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Job Ref: 14385

VP Standby Letter of Credit & Guarantee Operations

We are working with a European Bank client in MT NYC seeking a Hands On Trade Manager who may eventually build their own Team and Administration of the Bank’s letters of credit portfolio, specifically the issuance, confirmation, and advising Standby/Guarantees and Import/Export letters of credit.  Ensuring daily workflow is properly processed and backup for approval and release of transactions.  Management of all associated reconciliation issues and management of front office relationship.

Minimum of 10 to 12 years commercial and standby letters of credit experience – Experience with Commodity based clients a plus
Knowledge of UCP 600/ISP 98/URDG 758
Examination of all relevant trade finance documents
Knowledge of all regulatory guidelines i.e. sanctions, OFAC compliance, anti-boycott and others
Knowledge of SWIFT
Word/Excel proficiency

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