Letters of Credit VP
Full-time
Social Capital Resources
Top-Tier Bank in Manhattan is seeking a Letters of Credit VP!
Responsibilities:
- Administration of the Bank’s letters of credit portfolio, specifically the issuance, confirmation, and advising Standby/Guarantees and Import/Export letters of credit.
- Management of all associated reconciliation issues and management of front office relationship.
- Ensure that letter of credit transactions are in conformity with client instructions
- Ensuring daily workflow is properly processed and backup for approval and release of transactions.
- Review daily maturity report to ensure action has been taken by Administrators, as applicable, for maturing transactions.
- Approve transactions to record standby/commercial letters of credit activity in ACBS and LCMS, Swift Alliance as required.
Qualifications:
- Bachelor's Degree
- 7+ commercial and standby letters of credit experience
- Experience with Commodity based clients.
- Knowledge of UCP 600/ISP 98/URDG 758
- Examination of all relevant trade finance documents
- Fluency in Mandarin or Cantonese is a plus
Vacancy posted 6 hours ago
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