Senior Standby Letter of Credit Specialist.

Our Client, a Retail And Corporate and Institutional Banking Solutions company, is looking for a Sr Standby Letter of Credit Specialist. for their Jersey City, NJ location.

Responsibilities :

• The function covers objective assurance and consulting activity designed to improve an organization operations by evaluating and improving the effectiveness of risk management, control and governance processes.
• May also be responsible for liaising with the Risk and Compliance functions.
• This role is found where individuals cover a broad area of responsibilities rather than focusing on one specific role.
• Responsible for the evaluation and monitoring of a company risk management, control and governance practices, with recommendations for improvement where necessary and best practices.
• Makes recommendations to Business Unit Owners.
• Provides detailed feedback to business unit management.
• Transaction processing of all Standby letter of credit, Guarantee and Documentary letter of credit trade finance products offered by BNP Paribas 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

Requirements :

Why Should You Apply?

As an equal opportunity employer, ICONMA provides an employment environment that supports and encourages the abilities of all persons without regard to race, color, religion, gender, sexual orientation, gender identity or express, ethnicity, national origin, age, disability status, political affiliation, genetics, marital status, protected veteran status, or any other characteristic protected by federal, state, or local laws.