Global Banking & Markets Operations - Loan Management, Letters of Credit, Associate, Dallas/New York

About the role

The Letters of Credit servicing team within IB Agency is responsible for the trade finance functions as Standby Letter of Credit Issuer. This position requires the ability to handle complex inquiries regarding standby letters of credit from our external clients and internal business partners. Additionally, the individual we are seeking will assist in strategic projects to enhance the product and platform.

Responsibilities

• Review Credit Agreements and other deal documents to assist with the structuring of our obligation as issuing bank
• Review Letter of Credit drafts before they are shared with clients
• Review Counter-Standby Letter of Credit drafts before they are shared with correspondent Banks
• Review communications with Correspondent Banks
• Manage communications with the different desks during the process of reviewing Letters of Credit
• Review daily reports to ensure appropriate action has been taken if applicable
• Review Letter of Credit Issuances processed by the Team
• Review Reg W and Reg O Checks, OFAC checks are performed by Processor prior to LC Issuance
• Suggest process improvements

Requirements

• In-depth knowledge of ISP98/UCP 600
• Excellent communication and client service skills
• Strong organizational and analytical skills with a keen attention to detail
• Proficiency using the Microsoft Office Suite in particular Excel and PowerPoint

Qualifications

• Bachelor's degree with financial services experience of more than 3 years

Skills

• Knowledge of URDG 758

Benefits

Not specified

Pay

[$80,000-$135,000]

Schedule

Not specified