- Collation of LCs and documents and advising client of incoming documents
- Other trade related activities/tasks
- Able to manage senior stakeholders and clients
- Build strong relationships with the business and hubs to collaborate on service delivery and client experience
- Partner with product, risks, compliance and legal to understand and interpret industry/regulatory changes/ICC rules
- Work with business to structure complex deals
- Strategize with MIS team to review expenses and cost saving
- Have oversight with the processing hub and analyze key performance measures of the hub
- Work with hub, operations team to streamline the flow and achieve timeliness, productivity and errors against the regional matrix
- Business level Chinese (verbal and writing) is required in addition to English
- Three or more years of prior experience
- Must be able to work early schedule at times
- Ability to demonstrate Technical Leadership
- 7+ years of hands on Java / SQL experience
- Hands on knowledge of Unix Scripting Languages
Trade Operations Job Description
- Determining work flow and scheduling work assignments and rotations
- Employee training, back-up for absent employees
- Keeping abreast of departments needs and makes recommendations to management for process improvements
- Resolving problem situations of a technical nature
- Investigating and resolving all transaction discrepancies
- Effective and prompt response to all inquiries not resolved by the processing team
- Providing input in employee evaluations by providing feedback, strengths and areas for improvements to managers
- Informing upper management of delicate and/or volume areas
- Fostering and environment that encourages team work, empowerment and employee development
- Coordinating the activities of the clerical staff recommending measures to improve performance and increase efficiency and gives guidance
- In-depth knowledge of customer service and dispute resolution
- Hedge Funds & Private Equity - 2
- Prior experience with MRP (DAX) and/or CRM
- Excel, Word are essential
- Good written and spoken Japanese and English
- Strong leadership skills – previous experience of managing a large operation at Vice President or equivalent level
Trade Operations Job Description
- Liaising with Bank/Client Service Staff routinely
- Attending training to develop relevant knowledge, techniques and skills
- The timely advising, issuance, and/or verification of letters of credit and amendments, examination of documents presented, and the processing of payments
- Reviewing and processing of incoming Letters of Credit and Amendments for conformity to the applicable standard banking practices and Bank of New York Mellon Operating Procedures using the Global Trade System (GTS)
- Examining documents presented in a timely manner in accordance to the applicable standard banking practices and Bank of New York Mellon Operating Procedures while utilizing specific Departmental guidelines
- Resolving any inconsistencies with the appropriate parties
- Ensuring the timely processing and follow-up of all assigned work in order of priority as set by Departmental guidelines
- Maintaining professional communication with relevant parties
- Processing payments associated with Letters of Credit
- Escalating potential problems or unusual transactions to Production Coordinator
- Excellent operational change experience – evidence of having influenced strategic change programmes
- A motivational leader of people
- Outstanding influencer and networker
- Prior experience in demonstrating successful cross-functional engagement and consensus building
- Minimum of 2 years of operations experience, although candidates significantly above this level will be considered
- Minimum “A’ level with at least 3 years experience in the bills dept