Description
SUMMARY
The international Portfolio Manager assists internal and external customers in the use of international services. This primarily involves supporting clients with foreign currency transactions, international wires, and letters of credit. Directly supports International sales efforts.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Prepare standby and commercial/import letter of credit applications for clients and prospects
Participate in client virtual meetings/conference calls to understand the nature of the transactions
Coordinate with International Operations in suggesting wording and structure are consistent with standard international banking practice
For some international standby L/Cs (primarily for bid and performance purposes), coordinate with foreign correspondent banks to obtain their support to meet beneficiary requirements
Ensure client understanding of the risk involved (and for commercial L/Cs, the cash flow implications of the structure)
Support transactions through occasional discussions about standby L/C wording with beneficiaries
Coordinate with relationship managers and portfolio managers to ensure credit approval requests are submitted/obtained and risk and structure are understood; provide guidance to relationship managers about pricing
Provide support to commercial relationships that the sales team manages on behalf of the bank
Involves coordinating with Treasury Management Sales, Treasury Management Technical Support and the Business Service Center in order support client needs
Updating authorized signers for depository accounts in bank systems
Work with clients and prospects to assist with obtaining necessary documentation to provide foreign currency services (including hedging), foreign currency accounts and (for correspondent banking clients) Canadian check remote deposit capture and online banknote ordering services
Coordinate implementation with international operations and the treasury management team
Advise clients about benefits, risk and cash flow implications of export letters of credit and export collections
Coordinate with international operations as needed
Advise clients about benefits, risk and cash flow implications of import and export documentary/direct collections
Coordinate with international operations as needed
Coordinate indicative FX quotes/pricing with International Operations for prospective transactions
As needed, provide support for administration of FX loan portfolio and international wire inquiries
Performs all other duties as assigned
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position:
Bachelor (4-year college) degree at least 5 years of experience or equivalent combination of education and experience
Knowledge of banking and FH systems preferred
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Corporate Diversity Commitment :
We remain committed to creating a more equitable society, and that starts with our associates, our clients, and the communities we serve. We do this by elevating equity, providing capital and counsel, and committing to excellence in everything we do.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)