Letters of Credit Specialist Letters of Credit Specialist …

Phyton Talent Advisors
in New York, NY, United States
Permanent, Full time
Be the first to apply
Competitive
Phyton Talent Advisors
in New York, NY, United States
Permanent, Full time
Be the first to apply
Competitive
Letters of Credit Specialist
Our client, a Global Investment Bank, is seeking a Letters of Credit Specialist in their midtown Manhattan location.

Responsibilities:
  • Transaction processing of all Standby letter of credit, Guarantee and Documentary letter of credit trade finance products offered by our client's within the operational model in place at any given time:

    • Issuance and maintenance of standby letters of credit
    • Advising/Confirming and maintenance of standby letters of credit
    • Examination of default drawing and direct pay presentations (includes first or second examination function)
    • Processing of written correspondence and verbal communications with internal and external customers associated with the resolution of technical letter of credit construction subject matter and other associated extraordinary processes
    • Calculating and tracking fees and commissions
    • Issuance and maintenance of Documentary Letters of credit
  • Drafting (redlining) technical terms and conditions language to ensure proper construction of standby letters of credit, guarantees and documentary letters of credit.
  • Reviewing transactions for regulatory compliance and anti-boycott violations.
  • Interacting with various parties of letter of credit transactions to resolve disputes, issuance construction, provide first and second level technical guidance, etc.
  • Perform various administration functions related to the maintenance of letter of credit files.
  • Resolution in a timely manner of inquiries received from internal and external clients. Includes escalating any potential problems or seeking clarification as appropriate.
  • Ensure that all transactions are completed within the set timeframes/deadlines established by TFO management.
  • Stay current on Trade Finance Guidelines and Regulatory/Legal requirements by reference to related publications if available, active participation in designated in house or external training, and on the job training.
  • Perform Ad-Hoc tasks as directed by Team Leader / Management

Minimum required qualifications:
  • Standby Letter of credit technical Letter of Credit experience (5-7 years) knowledge of Uniform Customs and Practices for Documentary Credits (UCP 600), International Standby Practices (ISP98), and familiarity with Uniform Commercial Code Article 5
  • Working knowledge of AML, OFAC and U.S. Anti-boycott regulations
  • Microsoft Office Suite
  • Familiarity with bank accounting related to trade finance products
  • Must have SWIFT


Why Consider a Contract/Temp Role?
  • Get a foot in the door while evaluating your fit with an employer
  • Fill in the "gap" while you continue to look for a permanent role
  • Build your resume by developing new skills, experiences & references
  • Some companies only use professional recruiting firms to fill jobs


Visit us at www.phytontalent.com for more information.

Phyton Talent Advisors is a proud winner of the Inavero's 2017 Best of Staffing® Client Award & Named by Forbes as One of America's Best Professional Recruiting Firms

As an Equal Opportunity / Affirmative Action Employer, by choice, Phyton Talent Advisors will not discriminate in its employment practices due to an applicant's race, color, creed, religion, sex (including pregnancy, childbirth or related medical conditions), sexual orientation, gender identity or expression, age, national origin, marital status, citizenship, physical and mental disability, criminal record, genetic information, predisposition or carrier status, status with respect to receiving public assistance, domestic violence victim status, a disabled, special, recently separated, active duty wartime, campaign badge, Armed Forces service medal veteran, or any other characteristics protected under applicable law.

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