What is Trade Compliance Specialist in SAP SLL - Global Trade Services?

SAP Term: Trade Compliance Specialist

• Component: SLL

• Component Name: Global Trade Services

• Description: The Trade Compliance Specialist is responsible for import-and export processes. He or she ensures that all imports and exports are processed in accordance with the valid regulations and laws, and that the business partners and transactional documents are rule-compliant. Tasks Among other things, the Trade Compliance Specialist is responsible for the following tasks: Ensuring that import-and export processes run friction-free Ensures that import- and export regulations are adhered to, to avoid contractual penalties, financial losses, and delays in delivery Monitors legal changes and updates import- and export control policies Monitors the results of compliance checks on documents Decides if blocked documents can be released Creates import- and export licenses in the system and assigns them to blocked documents in a timely manner Ensures that all relevant names and addresses are compared with current embargo lists and sanctions lists Checks business partners and documents in a timely

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• Key Concepts: 
  A Trade Compliance Specialist is a role within SAP's SLL Global Trade Services component. This role is responsible for ensuring that a company's international trade activities comply with all applicable laws and regulations. The Trade Compliance Specialist works closely with the company's legal and finance departments to ensure that all trade transactions are conducted in accordance with the applicable laws and regulations.
  
  How to use it: 
  The Trade Compliance Specialist is responsible for monitoring the company's international trade activities and ensuring that they are compliant with all applicable laws and regulations. This includes researching and understanding the relevant laws and regulations, as well as monitoring the company's trade activities to ensure compliance. The Trade Compliance Specialist also works closely with the company's legal and finance departments to ensure that all trade transactions are conducted in accordance with the applicable laws and regulations.
  
  Tips & Tricks: 
  It is important for a Trade Compliance Specialist to stay up-to-date on the latest changes in international trade laws and regulations. Additionally, it is important for a Trade Compliance Specialist to have strong communication skills in order to effectively collaborate with other departments within the company. 
  
  Related Information: 
  The SLL Global Trade Services component of SAP provides a comprehensive suite of tools and services to help companies manage their international trade activities. These tools include automated document processing, compliance management, risk management, and more. Additionally, SAP provides training and certification programs for Trade Compliance Specialists.