CFA Institute
Letters of Credit Officer Senior
CFA Institute, Los Angeles, California, United States, 90079
LETTERS OF CREDIT OFFICER SENIOR
WHAT IS THE OPPORTUNITY?The colleague will be responsible for delivering a high level of excellent service to clients through various channels for commercial trade finance clients. The colleague will handle customer inquiries and all tasks associated with letters of credit, such as drafting, issuance, advising, document examination, payment, transfer, assignment of proceeds, and providing issue resolution within the established guidelines, following the department's procedures and ensuring delivery services are within the established service level agreement. The colleague will provide prompt and courteous customer service to both internal and external customers.
WHAT WILL YOU DO?Handle Letters of Credit and Amendment Issuance, including Commercial Letter of Credit Advising, Document Examination, Financing, Payments, and other Trade Finance Products.Provide advice and direction on operational aspects of Trade Finance to both internal and external customers with a high level of responsiveness.Adhere to all department policies and procedures to ensure compliance with internal regulations, anti-boycott laws, OFAC, and AML. Collaborate with internal and external parties to comply with legal requirements and policies.Resolve complex inquiries and customer service issues through full ownership and resolution, making sound decisions while balancing risk with opportunity.Ensure timely collection of fees and notifications.Assist with ad hoc projects and assignments.Draft, issue, advise, and examine documents presented under letters of credit to ensure compliance with Bank policies and International Standards.Provide comments to stakeholders regarding acceptable wording of Standby Letters of Credit.Process export and import letters of credit transactions, ensuring compliance with Bank policies and regulations.
Must-Have*Bachelor's Degree or equivalentMinimum 5 years of experience processing letters of credit (standby or commercial)Minimum 3 years of basic computer experience (e.g., Microsoft Word, Excel, Outlook, and PowerPoint)Minimum 5 years of experience with Uniform Customs and Practice for Documentary Credits and/or International Standby practices
Skills and KnowledgeComprehensive knowledge of International Standby Practices and Uniform Customs and Practice for Documentary Credits is required.Excellent customer service, communication, and interpersonal skills to interact effectively with clients and all levels of Bank personnel.Strong written and verbal communication skills.Strong analytical and problem-solving skills.Detail-oriented and accurate in a deadline-driven, multitask-oriented environment.Good PC skills (e.g., Microsoft Office)Knowledge of Fusion Trade Innovation
Starting base salary: $28.58 - $45.66 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualificationsThe preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENTCity National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other basis protected by law.
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues, and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs, and that legacy of integrity, community, and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.#J-18808-Ljbffr
WHAT IS THE OPPORTUNITY?The colleague will be responsible for delivering a high level of excellent service to clients through various channels for commercial trade finance clients. The colleague will handle customer inquiries and all tasks associated with letters of credit, such as drafting, issuance, advising, document examination, payment, transfer, assignment of proceeds, and providing issue resolution within the established guidelines, following the department's procedures and ensuring delivery services are within the established service level agreement. The colleague will provide prompt and courteous customer service to both internal and external customers.
WHAT WILL YOU DO?Handle Letters of Credit and Amendment Issuance, including Commercial Letter of Credit Advising, Document Examination, Financing, Payments, and other Trade Finance Products.Provide advice and direction on operational aspects of Trade Finance to both internal and external customers with a high level of responsiveness.Adhere to all department policies and procedures to ensure compliance with internal regulations, anti-boycott laws, OFAC, and AML. Collaborate with internal and external parties to comply with legal requirements and policies.Resolve complex inquiries and customer service issues through full ownership and resolution, making sound decisions while balancing risk with opportunity.Ensure timely collection of fees and notifications.Assist with ad hoc projects and assignments.Draft, issue, advise, and examine documents presented under letters of credit to ensure compliance with Bank policies and International Standards.Provide comments to stakeholders regarding acceptable wording of Standby Letters of Credit.Process export and import letters of credit transactions, ensuring compliance with Bank policies and regulations.
Must-Have*Bachelor's Degree or equivalentMinimum 5 years of experience processing letters of credit (standby or commercial)Minimum 3 years of basic computer experience (e.g., Microsoft Word, Excel, Outlook, and PowerPoint)Minimum 5 years of experience with Uniform Customs and Practice for Documentary Credits and/or International Standby practices
Skills and KnowledgeComprehensive knowledge of International Standby Practices and Uniform Customs and Practice for Documentary Credits is required.Excellent customer service, communication, and interpersonal skills to interact effectively with clients and all levels of Bank personnel.Strong written and verbal communication skills.Strong analytical and problem-solving skills.Detail-oriented and accurate in a deadline-driven, multitask-oriented environment.Good PC skills (e.g., Microsoft Office)Knowledge of Fusion Trade Innovation
Starting base salary: $28.58 - $45.66 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualificationsThe preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENTCity National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other basis protected by law.
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues, and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs, and that legacy of integrity, community, and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.#J-18808-Ljbffr