Standby Letters of Credit Senior Specialist - Hybrid

Company: MUFG
Location: Jersey City
Posted on: May 16, 2022

Job Description:

Do you want your voice heard and your actions to count?Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. Across the globe, we're 180,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.This is a hybrid position. There are flexible work from home options available. A member of our recruitment team will discuss the options with you in more detail.Major Responsibilities:

• Responsible for providing client advisory, ongoing customer servicing and / or the day-to-day customer service for operational support of the Transaction Services business including: Trade Operations, Custody Operations, Depository Receipts, Clearing, Agencies and Trust, Network Management, and Securities Lending.
• Roles at this level are responsible for routine operational work on a team that processes large volumes of transactions on a daily basis.
• Day-to-day actions are focused on administering defined procedures, analyses and report preparation.
• Works independently but will have access to and work reviewed by team leads and supervisors as needed.
• Wire Transfer setup and modification.
• Managing transactions within a variety of bank systems including Wire Transfer, Lockbox, Direct Deposit of payroll, Controlled Disbursement, Positive Pay, nationwide Lockbox and ACH services.
• Perform setups of other products including, but not limited to, Cash Pooling, Automatic Sweep, Reverse Sweep, Zero Balance Accounting, etc.
• May provide customer/technical support for assigned products.
• Review setup forms to be timely and accurate.
• Perform investigations and process customer lifting charges related to wire transfers.
• Purchase currencies through foreign exchange system.
• Confirm Foreign wire application instructions with customers.
• Coordinate with customers and FX Group to determine an exchange rate (for incoming and outgoing funds).
• Maintain and review customer contact log to ensure that customer inquires and troubleshooting are resolved in a timely manner.
• Review and monitor regular reporting and daily logs.
• Other duties as assigned by unit supporting.
• More senior individuals may direct workflow.Additional Information:
  • 2+ year experience in servicing cash management and other deposit services.
  • Knowledgeable of overall payment systems and the related operations and good understanding of desktop applications.
  • Excellent communication skills and attention to details.The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual's associates or relatives that is protected under applicable federal, state, or local law.Some MUFG roles require that individuals be fully vaccinated against COVID-19, subject to exemptions for medical or religious reasons, as well as any other reason required by applicable law or order. Should you be selected for an interview, your recruiter will provide additional information.#LI-Hybrid

Keywords: MUFG, Jersey City , Standby Letters of Credit Senior Specialist - Hybrid, Accounting, Auditing , Jersey City, New Jersey