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Supply Chain Operations Specialist II

at City National Bank in Newark, Delaware, United States

Job Description

SUPPLY CHAIN OPERATIONS SPECIALIST II

WHAT IS THE OPPORTUNITY?

The Supply Chain and Operation Specialist is responsible for performing all functions related to the processing of Supply Chain transactions and for providing day to day support to the Trade Operation as well as the Supply Chain Operation by finding efficiencies, reducing no value add work and by working closely with the IT team to enhance the current Trade Operation system.

Banking and Investment Services Division

Banking and Investment Services plays an integral role in leading the strategic vision and execution of all banking operations. Our servicing and operations professionals partner closely with all of our lines of business to carry out critical functions, including client/deposit servicing, contact center operations, payments processing, and trade and lending operations, while identifying and mitigating risk throughout the organization. Servicing and operations professionals seek to transform and define an integrated support model through automation and cutting-edge digital technologies, to deliver an excellent experience for our clients and businesses.

What you will do

+ Determine the eligibility of all invoices submitted by the Client/Supplier based on the Bank Criteria.

+ Process all discount request received from the Clients/Suppliers thru the CNB Portal in accordance with Bank Policies.

+ Remit the net proceed to the Client/Suppliers as per their standing instructions and update the status of the invoices in the CNB Portal accordingly.

+ Accept all Buy Offer submitted in the Prime Revenue Platform in accordance with established Procedures.

+ Process the Buyer Offers received thru the Prime Revenue Platform in the Trade System and remit funds to the Suppliers as per their standing instructions.

+ Obtain funds for any matured Obligations form the Client/ Buyer and process the settlement in the Trade Finance System accordingly.

+ Process CNB Participation of Payment Obligations processed by other Bank and remit the net proceed in accordance with the Agent Bank instruction and settle such Participation on Due date

+ Reconcile the Bank Control Account to ensure that all funds due to CNB were duly received. Address any discrepancy.

+ Monitor all incoming messages to ensure they automatically uploaded properly in the Trade System. Manually update the message if necessary.

+ Maintain Trade System and update for daily performance and connectivity to other platforms such as client facing application and/or SWIFT interfaces. Set up Client profile and settlement instructions in the Trade System upon request.

+ Set up any Document template or update existing template based on the Client’s need.

+ Set up and maintain Department limit for Selected Banks in the Trade Finance System, monitor the CNB exposure to those selected banks to avoid any overdrawn in their Line Of Credit.

+ Manual Loan application update to transactions as system limitation prohibits.

+ UAT testing of upgrade to all department owned applications plus SWIFT.

+ Setting up CIS set record via CNB1 for any approved Suppliers under the Prime Revenue Program

+ Updating daily the LIBOR and CIDOR rate in the Prime Revenue site to be used on the transaction to be processed on the following business day.

+ Run the End of Days in the Trade Finance Systems on a daily basis to close the accounting record for the day.

+ On a monthly basis, compare the cost center in the Trade System to the cost Center listing in City Data and update the Trade System accordingly to ensure that the Non-Renewal notice for all Standby Letters of Credit with automatic renewal clause is sent to the correct cost center. The failure of the non- renewal notice to reach the proper Relationship Officer will cause an undue exposure for the Bank.

+ Other duties as assigned.

Must-Have*

+ Bachelor’s Degree or equivalent

+ 1+ year Banking experience

+ Intermediary Computer literacy

+ Intermediary understanding of accounting principles

Skills and Knowledge

+ Certificate for Documentary Credit Specialist (CDCS) a plus

+ Previous Trade Finance or Supply Chain experience preferred

+ Proficiency in Microsoft Windows and Office program specially Excel and Access

+ Excellent organizational Skills

+ Good time Management skills

+ Ability to work on a team environment

+ Excellent attention to detail and accuracy

+ Good interpersonal skills

+ Work Activity requires repetitive and constant key data entry activity.

Compensation

Starting base salary: $20.28 – $30.42 per hour. Exact compensation may vary based on skills, experience, and location.


To be considered for this position you must meet at least these basic qualifications**

The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf) .

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.’

ABOUT CITY NATIONAL

We start with a basic premise: Business is personal. Since day one we’ve always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to be at the heart of our company today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.

\#CA-MD

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Job Posting: JC256617750

Posted On: Mar 10, 2024

Updated On: May 05, 2024

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