Letters of Credit VP
social capital resourcesGlens Falls, NY
Letters of Credit VP
social capital resourcesGlens Falls, NYSenior L5
Commercial BankingSavings Institutions and Other Depository Credit IntermediationOther Activities Related to Credit Intermediation
APPLY NOW (opens in a new tab)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
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Level
Senior L5
Location
Glens Falls, NY
Occupation
Credit Analysts
Industry
Commercial Banking
Posted
2 days ago